Contract Financing
Finance your projects from planning to completion, with straightforward documentation.
Finance your projects from planning to completion, with straightforward documentation.
Contract Financing
NBQ offers various products to assist you procure & execute contracts from planning stage to completion as follows:
Procure Orders:
- Bid bonds
- Performance Guarantees
- Retention Guarantees
- Maintenance Guarantees
Working Capital:
- Overdraft
- Advance Payment Guarantees
- Finance against progress payment certificates
- Letters of Credit for your suppliers
- Trust Receipt Loans
Other Facilities:
- Equipment finance
- Forex transactions
Features and Benefits
- We offer structured solution linked to the duration of your project
- A dedicated NBQ Current Account
- Straightforward documentation
Eligibility
- UAE-registered business entities that have been in operation for at least 4 years
- Annual sales turnover must be in excess of AED 50 Million
- All applicants will be required to comply with UAE Central Bank regulations
Documents required
- Contract Details
- Application for credit facilities in Banks' standard application form
- Audited Financial statements for last three years and interim financial reports
- Feasibility study
- Bank statement
- A copy of Trade License and Chamber of Commerce Membership Certificate
- Constitution and Authority Documents for entities other than natural persons
- Passport/Emirates ID Copies of all Partners including Residence Visa page
- Other documents at the discretion of the Bank
Please contact the Bank for further assistance
Terms & Conditions Apply
Asset Financing
Stay profitable and upgrade your assets with financing linked to cash flows.
Working Capital Finance
Get a pay-as-you-go overdraft facility. Manage your cash flow and enhance your returns.
Current Account
NBQ's Business Current Account is available in major currencies and is the ideal solution for managing your day-to-day business transactions.