Import Finance

The Sterling Bank Import Finance Facility provides financing to importers specifically towards the importation of industrial goods, raw materials and consumer products.

Features/Benefits

  • It is available to corporate customers, multilateral corporations and companies.
  • Tenor usually ranges from 30 to 180 days per tranche and the ultimate maturity is usually for one year or less.
  • A 20% minimum equity contribution is required from the customer
  • The goods to be imported must be insured under a Clause “A” Insurance from a reputable company