LPO Financing Scheme

We believe in building a long-lasting relationship between us and our valued customers. This is the rationale behind the introduction of our special pre-financing loan facility tailored for companies with suppliers or other contracts agreement with selected reputable companies in the country.

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This scheme is designed to address the peculiar credit requests of contractors in need of funds to pre-finance their Local Purchase Orders (LPO). This loan facility is designed to provide short term financing to small and medium scale retail customers which would enable them execute business contracts for other reputable companies. We have a dedicated team ready to help our clients every step of the way.

Other benefits of include:

  • Opportunity to ease working capital constraints
  • Competitive pricing
  • Guaranteed flexible terms of payment
  • Access to readily available credit within clients own timing
  • Prompt advisory service from a team of dedicated account managers
  • Clients shall be updated on monthly loan repayment via CalBank Alert
  • The tenor for the scheme is 120 days (four months)
  • Minimum Salary: GHS 500.00
  • Age: 18 – 53 years
  • Employment Records: 6 months or at the discretion of the credit manager
  • Account History: Six (6) months Bank Statement is required from clients with account relationship with other Banks
  • Clients shall be updated on monthly loan repayment via our CalBank Alert
  • Funds will be advanced once client satisfies all pre disbursement requirements
  • Repayment shall be in full on or before expiry date from proceeds of the LPO/Supply
  • Submission of Order/Contract documents
  • Client must present the LPO to the bank
  • Submission of formal request letter
  • Client’s LPO shall be duly authenticated and confirmed
  • Acknowledgment of Assignment of Notification of Receivables by employer. This is letter of undertaking from the employer undertaking to make payment after the execution of contract in the joint names of CalBank and the client
  • Accepted offer letter duly executed by authorized signatories
  • Board Resolution authorizing the borrowing and accepting the offer (where applicable)
  • Domiciliation and assignment of contract proceeds
  • Submission of six (6) months Bank statement that shows evidence of lodgments of proceeds of past contracts
  • Joint and Several Guarantee of the Directors of the company
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