Only existing Factoring client is entitled for Term Loan/Lease Loan (Vendor Payment)/Sale and Lease Back/Auto Lease (Disbursement of Auto Loan will be made to the vendor)/Short Term Revolving Loan/BB Stimulus loan
Up to three (03) months from the date of sanction (and after three months, consent of one-step higher than approver authority will be required with consultation of CRM).
Sales per month
Unsecured: Average sales per month will be BDT 2.50 Million with 6 months Factoring performance.
Up to BDT 5.00 Million: Average sales per month will be BDT 3.50 Million with 6 months Factoring performance.
What are the Eligibilities
Age of Proprietor/Partners/ Key Person(s) of Limited Company
20 years to 65 years at the time of application [To be supported by National ID Card/Passport or any other identity documents issued by any government authority.
Age of the Business with Factoring
2 Minimum business age as Factoring client should be 1 year with LBFL. However, in the case of takeover from other banks/FIs with Factoring facility less than one (1) year may be considered given proper justification in Place and Management consent
Business Experience of Proprietor/ Partners/ Key Person(s) of Limited Company
Minimum 12 months of experience in the same line of business.
Credit Limit Cap
Minimum BDT 1.00 Million to Maximum BDT 10.00 Million
Unsecured: BDT 1.50 Million considering Factoring performance for existing client
For the credit limit above BDT 1.50 Million, 35% TDR or BDT 0.20 Million whichever is higher has to be deposited for the incremental credit limit.