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» Distributor Financing Program
   - Prime Dealer
Prime Dealer- A Dedicated Distributor Financing Product
Prime dealer is a dealer/distributor dedicated mortgage free financing program initiated by Prime Bank to serve the distributors/dealers of large corporates across the country. Under this facility arrangement, Prime Bank is offering credit facility to fulfill the working capital requirements of the distributors of large corporates which are registered under this programmed lending for their dealers/distributors. Registered dealers/distributors of partnered corporates will enjoy collateral free MSME loan from Prime Bank along with 24/7 banking and dedicated dealer helpdesk service. Prime Dealer ensures fast, steady and convenient source of finance to fulfill the working capital needs of the distributors / dealers and will help them to accelerate the pace of their businesses.
Purpose of the Loan:
To support working capital requirement for distributorship and dealership business
Key Features:
Loan Limit: Unsecured loan up to BDT 100 Lac (depending on the nature of industry)
Financing Mode: Overdraft (Non-chequable)
Tenor: Maximum 1 year (Revolving)
Zero (0) Loan processing fee
24/7 Loan utilization opportunity via tech platform
Dealer Dedicated service point
Eligibility of Dealers/Distributors:
Micro, Small & Medium Enterprises as defined by Bangladesh Bank
Registered dealer / distributor of partnered corporates
Business Age: Minimum 03 years (supported by Trade License)
At least 01 year of direct distributorship relationship with Anchor / company
Age of the Entrepreneur:
   - Minimum 25 years (during application)
   - Maximum 65 years (during expiry)
Security:
Postdated cheques
Charge on fixed and floating assets of the company with RJSC and Firms (in case of limited company)
Personal guarantee of the borrower, a family member and 3rd Party
An undertaking from the distributor / dealer
All usual charge documents
Required Documents:
Photograph of the proprietor / Partners and guarantors
National ID of borrower and guarantors
Trade license and / or any other license (if applicable)
Rental deed of the business premises
Copy of agreement between Anchor & Distributor / Letter of Appointment as distributor
Partnership deed (in case of partnership)
Certificate of incorporation in case of Limited Company
*Bank may ask for additional documents upon requirement
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