With the Warrant, which is a pledge slip delivered by state-approved General Stores when your goods are deposited, BANK OF AFRICA offers you a cash advance that can reach 80% of the value of the deposited goods, and up to 100% in some cases. The reimbursement of the loan thus granted is linked to your company's sales.
In certain cases, for products and materials featured on a list established by the administration, the goods may be pledged without dispossession.
You take advantage of your stock of goods to find additional financing to relieve the burden on your cash flow.
With the Warrant advance, BANK OF AFRICA grants you a new credit line to improve your cash flow as collateral for your stock of goods. You then reimburse as your goods are sold.
Any company that is a BANK OF AFRICA customer and has a stock of goods can claim this cash advance.
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.