Distributor Loan
Yoma Bank’s Distributor Loans can help distribution companies solve short-term cash flow issues by providing advance payments for outstanding invoices. With a loan amount of up to three times a company’s historic monthly sales towards Yoma Bank’s Corporate Client, a Distributor Loan can help sustain the cash flow your business needs to grow.
Features and Benefits
Receive Advance Payment
Get a loan of up to three times your monthly sales based on your company's business history and outstanding invoices.
Get a loan of up to three times your monthly sales based on your company's business history and outstanding invoices.
Interest, Fees and Loan Term
| Maximum Term |
24 months (2 years) |
| Loan limit |
300million MMK (standard limit, but may apply for larger amounts) |
| Interest* | 16% per annum |
| Arrangement fee | 1-2% |
| Renewal fee | 1% |
*Interest calculated daily and charged monthly
Requirements*
- Must have a business relationship with Yoma Bank’s Corporate Client for a minimum 6 months
- Must have a minimum 1-year business operation
- Business license
- Original NRC ID card or household registration card for verification
- Receipts of revenue tax/commercial tax for the previous 1 year
*All documentation must be in the borrowers' name.
USD
