Family Bank designed this trade and business banking package to empower Small and Medium Enterprises ( SME ) at every growth stage—whether winning tender, securing asset financing, LPO and guarantees, executing contracts, or managing inventory.
Product Breakdown
Asset Financing
- What It Covers: Personal vehicles, Commercial vehicles, delivery trucks, construction machinery, healthcare equipment, and industrial assets.
- Structure: The asset itself acts as primary security. Repayment terms are flexible allowing businesses to generate revenue from the asset while paying for it.
Stock Financing
- What It Covers: Bulk purchasing of raw materials or fast-moving goods ahead of high-demand seasons.
- Structure: Short-term advances secured against stock or incoming sales proceeds, allowing merchants to lock in supplier bulk discounts.
LPO (Local Purchase Order) Financing
- What It Covers: Capital required by contractors or suppliers to fulfill substantial orders for reputable corporate or public sector clients.
- Structure: Family Bank funds up to 70% of the LPO value directly to suppliers/vendors, with contract payments routed back through the bank account to liquidate the facility.
Tender Guarantees
- Bid Bonds: Fast-track guarantees issued to enable businesses to participate in competitive public or private procurement tenders.
- Letters of Credit (LCs) & Guarantees: Import/export LCs, Performance Bonds, and Advance Payment Guarantees (APGs) that mitigate risk between buyers and sellers in domestic and international trade.
WASH Financing (Water, Sanitation, and Hygiene)
- What It Covers: Tailored funding for community water service providers, sanitation entrepreneurs, waste management firms, and eco-friendly infrastructure upgrades. Frequently bundled with technical assistance or blended finance partners to offer accessible rates for high-impact social enterprises.
