Trade Finance

Great features

Under this facility we have the following off-the-shelf products:

Bank Guarantees : This includes all types of bank guarantees, both local and international. e.g. Bid Bonds/Tender Bonds, Performance Guarantees, Advance Payment Guarantees, Retention Bonds, Customs/Transit Bonds, Payment Guarantees and Immigration Bonds.

LPO Financing: We offer financing to our clients who have orders to provide goods or services but are limited by their cashflow.

Invoice Discounting: We discount invoices that have extended maturity dates to enable our clients to ease their cash flow constraints.

Import and Export Collections: We take care of the import and export documentation on behalf of our clients to ensure prompt payment. This method is most suitable where the contractual parties i.e. the buyer and seller trust each other.

Letters of Credit: We offer Letters of Credit thus undertaking to pay exporters/sellers on behalf of our clients (importers/buyers) provided that the stipulated terms and conditions are complied with.

Pre-shipment Financing: We provide bridging finance to exporters against an export LC or confirmed order to enable them to meet the initial costs of raw materials, production, transport and logistics.

Post-import Financing: We accommodate our clients’ post import financial needs by offsetting their import payment obligations that are still due, pending the receipt of proceeds from the sale of the imports.

*Our terms for all the products are very flexible and are at very competitive rates.

What you require to sign up

• You need to be an active account holder with Equity Bank.
• Copy of PIN certificate of the company
• Memorandum and articles of association for companies registered prior to 2015
• Copy of ID/passport for all directors
• KRA PIN certificate for all directors
• Latest annual returns and CR-12 and a filing receipt from Registrar of Companies office
• Current tax compliance certificate
• Board of Directors resolution to borrow & pledge security duly sealed
• Submit your loan purpose for financing business working capital and operational needs
• Submit your loan application within a reasonable time.
• Clearly demonstrate the existence of other sources of income that could be used for loan repayment.

• Letter Of Credit
• Bank Guarantee

Why you should sign up for this product

• The products are tailored to support the specific needs of the business.
• Negotiated legal fees
• Valuation services and competitive commitment and entry fees.
• Negotiated Insurance premiums
• Advisory and business development services are also inclusive.

Complaints Handling Process

• Lodge complaint at any of our branches, via call center, info@equitybank.co.ke or website: https://equitygroupholdings.com/ke/ We will record your feedback and issue you with a reference number.
• We will acknowledge you feedback within 48hours.
• If we cannot resolve the complaint immediately, we will advise on the next cause of action and when to expect feedback from us.
• We will endeavor to resolve the complaint within 7 working days. However, should we require more time to it, we will keep you updated with progress every 7 days until the complaint is resolved.
• Should the resolution not meet your satisfaction, feel free to get back to us with your concerns and we will review the issue and resolution and revert back to you.

Rights and Obligations

• T & Cs of loan facility are detailed on the offer letter.
• Customer data privacy policy is included in the offer letter.
• The rights and obligations of the borrower are detailed in the offer letter.