Advances on goods

Do you need to store raw materials or finished products for the proper functioning of your business? Do you need to benefit from a cash advance to build up this inventory?

BANK OF AFRICA offer the Advances on Goods (ASM), a cash advance intended to provide industrial or commercial companies with additional funds, in the form of advances, necessary to finance their raw materials or finished products storage requirements.

Repayment loan depending on the disposal of your inventory, maximum over one year, this financing can cover up to 80% of the value of your stock of goods

3 key benefits

Ideal complement to your cash flow requirements, this cash advance by BANK OF AFRICA guarantees you support for the proper functioning of your business. You can thus finance the purchase of raw materials or finished products and optimise your cash flow and inventory management. You can repay according to the terms previously defined or make an early repayment if you have sold all your inventory.

Financing up to 80% of the amount of your stock of goods
Optimisation of your cash flow and inventory management
A reimbursement of the advance following the disposal of your stock

Your questions, our answers

Any company that is a BANK OF AFRICA customer and has an activity requiring to build up stocks of raw materials or finished products can claim this cash advance. It is necessary to have a stock appraised by an expert body, semi-annually, with a certain market value in the short term (less than a year).

The term of the advance on goods expires when the stock, which is the subject of the financing, runs out, generally not exceeding one year. The interest rate can be fixed or variable and the reimbursement can be made monthly, quarterly, by four months periods, or In fine. The release can be done in several times depending on the purchase of the goods provided for in the contract.

Please contact your BANK OF AFRICA customer advisor or contact the customer relations center on 08 01 00 81 00 in order to get answers to your questions.