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The short-term cash loan

is a loan facility designed for: 

 

  • paying current urgent obligations (supply of raw materials, other materials, fuel, energy, taxes, current fees and other current operations);
  • financing stocks (especially for companies with seasonal activity or a long cycle of manufacture);
  • refinancing working capital loan facilities from other banking institutions (plus any associated fees and interests).

 

What are the advantages of this product?  

otp bank

It ensures the continuity of current business; 

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It streamlines payments to the budget, suppliers, etc.

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It allows you to respond promptly to the growth rate of sales.

How does the short-term cash loan work?

  • This non-revolving facility may be used in one or more instalments consistent with the intended purpose, while the reimbursed amounts may not be used again;
  • The financing period may not exceed 12 months and the loan is reimbursed in instalments or in full upon maturity;
  • The financing may be granted in various currencies, usually consistent with the currency in which the company must make payments.