Advance on Purchase Order

Advance on purchase order is a financing requested by a client in order to enable them to fulfill an order.

Advantages

  • Obtain liquidity easily to finance an order
  • Compliance with commitments related to the execution of an order

    • Characteristics

    Maximum amount (million FCFA)

    70% of the total TTC amount of the contract, with a minimum of 2 million

    Repayment period

    Renewable 4 months

    Interest rate (excluding taxes)

    12%

    Documentation

    For the establishment of the line

    • Headquarter location plan
    • CV of the manager
    • BIC form
    • Solvency report to be requested from BIC
    • Heritage form
    • Client request
    • Visa financial statements
    • Cash flow plan
    • List of payees concerned by the requested line
    • Commitment point
    • Report from the Auditor (if required by law)
    • Copy of the ID card of the spouse if married under community property or justifying document if married under separate property

    For each use of the line

    • Draw request made by the client
    • Projected operating account linked to the order
    • Copy of the purchase order
    • Pro forma invoice