Contract Financing

Contract Financing

Ajman Credit Union offers special solutions for contract financing associated with the implementation of construction contracts or other contracting of all types, where projects have been assigned from governmental or semi-governmental organizations as well as private sector, and must have been granted letters of guarantee with sufficient liquidity to finance the costs of the project.

  • Fund work in progress
  • Fast money deposit to meet urgent needs
  • Stable working capital financing

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Please complete the form below and we’ll call you as soon as possible:

Existing or New Ajman Credit Union Client *
Required existing or new client
Company / Establishment Name required
Company Identification required
Company Identification number required Invalid identification number
Turn over required
Company City required
Title is required
Requester Name required
Requester Mobile required Invalid mobile number e.g.: 966569876765
Refresh
Verification required Invalid verification code
 
Cancel
close

Our team will be glad to serve you from 9am till 4:30pm, Sunday through Thursday.

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Overview

Contract Finance from Ajman Credit Union also known as Invoice Discounting, unlocks lump sums of cash that are invoiced and are due to be paid to you. The feature is designed to provide short term finance for businesses in order to undertake and complete works, prior to actually being paid for these services.

Ajman Credit Union will loan a percentage of the invoice value and can also issue a Guarantee or Letter of Credit to a supplier once you have entered a Contract Finance agreement. As part of the agreement the invoice issuer will provide assurances, that on the completion of the contract the invoice will be paid directly to the bank.