Finance your contracts with SPOT Loan
Specific contracts require specific finance tools to help you manage your company’s cashflow and maximize profits.
TEB has created a unique source of working capital specifically designed for companies that engage in short-term contracts – the TEB SPOT Loan.
This loan enables you to utilize the funds for supplies of goods or services while the repayment of the capital and interest is made in a single payment at the maturity date.
The maximum maturity for this type of loan is 6 months. Interest is calculated on daily basis on the outstanding amount. The SPOT loan provides the unique advantage of not having to pay any principal or interest during the course of the loan as repayment is made only after the specific contract has been completed and paid for by your customer or supplier.
If you would like to know more about TEB’s Spot Loans, why not visit one of our branches and discuss your needs with a portfolio officer.