Campaign Credit

The campaign credit allows for short-term financing of the needs of a company's long stock operating cycle. The bank grants advances to the company within a ceiling and a duration, in return for compensation.

It is intended for companies whose activities are seasonal. This notably includes agricultural activities with highly concentrated sales periods.

ADVANTAGES

• It allows for financing of significant amounts while waiting for the first sales.
• It secures the cash flow of a seasonal business throughout the duration of its operating cycle.
• The company only incurs fees on the amounts actually used and will repay with its receipts.

CHARACTERISTICS

• Rate: It varies between 7% and 9%
• Duration: Generally, it is set for 03 months (90 days)
• Amount: Min 500 million; Max 4 billion
• Repayment: Settlement of outstanding amounts and interest at maturity
• Documents to provide:
  
  • Campaign point
  • Campaign forecast
  • Consulting agreement
  • Balance sheet of the last 03 years of operation
• Guarantees: Goods stock pledge; Autonomous guarantee from the parent company mortgage; Shareholders' CPS; bank guarantee.