LPO Financing

Many times your business does not have ready cash to service awarded jobs or contracts awarded in local purchase orders (LPOs) or local supply orders (LSOs) and contracts. It is therefore of importance to have readily available workig capital and a steady cash flow to take advantage of new opportunities to grow your business. LPO financing enables contractors and vendors for government, reputable companies, institutions and other organizations have financial capability to execute the awarded jobs/contracts with ease and on time.

Benefits:

  • Immediate access to the proceeds of sales
  • Simple operational procedures
  • Cheaper additional working capital
  • Simplified security requirements

Key Features:

  • The product has a maximum tenor of 90 days depending on the term of the LPO
  • Flexible security requirement depending on the integrity of the drawee and the tenor
  • Maximum discount amount 70% of LPO value
  • The facility is self-liquidating