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FACTORY FINANCE - MACHINE FINANCE

Machinery loan

Machinery loan is considered a type of business loan that helps startups, entrepreneurs, business owners, self-employed professionals other business entities in acquiring finance to buy new or pre-owned machinery/equipment for various business purposes. Loan for machinery purchase helps business entities in gaining more productivity while using new equipment and machinery.

Increase in the production or output results in higher profits from sales and distribution.

Interest rates offered by Banks/NBFCs for their machinery loan shall vary depending on business requirements. Let’s further discuss some of the popular providers of machinery loans

Benefits

  • It helps to buy new equipment/machinery for new or existing business
  • Used to refurbish, modify or change existing machinery/equipment
  • To repair faulty machines or equipment or to upgrade
  • Flexible loan repayment options with easy EMIs
  • Machinery loan for startups is an additional benefit for new businesses
  • Collateral-free loans from selected NBFCs, Small Finance Banks (SFBs), etc.

How it Works?

With a vast experience in making businesses take a leap towards their success, we strive to make the process as simple and smooth for our clients as possible.

  • Schedule a free appointment by giving us call or fill the contact form
  • Our financial consultants will review your company details.
  • Submit the required documents requested during the meeting
  • We’ll start connecting your company to the financers in our network and get you a bespoke lending option tailored to your requirements.
  • We take all the effort to streamline the lending process for you so can do what you do best expand your business.

A variety of lending options are available and offered to our clients based on their requirements and eligibility.

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Corporate Finance

Corporate finance letters of credit centennial group financial advisors

The intense focus on trading within the Middle East region has led to an increased need for trade finance within the UAE. Traders are particularly needed to utilize Corporate Finance in Dubai in the event of an order that is greater than their financial capacity or when they are looking to expand. Exporters, importers, contractors, developers, manufacturers, and contractors require various kinds of trade finance to satisfy their financial requirements. The most sought-after types of Corporate finance and Letters of Credit in Dubai are listed below.

Letters of Credit

The financial institution can issue a document LC as an irrevocable commitment, which can be the safest instrument for banking accessible to traders. With the terms of an LC agreement, the banks agree to pay the beneficiary if all documents pertaining to the Corporate Finance are provided and the trader is in compliance with the conditions and terms. When executing an international trade, the exporters and importers who are part of the transaction rely on banks as intermediaries to guarantee payments and delivery of products.

Trust Receipts

Traders are often faced with an issue where they do not have enough capital to buy merchandise. In these instances, banks can extend corporate finance to them by providing the necessary funds with ownership rights reserved through an agreement for trust receipts. As per the terms of the trust receipt arrangement, the business agrees to pay the bank once it has sold the item. Trust receipts are an excellent option for dealers and distributors who are selling expensive products. Trust receipts are categorized as loan-based on assets, aligning with the principles of letters of credit.

Bank Guarantee in corporate finance

Bank guarantees are utilized in situations where two parties are bound to perform specific duties to finish the transaction. In these types of projects, each party uses the bank guarantee to demonstrate their financial stability and credibility. Bank guarantees and letters of credit help businesses reduce the risk posed by both sides of the transaction. The purpose of a contract is crucial in the facilitation of high-value transactions, emphasizing the significance of corporate finance in ensuring financial stability and reliability for all involved parties.


How it Works?

With a vast experience in making businesses take a leap towards their success, Whether navigating the realms of corporate finance or letters of credit, we strive to make the process as simple and smooth for our clients as possible.

  • Schedule a free appointment by giving us call or fill the contact form
  • Our financial consultants will review your company details.
  • Submit the required documents requested during the meeting
  • We’ll start connecting your company to the financers in our network and get you a bespoke lending option tailored to your requirements.
  • We take all the effort to streamline the lending process for you so can do what you do best expand your business.

A variety of lending options are available and offered to our clients based on their requirements and eligibility.

Contact us

We here to help in anything you need. Call us on below number.

BUSINESS BANKING

Business banking

A business requires an account at a financial institution for any type of business. Opening a business bank account in UAE is simpler than in the past and is highly recommended for businesses which are expanding. Our skilled specialists will help you through the procedure of a corporate bank account opening process without hassle.

How do I open a bank for the business account within Dubai?

If you’re in search of a bank account for your business in the UAE, then you have to satisfy certain essential prerequisites. For more information, contact Taskmaster experts who can help you through the process.

What amount of money is required to establish a business bank account?

The cost of opening a business bank account is between 50k and 500k for domestic banks. This is based entirely on the bank you’ve chosen. To learn more about the price, call us.

