Financing
Access financing solutions to meet your business goals and targets with our extensive and diverse range of financing products and services.
Working Capital
Accessing credit can be a hassle for businesses especially when they need to resolve temporary cash flow challenges. We provide working capital loans to our clients to meet their short-term operational needs. Such loans may be provided through varying structures depending on the peculiar needs of the client. These include:
Debt Factoring/ Invoice Discounting – We offer invoice financing facilities to business owners, allowing them to leverage the value of their sales ledger.
Overdrafts –Overdrafts are a lifeline for businesses when they experience financial constraints. We offer short-term loans in form of overdrafts which are flexible and easy to manage with clear and practical rates.
Corporate Lending
Revolving Credit Facility – Revolving Credit Facility – Our revolving credit facility gives our clients the flexibility to meet their urgent funding needs. Our clients have access to credit lines during periods of low liquidity which may be drawn upon at any point when the company faces tight liquidity constraints and is in dire need of cash.
Time / Term Loans – We offer both short-term and long-term asset-based loans to our clients to finance revenue generating assets and to support their business operations.
Guarantees & Bonds – We can shoulder your third-party liabilities as an independent guarantor, confirming your ability to meet your contractual obligations and also enabling the satisfactory completion of your projects.
Commercial Papers – With shorter maturity dates, commercial papers provide a perfect way to diversify your business investments. Coronation Merchant Bank can provide support facilities, via timed loans, to back commercial papers issued by our clients. This is to enable our clients with sufficient time to cycle out their products and ease their cash flow.
Banker’s Acceptance – We provide extra security against counterparty risk via Banker’s Acceptance. These are time drafts issued on behalf of our clients to enable them to proceed with their purchases or sales.
Why We Should be Chosen
a. Pricing Excellence –We create an efficient pricing structure that ensures that our clients achieve maximum benefits from our products and services
b. Resource Efficiency – We maximize our resources to the benefit of our clients. Our people, products and networks are at your disposal at all times.
c. Product Platforms – We will adopt the most up to date technological platforms. Our technology architecture is robust and will meet all your needs in a cost-effective manner.
d. International Partnerships – We leverage our networks for best-in-class solutions to your banking needs across geographies.
e. Service Automation – We ensure that through the automation and digitization of our product offerings, we provide clients with a seamless customer experience.
