As your business partner, Sterling Bank of Asia offers a variety of business loan products to answer the demands and requirements of your company in its growth or expansion phase. Explore our products below or get a recommendation from our experienced relationship managers.
A loan for one year or less to finance the company’s working capital requirements such as receivables and inventory.
It is a contingent loan used to guarantee the borrower’s performance to a third-party beneficiary on a domestic contract obligation.
A loan versus the post-dated checks issued by the borrower’s customers.
A loan for more than one year normally between five to seven years that is used to finance the company’s capital expenditures.
A loan extended to real estate developers. It is used to develop real estate property, which includes not just construction of the improvements, but also excavation work and infrastructure.
A loan facility similar to Import LC however the supplier is in the country.
LC is a contingent loan used to guarantee payment to foreign suppliers. Basically, an LC gives the seller (foreign supplier) assurance that he will receive the payment for the goods he shipped.
Once LC is negotiated, the importer’s bank pays the seller. Then an LC becomes a TR, wherein the borrower (importer) gets the delivery of imported goods but ownership, at least on paper, retains with the bank.
It provides day-to-day liquidity via the purchase of dated checks without waiting for clearing time.
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