This service is a credit facility that caters specifically to individual borrowers. Loans can be extended via the following products:
- Receivable Discounting – is a form of short-term borrowing which your company can use to improve your working capital and cash flow position. The facility allows your business to draw money against its receivables before your customer. Acceptable receivables for discounting are as follows:
- ISSUED POST DATED CHECKS (Corporate checks)
- OUTSTANDING INVOICE/BILLINGS
- Direct Loans – is a mode of extending credit to borrowers against the latter’s acceptable assets to be used as collateral subject to valuation estimates made by UFII e.g. real estate and chattel mortgage.