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