Working Capital Solution
We offer tailored working capital facilities which are structured to your given specific requirements be it to improve liquidity, cost efficiency & inventory or receivable financing.
Advances against goods are allowed to manufacturers and producers for their requirements of raw materials, etc. The purpose of this loan is to facilitate the borrower to hold on to the goods for a short period, by creating a pledge in favor of the Bank. This is a type of account where the credit is for a specified period of time, generally for one year and release of goods are allowed any number of times during the currency of the limit, within the limit/Drawing power.
Samba’s Running Finance facility will enable your business to fund its short term business needs, be it procuring raw material or financing operational expenses. Our team will work out the most suitable arrangement for your business, allowing you to focus on making strategic business decisions.
A bridge loan is a short-term loan used until a company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow. Samba offers these short term loans up to one year at competitive market rates.
Finance Against Trust Receipt
Trust Receipt (TR) is a type of short-term import loan to provide the buyer with financing to settle goods imported under Letter of Credit where title of goods is held by the bank. TR financing is applicable to goods imported under documentary credit.
Finance Against Imported Merchandise
This is a short term loan extended to an importer for the retirement of the LC at Sight against pledge of imported merchandise. Imported merchandise is stored in a warehouse under the custodianship of the bank. The customer deposits the required or desired amount at the bank’s counter and obtains delivery order of pledged goods there-against.