Working Capital Finance

Overdraft

We offer working capital solutions in the form of overdrafts in Omani Rials on a revolving basis for a defined period of time to help businesses finance the day-to-day operations.

Advance Against Trust Receipt

BankMuscat also offers advance against Trust Receipts. A sum of money is advanced for a pre-agreed tenor for the sole purpose of financing payments to be made by the customer covering purchase of goods either under a letter of credit established through us or by way of documents received on collection without a letter of credit. The documents negotiated under the letters of credit or documents received on collection are then released to the customer against his signed Trust Receipt and promissory note. The advance is repayable in whole or in part, as and when the customer collects sale proceeds.

Bills Discounting

At BankMuscat, with Bill Discounting, we can turn a large percentage of your credit sales into immediate cash on a confidential basis. BankMuscat advances a sum of money for a pre-agreed tenor against monies receivable by the customer at a later date on account of transactions of business activities he is engaged in. The advance is made against a promissory note signed by the customer and copies of documents evidencing monies due to him at a later date, i.e. progress certificate, Bill of Exchange raised and accepted, invoice etc.

The receivable must be irrevocably assigned in favour of the Bank, supported by written undertaking from the person/entity from whom the receivable is due.

Advances Against Receivables

We advance a sum of money for a pre-agreed tenor, against money receivable by the customer at a later date on account of business transactions. The advance is made against a promissory note signed by you as a customer and copies of documents evidencing money due to you at a later date, i.e. progress certificate, invoice, etc. The receivable must be irrevocably assigned in favour of the Bank supported by written undertaking from the person/entity from whom the receivable is due.

Term Loans

Our team can understand your business and provide flexible solutions based on your specific requirements to protect your business cash flow, help your business increase its working capital, expand, diversify, buy new fixed assets, businesses and acquire new property or technology. Our Business Loans comes with attractive interest, money-saving features such as daily interest calculations, and complete flexibility, so that you get the financial solution that best meets your requirements. Term loans are offered in Rial Omani and other major foreign currencies for capital asset acquisitions, long term working capital or any other stated purchase, in both fixed or floating interest basis.

Contract Finance

With its leading position in the Omani corporate finance sector and its domination in contract financing for most projects in the country, BankMuscat utilises this opportunity to track upcoming projects and finance them. The Bank also provides a non-revolving facility for a specifically stated commercial transaction or a contracting operation based on merits of the underlying project or commercial transaction. Every financial package is specially structured for execution of contracts to suit contract cash flows. This financing is usually done against assignment of contract receivables and may also include financing for purchase of equipment required for contract execution.

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