CB Bank announces distributor financing for distribution firms’ outstanding payables

CB Bank announced on 8 February that distribution companies can apply distributor financing short-term loans for paying off payable outstandings to businesses that are connected with CB.
Requirements for applying for the loan are – they must be official distributors of CB’s corporate client, have at least two years of operation and have a recommendation from a respective corporate company, have a proven satisfactory track record of business and payment performance and have a company licence or a business licence.
Distributor financing allows the loan duration to extend for 90 days, extends the term of payable outstanding, helps the cash flow and goods flow better and has an advantage in the market.
For more details about distributor financing, call 09 405149685 to the Supply Chain Finance Department during office hours or CB Bank contact centre 01 2317770, which is open 24/7. — MT/ZS