Work Order Financing

Work Order Financing is one kind of Short Term Financing Facility. It is a pre-delivery Financing Facility, whereby after receiving the Purchase Order / Work Order from the designated buyer, the client submits a copy of the same to MFIL and receives a certain percentage of the Work Order value as advance to complete the work

MFIL’s work-order Financing facility is available to many industries that provides services or deliver products to corporate entities including different corporations, autonomous bodies and multinational companies etcetera. Our Work order financing facilitates the client requirement or deadlines specified in the work order

Eligibility

  • Your business must sell to a renowned buyer on a regular basis
  • Having multiple institutional buyers/ debtors is even better
  • Monthly business turnover minimum BDT 4.00 million
  • Subject to clean CIB report from Bangladesh Bank

Benefits:

  • Simple documentation and approval procedures
  • Maximum Financing facility against Work Order
  • Time to time disbursement
  • Increase purchasing power of suppliers/Service Providers
  • Stable source of working capital finance
  • Growing sales and higher profitability
  • Improve cash flow of the business
  • Optimize current business portfolio

Required Documents:

  • Valid Trade License
  • TIN Certificate
  • Updated asset report / updated stock/Inventory report
  • Bank Statement for last 1year
  • Sales data for last 1 year
  • Copy of Utility bill
  • Rental deed copy
  • Land Documents (if applicable)