Promissory Note Discounting

Promissory Note Discounting

Short-term financing, based on the discounting of a bond.

The duration and amount of transactions are fixed. Interest is charged according to the duration of the operation and is collected in advance on the opening date.

Characteristics

Target market

Companies and individual business owners.

Deadline

6 months, subject to renewal.

Garantees

  • Endorsement;
  • Mortgages;
  • Financial Assets;
  • Other forms of guarantees accepted by BI.

Documentation Required

  • Statement of net income of applicants and sureties/guarantors;
  • Company balance sheet for the last 3 years;
  • Updated balance sheet;
  • Copy of activity licenses
  • Salary domiciled (preferably);
  • Updated identification document:
               ID for resident individuals;
               Business registration certificate for companies.

Advantages

  • Simplicity and speed in obtaining credit;
  • Possibility of reform.