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Business Finance  /   Cheque Discounting
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Cheque Discounting
Client can take money from bank on the security of postdatedcheques issued by their credit worthy customers. The bank in this case is certain that they will get the payment of this cheque on the due date from the customer of the client. Normally the cheques should not be dated for date which is later than 90 days from the date of discounting.
CRM Financing can arrange for cheque discounting to help you meet your immediate cash requirements with the security of postdated checks in UAE.
Call us at +97167475144 or send an email to info@crmfinancing.com

Requirement
  • 12 month bank statement of Business account
  • Years in business: Minimum 3-5 years
  • Clear repayment history of any other loans
  • Business turnover of minimum AED 5-8 million per year
  • Profitability: Net profit to be positive for last 2 years
  • Audited financials (Balance Sheet) – 2 years
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