Foreing Currency Loans

TradeBank offers Foreign Currency Loans tailored to meet the needs of businesses engaged in international trade. These loans provide flexible financing options in various currencies, allowing you to manage your global transactions efficiently and minimize exchange rate risks. Whether you need to finance imports, exports, or other international operations, our foreign currency loans help you maintain liquidity and optimize your working capital, supporting your business's growth in the global market.

Documentation Required for Foreign Currency Loans:

1. Loan Application Form: Completed and signed application detailing the loan amount, purpose, and preferred currency.

2. Company Registration Documents: Copies of the company’s articles of incorporation and registration with relevant authorities.

3. Financial Statements: Audited financial statements for the last two years, including balance sheets and income statements.

4. Cash Flow Projections: Detailed projections showing how the foreign currency loan will impact your cash flow.

5. Tax Compliance: Proof of tax registration and compliance, such as VAT number and tax clearance certificate.

6. Bank References: Letters from banks confirming your creditworthiness and financial stability.

7. Trade Contracts or Invoices: Copies of trade agreements, purchase orders, or invoices related to the international transaction.

8. Proof of Foreign Exchange Exposure: Documentation showing the need for foreign currency financing, such as contracts denominated in a foreign currency.

9. Collateral Documentation: Details and documentation of any collateral offered for the loan, including property or other assets.

10. Personal Identification: Copies of ID documents for company directors and shareholders.

11. Business Plan: A brief plan outlining the intended use of the loan and how it will support your international trade activities.

12. Insurance Policies: Relevant insurance coverage for the goods or services being financed, if applicable.

13. Currency Risk Management Plan: A plan outlining how the company intends to manage currency exchange risks associated with the loan.

This documentation ensures that TradeBank can thoroughly assess your financial situation and the associated risks, providing you with the appropriate foreign currency loan tailored to your business needs.