What is it?
Financing for Service & Supply Contracts is a comprehensive range of solutions designed to support businesses with their needs related to public and private procurement.
It includes:
- Guarantees: bid bonds, performance bonds, advance payment bonds, retention bonds.
- Direct commitments: advances on contracts or purchase orders, advances on invoices or certified statements of account.
With these solutions, you have the necessary financial resources to fulfill your commitments under tenders, purchase orders, or contracts awarded by institutions and large companies.
Advantages
With the Financing of Service & Supply Contracts range, you benefit from:
1
Lead Time
Reduced timelines for issuing guarantees and processing financing applications.2
Flexibility
An extended level of commitment, adapted to the size and ambitions of your company.3
Attractive Pricing
Competitive and adjustable pricing conditions based on your capacity.4
Speed
A fast processing procedure to execute your projects without delay.5
Personalized Support
Tailored assistance provided by the specialized PME/PMI – BANGE Business Plus unit.6
Flexibility
The possibility to readjust conditions to optimize your financing terms.
How does it work?
How to obtain market financing?
Eligibility conditions
1. For established companies (more than 1 year):
- Have achieved a minimum annual turnover of FCFA 10 million.
- Provide certified financial statements for the last three years.
- Demonstrate at least 2 years of experience in the relevant sector, or provide technical references deemed sufficient from similar projects (execution certificates for at least 02 similar contracts, provisional acceptance reports, account statements, etc.).
- Be compliant with tax authorities.
2. For newly established companies (less than 1 year):
- Have qualified personnel to justify successful experience in similar projects (supervision or execution).
- Be compliant with tax authorities.
- Have a complete account opening file in accordance with the submission date.
Why choose BANGE BANK BENIN?
- With market financing and guarantees, you access a flexible and suitable solution that helps secure your commitments with partners while strengthening your company’s credibility.