| Description: |
The Export-Import Bank of Trinidad and Tobago Limited (EXIMBANK) offers a local discounting facility to provide short-term financing to local manufacturers, distributors and service providers. Businesses receive financing in the form of a loan for 90% of the invoice value of local sales, which must be repaid from the assigned proceeds of payments from buyers. The timeframe for processing an application can vary from two working days to two weeks, depending on a number of variables including the number of approving authorities and the availability of documentary requirements such as financial statements. |
