This is a borrowing facility availed to a business enterprise to finance its working capital requirements or major capital expenditures. The short-term loans are granted for a period of up to 12 months whilst the medium-term will be a period ranging from 12- 26 months.

This is a line of credit that allows a customer to cover their transactions in the event that the bank balance goes beyond zero. The overdraft limit is agreed upon beforehand.

This is an agreement by the bank (guarantor) to pay a set amount to another bank or lender if a bank customer (principal) defaults on a payment. The bank can issue payment guarantees, bid bonds, performance bonds, or advancement payment guarantees.

This is a trade finance facility that is meant to protect both exporters and importers. It is a document that guarantees the buyer’s payment to the sellers.

Invoice discounting is a facility that allows businesses to receive immediate cash flow by selling their unpaid invoices to a third-party finance provider. The bank will typically advance up to 90% of the invoice value, with the remaining balance paid once the customer has settled the invoice. This service is particularly useful for businesses that have long payment terms or struggle with cash flow.

This is a facility that assists a customer fulfil single or multiple large orders without having to use their capital. AFC stands to assist businesses that lack the funds to purchase the materials needed to fulfil large orders.