Trade Finance
Letters of credit, guarantees and collections for importers and exporters.
Business banking
Get paid today for the invoices due next quarter
Revolving credit lines and invoice finance for distributors whose customers pay in 60 or 90 days, so you can take the next big order.
Applications are not possible: this is a fictional test website.
Key benefits
Pay only for what you use
Interest is charged only on the amount you draw, not the full limit.
Invoices into cash
Receive up to 80% of an approved invoice's value straight away.
Limits that grow with you
Lines from JOD 20,000 up to JOD 1,000,000, reviewed every year.
Buy stock before the season
Stock up ahead of Ramadan, back-to-school or summer demand.
Who it's for
For businesses whose sales are growing faster than their cash.
- Food and consumer goods distributors supplying supermarkets
- Wholesalers selling to retailers on 60 to 90 day terms
- Contractors waiting on staged client payments
- Manufacturers buying raw materials ahead of orders
Features
- Revolving overdraft or short-term loan line
- Invoice discounting with up to 80% advance
- Drawdowns in the business app
- Annual renewal and limit review
- Security options: receivables, stock or property
- Dedicated relationship manager
Rates and figures
| Item | Detail |
|---|---|
| Credit limit | JOD 20,000 – 1,000,000 |
| Rate | Base rate + 3.00% (currently 8.50% p.a.) |
| Invoice advance | Up to 80% of invoice value |
| Review | Annually |
Subject to credit approval. Fictional figures for software testing.
Fees and charges
| Arrangement fee | 0.75% of limit (min JOD 250) |
|---|---|
| Annual renewal fee | 0.50% of limit |
| Invoice processing | JOD 5 per invoice |
| Unused limit commitment fee | 0.25% per year |
Eligibility
- Registered business trading for at least 2 years
- Audited or reviewed financial statements for the last 2 years
- Annual turnover of JOD 250,000 or more
- Business account with Lanternvale Bank
Documents you need
- Commercial registration and trade licence
- Last 2 years' financial statements
- 12 months of bank statements
- Aged debtors list and key customer contracts
How to apply
- Meet a business banker to discuss your cash cycle
- Share financial statements and debtor list
- Receive an indicative offer
- Sign facility documents and start drawing
Frequently asked questions
What is the difference between an overdraft and invoice finance?
An overdraft is a general limit. Invoice finance advances money against specific approved invoices.
How fast can I draw funds?
Once the line is set up, drawdowns reach your business account the same business day.
Do I need property as security?
Not always. Receivables and stock can support the line, depending on your size and history.
Is there a Sharia-compliant option?
Yes. Murabaha-based working capital finance is available for stock purchases.
Related products
Business Accounts
Current accounts for sole traders, partnerships and companies.
Merchant Services and POS
Card terminals, payment links and next-day settlement for shops and restaurants.
You may also like
Trade Finance
Letters of credit, guarantees and collections for importers and exporters.
All finance is subject to credit approval and facility terms. Lanternvale Bank is fictional. Figures are examples for software testing. Products would be subject to local banking regulation.