ZT- Short Term Financing for a General Wholesale Trader

Short Term Financing for a General Wholesale Trader
MintGrade Rating: B　(Very Good　Credit Quality)
Borrower:　The borrower is a general wholesale trader of a diverse range of products with a distribution network of over 100 product lines including coconuts, charcoal and sundry products. Trades are generally done on a confirmed basis. Payment by the buyer shall be TT against Documents. This is the 14th Loan Request by the borrower. The first 11　were repaid ahead of time while 2　remain outstanding with maturity dates of 4th April 2019 and 22nd April 2019　respectively. Debt service coverage ratio in the month of repayment is projected　to be more than 5　times.
Loan Size: S$105,000
Tenor: 3　months
Gross Interest Rate p.a.: 14.00%
Net Interest Rate p.a. (after Members' Service Fee): 11.90%
Minimum Investment Amount: S$100
Incremental Investment Amount: S$50
Maximum Investment per Offer: S$3,000
Repayment Type: One time payment
Ultimate Source of Repayment: Sales from customers
We encourage you　to read the Loan Request Fact Sheet prior to making any offer to participate in the Loan Request. Please note that this document is private and confidential, provided　only to　the Member　and must not be forwarded to another person pursuant to　advertising guidelines set out by the Monetary Authority of Singapore.