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Current liquidity financing

Current liquidity financing

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Ensure the current liquidity financing of your business through the current liquidity financing business loan offered by ARARATBANK.

Specifically:

  • Repay accounts payable generated due to acquisition of working capital of your business.
  • Acquire working capital.
  • Perform tax and customs duties.
  • And not only.
  • Period

    540 days

  • Currency

    USD, Euro

Terms and conditions
Purpose of loan Repayment of accounts payable emerged due to the acquisition of working assets, acquisition of working assets, fulfillment of tax and customs obligations 
Lending Non-cash, Cash 
Loan currency USD, Euro  
Loan term Up to 540 days 
Period Annual interest rate  
USD Euro
Up to 180 days 7.00% 5.50%
181-270 days 7.25% 5.75%
271-365 days 7.50% 6.00%
366-460 days 8.00% 6.25%
461-540 days  8.25%  6.50%
Type of interest accrual On the loan balance, accepting year as 360 days
Type of loan and interest repayment Annuity - each month evenly repaid amount, which includes both the loan and the interest amount. Even amortization - even principal repayments each month, gradually reducing interest amounts calculated over the reducing loan balance.
Loan collateral Movable or immovable property. Collateral evaluation is made and rates are set by the independent licensed evaluating companies.
Penalty on past-due interest  0.07% daily
Penalty on past-due principle    0.06% daily
Commission fee where early repayment charge is not applied 0.25% of the loan amount  
Commission fee to make and maintain the loan package(to be charged from loan amount) Foreign currency equivalent to up to AMD 20 000 000 :
1% 
Minimum AMD 30 000
Maximum AMD 70 000
Foreign currency equivalent to up to AMD 20 000 001-100 000 000:
1% 
Minimum AMD 70 000
Maximum AMD 200 000
Foreign currency equivalent to the amount more than AMD 100 000 000:
1% 
Minimum AMD 200 000 
Maximum AMD 300 000
Required Documents

DOCUMENTS REQUIRED FOR THE ANALYSIS OF THE LEGAL STATUS AND FINANCIAL POSITION

  1. Loan application;
  2. Decision of the authorised body on loan disbursement and pledge of property;
  3. Copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code;
  4. Statement issued by State registry on the amendments to the Charter, director and shareholders, including a statement issued by Central Depository (registry keeper) for open joint stock company and a statement issued by shareholder registry keeper for closed joint stock company;
  5. Copies of the passport and social security card of Director and the shareholders with a stake exceeding 25%;
  6. Written declaration on owners, shareholders and affiliated persons — first and last names (title), business and legal addresses, all types of entrepreneurial activity. In the sense of the present procedure, persons stipulated by Article 8 of the Law of the Republic of Armenia "On Banks and Banking" shall be considered related persons.
  7. Copies of the required documents enabling to carry out activity in the given field, such as licenses, certificates ,
  8. Statement issued by territorial tax inspectorate on outstanding liabilities towards budget (upon request);
  9. Statement on accounts receivable and accounts payable (detailed breakdown thereof upon request);
  10. List of fixed assets with balance value, balance of inventory, such as raw material, other materials and finished products (upon request);
  11. Financial statements for the previous reporting period, VAT, social payments, income tax;
  12. Statements on the turnover of bank account within the past 12 months upon availability of accounts in other banks;
  13. Effective contracts and agreements on sale, supply, lease etc., as well as invoices for import and export
  1. The most recent inspection act by territorial tax inspectorate or auditor opinion (upon request).

IN CASE REAL PROPERTY IS PLEDGED

  1. Ownership certificate (original);
  2. Grounding document on the right of ownership (upon request);
  3. In case pledging the property of a third party, copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code and decision of the authorised body on pledge of property;
  4. Statement issued by territorial subdivision of the State Committee of Real Estate Cadastre under the Government of the Republic of Armenia regarding restrictions on the property to be pledged (such statement shall be provided upon positive lending decision);
  5. Appraisal report made by a person holding a respective

IN CASE OTHER COLLATERAL IS PLEDGED

  1. List of property, by specifying the unit of measure, quantity, balance sheet value and acquisition documents;
  2. In case of the vehicle, vehicle registration document and certificate of title (original copy);
  3. In case pledging the property of a third party, copies of founding documents — Charter with all amendments and supplements to be made thereto, State registration certificate with its inserts, including the insert on the information about director of the company, tax code and decision of the authorised body on pledge of property;
  4. Appraisal report made by a person holding a respective license (upon request).

OTHER ADDITIONAL DOCUMENTS THE NECESSITY OF WHICH IS DETERMINED BY THE BANK

  1. The Bank may require to have the loan security insured against the risks of loss and damage and submit necessary documents related thereto;
  2. Other additional documents upon

LIST OF REQUIRED DOCUMENTS FROM REPEATED BORROWERS WITHIN THE FRAMEWORK OF MASTER LOAN CONTRACT

  1. Loan application;
  2. Decision of the authorised body on loan disbursement and pledge of property;
  3. Statement by the borrower on amendments to the Charter, Director and shareholders;
  4. Statement on accounts receivable and accounts payable (upon request);
  5. Financial statements for the previous reporting period, VAT, social payments, income tax

Other additional documents upon

A customer must submit original copies of the documents above or duly verified copies thereof.

Important to know
  • Loan decision is made within 3 business days after the loan application has been submitted, if the loan amount does not exceed foreign currency equivalent to AMD 20,000,000․ Decision on loan disbursement in foreign currency equivalent to up to AMD 100․000․000 is made within 5 business day. Decision on loan disbursement in foreign currency equivalent to more than AMD 100․000․000 is made within 15 business days.
  • After the authorized body has made a decision on the loan the borrower shall be notified about it within one day. The required documents shall be collected and the loan shall be disbursed within 10 business days if the loan amount in foreign currency totals up to AMD 100․000․000 equivalent currency and within 15 business days if the loan amount in foreign currency exceeds AMD 100․000․000 equivalent currency. If the loan is not disbursed within the mentioned period the decision made by the authorized body shall be deemed as void and shall be presented to the authorized body for a second discussion in case the loan application is subject to review.
  • In case the loan is extended in US dollars, changes in foreign currency exchange rate may influence the loan repayme

Appraisal companies cooperating with the Bank. 

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Financial assistant
ABC finance

Page updated 05.03.2019 | 15:33

In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.