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Supply Chain Finance

Our Supply chain finance service is designed to provide organisations with a solution for payment to suppliers.

Invoice discounting

The Invoice Discounting Credit Program (“IDCP”) provides working capital financing in respect of contracts performed or services rendered by customers who are vendors of selected private & public sector principals.


Forfaiting

Forfaiting is available for our clients who want to meet their medium/long term trade financing requirements. It involves the discounting of future payment obligations on a non-recourse basis.


Payables Financing

This product is designed to provide organizations with a solution for making  payment to suppliers and vendors for completed contracts as evidenced by accepted invoices.

Features

  • It is disbursed as a short-term loan with each tranche having a maximum tenor of 60 days.

Benefits

  • Easy access to financing at cheaper rates

Factoring

Factoring can be used to meet the short term financing requirements of our clients through the sale of receivables/accepted invoices for a discounted amount without recourse.


Contract Finance

Developed to encourage the development of small and medium sized enterprises in the country through the provision of competitively priced loans.

Features

  • Contract finance facility (available as Import Finance Facility/Term loan/Bonds and Guarantees line/OD/Invoice Discounting/Supply Chain Finance).

Benefits

  • Easy access to financing at cheaper rates

Latest News

Access Bank to Support Education with $1.7m raised at 2022 UK Charity Polo Tournament Access Bank Joins African Natural Capital Alliance as Founding Member Access Bank Reiterates Funding for SMEs