How fast do I get a business bank account?

If you are looking to open a business bank account opening in the UAE, typically, it can take a few weeks as the bank must keep several checks in order to verify your identity, company, and corporate managers. Get in touch with us to make the process quick and simple.

Can I utilize my personal account with a bank to conduct commercial purposes in the UAE?

If you are in need of opening a bank account for business in the UAE, You must be aware that a personal bank account cannot be used for business purposes. That means that you must form the company and establish a corporate bank account to use it.

Business Bank Account Opening

How long will it take to open a business bank account in Dubai?

The process typically takes between 2 and four weeks to open a business bank account in the UAE. But, it’s not guaranteed because every application has to be subject to internal approval and adherence by the management of the banking institution.

What are the prerequisites to establish a business bank account in the UAE?

If you’re looking to open a bank account for business in the UAE, then you need to present a number of documents like a National ID, passport copy, as well as many other documents. In addition, you need to meet the KYC requirements for opening a bank account. This is why the best method is to get in touch with Centennial Group for more information on everything you need to know about KYC requirements.

What are the steps to follow for opening a business bank account in the UAE?

When you open a bank account for your business opening in the UAE the business has to pay a minimum deposit. Each bank has their own deposit that needs to be inspected prior to the date. If you are planning to open and manage accounts for your business within the UAE Your company may require a sufficient balance.


How it Works?

With a vast experience in making businesses take a leap towards their success, we strive to make the process as simple and smooth for our clients as possible.

  • Schedule a free appointment by giving us call or fill the contact form
  • Our financial consultants will review your company details.
  • Submit the required documents requested during the meeting
  • We’ll start connecting your company to the financers in our network and get you a bespoke lending option tailored to your requirements.
  • We take all the effort to streamline the lending process for you so can do what you do best expand your business.

A variety of lending options are available and offered to our clients based on their requirements and eligibility.

Contact us

We here to help in anything you need. Call us on below number.

Centennial Supplier Payment

SUPPLIER PAYMENT

Enhance your cashflow with Centennial Finance Supplier Payments Solution

Provide your suppliers access to financing at attractive rates based on your stronger credit rating.
Quick implementation of solution with simplified on-boarding process.
Strengthen your supply chain relationships and enhance channel loyalty

How it works

  • Improved cashflow for you through extended payment terms.
  • DBS makes early payment to suppliers with minimum impact on suppliers’ working capital.
  • Improved working capital at attractive funding rates for your suppliers.
  • DBS discounts supplier invoices and provides early payment to suppliers based on your credit rating.
  • A quick and scalable implementation process
  • Suppliers go through a simplified documentation and on-boarding process.
  • No reclassification of trade payables.
  • Balance sheet-neutral working capital solution for both you and your suppliers.

What makes us different

Centennial Finance allows you and your counter parties to manage and track your transactions in an automated and secure environment.
Immediate access to information, electronic Exchange of trade instruments and online initiation of financing requests.
Access to detailed reports and transaction status anytime, anywhere.


How it Works?

With a vast experience in making businesses take a leap towards their success, we strive to make the process as simple and smooth for our clients as possible.

  1. Improved Cashflow for You:
    • Benefit from enhanced cashflow through extended payment terms.
  2. Early Payments with Minimal Impact on Suppliers:
    • Centennial Finance facilitates early payments to suppliers without adversely affecting their working capital.
  3. Attractive Funding Rates for Suppliers:
    • Suppliers gain access to improved working capital at competitive funding rates.
  4. Discounted Supplier Invoices:
    • Centennial Finance discounts supplier invoices and expedites early payments based on your credit rating.
  5. Quick and Scalable Implementation:
    • Enjoy a rapid and scalable implementation process with no reclassification of trade payables.
  6. Automated and Secure Environment:
    • Centennial Finance provides an automated and secure platform for managing and tracking transactions.
  7. Immediate Access to Information:
    • Gain real-time access to detailed reports and transaction status anytime, anywhere.
  • Schedule a free appointment by giving us call or fill the contact form
  • Our financial consultants will review your company details.
  • Submit the required documents requested during the meeting
  • We’ll start connecting your company to the financers in our network and get you a bespoke lending option tailored to your requirements.
  • We take all the effort to streamline the lending process for you so can do what you do best expand your business.

A variety of lending options are available and offered to our clients based on their requirements and eligibility.

Best Home Loans and Mortgages in UAE

House & Building Finance

Buying a home is always personal and emotional decision, we help you finance your dream you can call home for generations to come.

With a number of choices, we give you a flexibility to choose a place that lets you be you.

