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DISTRIBUTOR FINANCE

If You are appointed by a large corporate entity to distribute goods within specific area then Distributor Finance Facility could be an ideal financing option for you. Our facility will help you in chasing primary target and make on time supplier payment to ensure faster procurement.

PRODUCT FEATURES

  • Revolving nature working capital facility.
  • Facility tenure is 1 (one) year and renewable,
    subject to satisfactory performance
  • Sanction limit is determined based on your weekly procurement and
    credit-sale amount.
  • Interest is calculated on daily principal outstanding
  • Direct payment to your supplier
  • Zero disbursement processing time
  • Up to Tk.15 Lac Collateral Free Sanction Limit

Why Choose Distributor Finance

Payment Processing Made Easy

You can easily make fund request through SMS and ensure payment directly to your supplier.

Gain Supplier Confidence

With the reliable and consistent cash flow, it is easier for you to keep payment commitment to your supplier.

Keep Your Inventory Protected

You are getting inventory insurance coverage whose premium charge is borne by United Finance.

Save Your Interest Expense

You can repay the principal anytime if fund is available and save interest and can take disbursement on immediate.

HOW IT WORKS

Disbursement

  • Step (01) SMS Fund Request to Us
  • Step (02) We will disburse fund directly to Your Supplier
  • Step (03) Supplier will deliver Goods to You

Loan Repayment

  • Step (04) Your will Repay the Principal as soon as the fund is available.

Documents Need to Apply

  • Sales ledger or party ledger of 06 months (minimum) to 12 months (maximum)
    depending on payment cycle of customer
  • Bank statement for the equivalent period
  • Business operations summary with your customer
  • Sample copy of work orders, invoice etc
  • Loan application duly signed by you
  • CIB undertaking

DOCUMENTS REQUIRED FOR CREDIT VISIT

Serial

Documents Proprietorship Concern Partnership Firm Private Limited

01

Updated Trade License
02 National ID of Directors

03

ETIN Certificate

04

Photograph of the Directors/Owners

05

Registered Partnership Deed

06

Memorandum & Article of Association

07

Form XII

08

Schedule X

09

Certificate of Incorporation

10

Board Resolution (as applicable)

11

Environment Clearance Certificate

12

Audited Financial Statements (latest 3 years)

13

Credit Rating Report (Latest)

Why Choose Distributor Finance

PAYMENT PROCESSING MADE EASY

You can easily make fund request through SMS and ensure payment directly to your supplier.

GAIN SUPPLIER CONFIDENCE

With the reliable and consistent cash flow, it is easier for you to keep payment commitment to your supplier.

KEEP YOUR INVENTORY PROTECTED

You are getting inventory insurance coverage whose premium charge is borne by United Finance.

SAVE YOUR INTEREST EXPENSE

You can repay the principal anytime if fund is available and save interest and can take disbursement on immediate.

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Sanction limit is determined based on your weekly procurement plus credit sale amount.

Maximum sanction limit depends on your business volume. However, maximum collateral for sanction limit is Tk.15 lac.

Repayment of the facility can be made by depositing cash directly to our bank account.

Credit period is determined based on your cash cycle. We will provide additional 7 days as grace period in case your market collection gets delayed.

You can draw fund anytime according to your requirement as long as there is free limit available in your loan balance.

Tenure of distributor finance facility is 1 year and renewable, subject to satisfactory repayment behavior.

IADA is Interest Adjustment Deposit Account. It is a non interest bearing account maintained by the clients with United Finance. Balance of this account is used to adjust interest and other charges incurred by distributor finance facility on a daily basis. It is mentionable that we do not capitalize interest with principal.

IADA limit is determined as per prevailing schedule of fees and charges of United Finance. When IADA balance is below required limit, it will be automatically refilled from your payment.

No, we do not provide interest on IADA balance because interest and other charges of your distributor finance facility is adjusted from IADA on daily basis.

We will notify free limit to you at the end of each week through SMS.

If you are interested to add new supplier or limit enhancement or loan statement, you simply inform our Service Executive. He/She will take necessary steps.

If you require fund, just SMS to us but in case of other service requirement just inform the Service Executive assigned to you.

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