JAKARTA: HSBC Indonesia has launched an import credit facility for mostly small and medium enterprises.
Senior vice president for trade and supply chain Vincent C. Sugianto said Express DC was available with a cash collateral of between 25 percent to 35 percent, and a maximum credit line of US$250,000.
"Our target market for the product is small and medium enterprises customers as we want to support their needs for import facilities while understanding their constraints of providing sophisticated financial backing and collateral," he said.
He said the process to obtain such facility would take no more than five business days. -- JP
Find Article by Date