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Tatra banka

7.12.2016 17:21

Bank Guarantee of Eximbanka SR - export loan

This product will allow you to raise capital for bridging the period from purchase of raw materials, through the process of manufacture, until export of the manufactured products.

  • less requirements on the security of the loan
  • quickly raised capital
  • the option to defer the installments of the loan
  • also for less credit-worthy clients
Advantages

Advantages

  • guarantee for a part of the bank loan, and thus less requirements on the security of the loan
  • quickly raised capital for purchase of raw materials even prior to existence of the receivable to the final consumer
  • the option to defer the installments of the loan to the period when the goods shall be actually exported and payments by final consumers shall be remitted
  • provision of the loan also for less credit-worthy clients or in the event the request for the amount of the loan does not correspond to the client's financial standing
Details

Details

The condition is that the majority of the manufactured products should be determined for export, and the majority of the components required for manufacture of the goods must be of Slovak origin. Eximbanka SR shall issue a B/G for the loan provided for purchase of raw materials required for manufacture, up to 80% of the loan principal.

This is an installment loan facility, and the amount of the loan must not exceed 70% of the total costs incurred by the client for purchase of required raw materials. The amount of the coverage depends on the amount of the provided loan, the maturity of the loan, and obviously on the client's creditworthiness.

The loan is released against invoices for purchase of raw materials, which at the same time represent documents for Eximbanka, proving the purpose of the provided loan and the B/G issued in connection therewith. Every installment of the loan shall reduce the amount of the B/G, in percentage corresponding to the loan covered by the Eximbanka´s B/G.

The loan is repaid from payments remitted to the account by the final consumers of the goods. The final maturity of the loan must not fall after the date of expiry of the B/G. Usually, the B/G shall expire 14 days of the final maturity date of the loan.

Security of the loan and the B/G is subject to an agreement between TB and Eximbanka SR, based on a client´s proposal and collaterals which may be offered by the client as securities.

The security of the loan for TB is represented mostly by receivables to international customers (in the form of pledge).

The security of the B/G for Eximbanka SR is represented by a mortgage over immovable assets or a pledge over movable assets, over the stock or any other type of security according to the conditions of the specific business deal.

Conditions

Conditions

Loan is fo exporters, manufacturing plants which have signed attractive customer contracts, but do not have sufficient capital to realise the manufacture with conditions:

  • pfurnishing of the company's financial statements for previous 2 years + the latest current statements
  • furnishing of an extract from the Commercial Register (not older than 3 months)
  • completing forms required by Eximbanka SR (an application for issuance of B/G, financial statements for the last 3 years, income tax return, completed tables)
  • furnishing of the supplier and customer contracts
  • furnishing of the invoices proving purchase of raw materials
  • allowing the employees of Eximbanka SR to perform control.