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Business Finance  /   Local Bill Discounting( LBD )
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Local Bill Discounting( LBD )
This facility enables an organization to pledge its local receivables to the bank in return for immediate cash facility. The bank will hold an organization’s receivables as collateral and provide the pledged amount with an agreed markup. This fulfills an organization’s immediate cash requirements. CRM Financing can arrange for Local bill discounting to meet your immediate cash requirements 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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