Working capital financing (purchase of raw materials, semi-finished products, goods for resale, works and services) is provided either by transferring money to the account of the suppliers of the goods (or works and services) or by transferring funds to the current account of the borrower without the bank’s control of the purposeful utilization of the loan.
Priorbank finances the working capital of enterprises mainly in the form of revolving credit facilities, under which conditions the financing is provided within the established disbursement limit and outstanding limit, i.e. if the borrower has repaid part of the previously received loan it can receive a new loan under the concluded loan agreement, which means that there is no necessity to fill in a separate package of documents to get renewed financing up to the limit of the initial agreement.
Repayment of each part of a loan is realized:
- regularly (monthly, quarterly, semiannually) depending on the operating cycle of the borrower;
- in equal parts on the due dates as stated in the agreement.
Standard credit products:
- «Revolving credit line for financing of current assets of manufacturing enterprises»
- «Revolving credit line for financing of current assets of trade enterprises»
- «Revolving credit line for salary payments (pay-roll projects financing)»
- «Structured financing of oil traders for purchase of hydrocarbon raw products»
Please feel free to contact one of Your Personal Account Managers.