Working Capital Finance
Working Capital Finance
NBQ Working Capital Solutions are designed after listening carefully to our customers and understanding the needs of their business. We can provide you with a pay-as-you-go overdraft facility to handle short term changes in cash flow, and to handle cyclical day to day business expenses.
Features and Benefits
- Customised short-term financing solution available for periods of up to 12 months
- Modest collateral requirements to secure the financing
- A dedicated Overdraft account with active operations and acceptable turn over to the Bank
- 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 10,000,000
- All applicants will be required to comply with UAE Central Bank regulations
Documents Required
- Application for credit facilities in Bank's standard application form
- A copy of your Trade License or Commercial Registration
- Account opening forms
- For LLC or partnership companies, Memorandum of Association, and any subsequent amendments or Registered Power of Attorney(POA)
- A Board Resolution in the Bank's standard format for borrowing, with a list of authorized signatories for approving borrowing and operating the account
- Passport Copies of all Partners including Residence Visa page and copy of Emirates ID for authorized signatories
- Audited balance sheet for last three years and interim financial report
- Bank statement (on a case by case basis)
- A feasibility study and a valuation report
- Other documents at the discretion of the Bank
Please submit the details below and a dedicated Relationship Manager will contact you
- Name of Company (as per trade license) :
- Nature of business:
- Annual Turnover:
- Name of contact person:
- Contact No.: Email ID:
Terms & Conditions Apply
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