Operating credit
What is it ?
The BDL Operating Credit supports companies to meet their cash flow needs.
Types of operating Credit
Credit Amount
The amount of credit is determined according to the needs of the company, its indebtedness and especially its commercial performance.
Credit period
Credit file processing time
After completion of all the required documents and from the introduction of the request, the bank will provide a response to customers within a maximum of 30 days.
FAQ
The direct operating credit is intended to finance the operating cycle for a production company and the operating needs for a commercial company "stocks, trade receivables...".
The bank can offer another form of credit without disbursement which is the credit by signature, it results in guarantees and endorsements.
The bank can offer another form of credit without disbursement which is the credit by signature, it results in guarantees and endorsements.
The credit we grant to you may take the form of cash credit and/or signature credit:
Direct credits or by cash:
1. Trade discount;
2. Overdraft facility;
3. Discovered;
4. Campaign Credit;
5. Advance on invoices;
6. Advance on securities;
7. Advance on delegation of public contracts ….
Indirect credits or by signature :
1. Downstream;
2. Customs guarantees,
3. Market guarantees (auctions, lump-sum advance or on supply, etc.);
4. Documentary credits (import-export).).
Direct credits or by cash:
1. Trade discount;
2. Overdraft facility;
3. Discovered;
4. Campaign Credit;
5. Advance on invoices;
6. Advance on securities;
7. Advance on delegation of public contracts ….
Indirect credits or by signature :
1. Downstream;
2. Customs guarantees,
3. Market guarantees (auctions, lump-sum advance or on supply, etc.);
4. Documentary credits (import-export).).
The maximum repayment period of the operating credit is 24 months.
Bank credits are remunerated on the basis of a pricing set periodically by the bank.
Currently the interest rate for operating credits is 8.5% per year for direct credits.
Currently the interest rate for operating credits is 8.5% per year for direct credits.
The amount of credit is determined according to the needs of the company, its debt capacity and especially its commercial performance. It is determined on the basis of a presentation of an annual cash flow statement showing monthly needs..
The guarantees relating to operating credits which you can present to the bank are:
1. Mortgage of real estate, pledge of cash vouchers or term deposits;
2. The joint surety of the partners;
3. The surety of a solvent third party;
4. Pledge of public contracts;
5. Insurance;
6. Pledge of national loan securities for economic growth.
1. Mortgage of real estate, pledge of cash vouchers or term deposits;
2. The joint surety of the partners;
3. The surety of a solvent third party;
4. Pledge of public contracts;
5. Insurance;
6. Pledge of national loan securities for economic growth.
The BDL can grant you an operating Credit You are requested to come to one of our BDL branches with the following file (in triplicate):
A written request from the company, specifying the nature of the credit requested, its amount, its duration, its purpose and finally any guarantees offered. This request must be signed by the person authorized to bind the company.
The administrative and legal documents, below:
1. Legalized true copy of the trade register;
2. Legalized copy of the articles of association for companies;
3. Minutes of the general meeting of shareholders by which the manager or the general manager of the company is authorized to contract loans if this provision is not provided for in the articles of association;
4. Legalized true copy of the official announcements bulletin;
5. Authenticated copy of the deed of ownership or rental lease of the premises hosting the activity.
The accounting and financial documents, below:
1. The last three balance sheets and annexes for the closed financial years, when it is a first request for credit, these balance sheets must be accompanied by the report of the auditor and the resolution of the shareholders' meeting for the SPAs and SARLs;
2. Recent accounting situation – balance sheet and appendices of a last financial year for the renewal of credit file;
3. Auditor's report;
4. Opening balance sheet and closing forecast, for companies in the start-up phase;
5. Cash flow plan for the year;
6. A fact sheet per market for building and public works companies;
7. A financing plan by market and a consolidated one for building and public works companies;
8. A progress report for building and public works companies;
9. A certificate of qualification and professional classification for building and public works companies.
10. Markets, contracts or agreements in progress or being awarded.
The fiscal and parafiscal documents, below:
1. Notice of assessmentless than three "03" months old;
2. Recent parafiscal certificate of less than three "03" months;
3. Tax and social debt repayment schedule;
4. Certificate of non-taxation for new business, if applicable;
5. Any other documents that could support your request (Professional experience, etc..).
A written request from the company, specifying the nature of the credit requested, its amount, its duration, its purpose and finally any guarantees offered. This request must be signed by the person authorized to bind the company.
The administrative and legal documents, below:
1. Legalized true copy of the trade register;
2. Legalized copy of the articles of association for companies;
3. Minutes of the general meeting of shareholders by which the manager or the general manager of the company is authorized to contract loans if this provision is not provided for in the articles of association;
4. Legalized true copy of the official announcements bulletin;
5. Authenticated copy of the deed of ownership or rental lease of the premises hosting the activity.
The accounting and financial documents, below:
1. The last three balance sheets and annexes for the closed financial years, when it is a first request for credit, these balance sheets must be accompanied by the report of the auditor and the resolution of the shareholders' meeting for the SPAs and SARLs;
2. Recent accounting situation – balance sheet and appendices of a last financial year for the renewal of credit file;
3. Auditor's report;
4. Opening balance sheet and closing forecast, for companies in the start-up phase;
5. Cash flow plan for the year;
6. A fact sheet per market for building and public works companies;
7. A financing plan by market and a consolidated one for building and public works companies;
8. A progress report for building and public works companies;
9. A certificate of qualification and professional classification for building and public works companies.
10. Markets, contracts or agreements in progress or being awarded.
The fiscal and parafiscal documents, below:
1. Notice of assessmentless than three "03" months old;
2. Recent parafiscal certificate of less than three "03" months;
3. Tax and social debt repayment schedule;
4. Certificate of non-taxation for new business, if applicable;
5. Any other documents that could support your request (Professional experience, etc..).
The Bank may require any conditions guaranteeing the use of credit with strict operating expenses.
Subject to the completeness of all the required documents and from the introduction of the request, the bank will provide a response to customers within a maximum of 30 days.