A letter of credit( LC ) is a written promise by a bank to pay for goods a buyer purchases from a seller. Discounting is a way a seller gets paid immediately even if the buyer wants a longer term for payment. We can help you in LC Discounting in Dubai or elsewhere in the UAE through most efficient method.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 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
• History of having done some LC transactions in the past - desirable