Advance on Contract

Financing allowing a client who has obtained a contract to have resources to be able to carry it out.

Advantages

• Availability of liquidity to execute a contract
• Respect the commitments related to the execution of a contract

Characteristics

Amount	70% of the total contract amount, with a minimum of 2 million
Duration	Renewable 4 months
Rate (excluding tax)	From 12% to 12.5%

Documentation

For setting up the line

• Headquarters location plan
• Manager's CV
• BIC form
• Solvency report to be requested from the BIC
• Patrimonial form
• Client's request
• Approved financial statements
• Treasury plan
• List of payees concerned by the requested line
• Commitment point
• Auditor's report (if legal requirement)
• Copy of the ID card of the spouse if married under community of property or supporting document if married under separation of property

For each use of the line

• Client's request expressing the need
• Copy of the registered contract
• Irrevocable domiciliation
• Expense justifications related to the execution of the contract
• Projected operating account linked to the execution of the contract
• Work execution plan
• Treasury plan over the duration of the service