Mortgage Mastery Solutions

Mortgage is a secured loan with a property or asset attached as a collateral.

Obtaining a mortgage can be intricate as lending out money is an uncertain business for banks. They want to make sure that they will be paid back. If you’ve been rejected for a mortgage before, it can be even more hard to acquire one.

Through an application and underwriting process, mortgage lenders will require to validate anticipated borrowers. Home loans are only given to those who have adequate assets and income relative to their debts to practically carry the value of a home over time. When making the decision to extend a mortgage, a person’s credit score is also assessed. The interest rate on the mortgage also varies, with riskier borrowers receiving higher interest rates.

The Centennial Group works on preparing you to get a Home Loans and Mortgages on the best possible interest rates through our extensive experience and the study of approval processes. We work on your file to make it credit-worthy for lender wherever possible based on the knows trade techniques.

Mortgage Assistance from Centennial Group

Many people consider getting a Home loans and Mortgages to be a wise decision because it allows them to affordably buy the home of their dreams.

As a leading financial advisor in the United Arab Emirates, Centennial Group has taken care of this for its esteemed clients and potential newcomers by providing the ideal set of services.

With mortgage finance, CENTENNIAL GROUP offers you the quickest and most convenient way to buy its most sought-after properties

By working with leading financial institutions in the United Arab Emirates (UAE), We can provide you with the finest mortgage rates and terms

The following are some reasons to use Mortgage Assist from CENTENNIAL GROUP:

  • Quickest approvals of loans
  • Extremely cheap terms and interest rates
  • Straightforward Communication with the Centennial Group
  • Quick and easy processing
  • No additional fees or charges
  • Adaptable and Convenient Payment Plans, Rates, Payments, and Conditions

You won’t have any trouble comprehending mortgage rates in Dubai because you will receive assistance from knowledgeable and skilled professionals at every stage of the procedure

    Get a Consultation Now





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    FAQ's

    Your free initial mortgage consultation in Dubai with Centennial finance, will last roughly 30 mins. A dedicated mortgage advisor in Dubai, UAE will then recommend a mortgage for you, with no obligation to accept and go forward and proceed with the mortgage in question, if you decide that it is not for you.

    As a fast and friendly mortgage broker in Dubai, UAE with extensive collective experience, we offer high levels of mortgage advice in Dubai for customers in any mortgage situation.

    Many of our customers return to us for their remortgage in Dubai, because we not only search for the best deal from 1000s available, but we also provide expert remortgage advice in Dubai, always with your best interests in mind.

    Customer satisfaction is what motivates each member of our hardworking team to go even further, knowing that they can go the extra mile and continue our existing journeys with existing customers, allowing us to watch their journey of being a homeowner blossom.

    As an open & honest Mortgage Broker in Dubai that regularly deals with Specialist cases, we work with a vast panel of lenders who offer fantastic products available for you.

    With this in mind, your delegated Advisor for home loans and mortgages in Dubai will try their best to tailor the search to match your individual needs to offer you the best possible mortgage deal you can obtain.

    A trusted and dedicated member of our team will be on hand and available from early until late throughout the whole week, including some bank holidays.

    If you’re looking for help with your mortgage, look no further. As a mortgage broker in Dubai, UAE, we are here to help you reach your goals. Whether you’re a first time buyer in Dubai, UAE, moving home in Dubai, investing in property, or simply seeking mortgage advice in Dubai, we are here to help.

    Our expert mortgage advisors in Dubai are available, and in some cases, we can even provide same-day appointments. Contact us today to kick-start your mortgage journey.

    From Centennial finance, you will always have a dedicated mortgage advisor in Dubai who prioritizes your needs, listening to any concerns or questions you may have during the process and beyond.

    In staying by your side, we ensure that you are kept informed and up-to-date. Your assigned mortgage advisor in Dubai will notify you if anything changes or if we require important information from you, in order to proceed with your mortgage application.

    We have a team of experienced and trusted mortgage advisors in Dubai, UAE and administrators available Six days a week, from early morning to evening. Our team is here to assist you with any of your mortgage-related queries and provide valuable mortgage advice in Dubai.

    As a dedicated mortgage broker in Dubai, UAE, we aim to find the best mortgage or remortgage in Dubai for your circumstances. The first step is to book a free mortgage appointment with a qualified mortgage advisor in Dubai, who will gather information about your financial situation.

    With this information, we’ll search our various lenders to find you the most suitable mortgage product from the 1000s of mortgage deals available to us. Our team has an in-depth knowledge of mortgage criteria and we will guide you through your mortgage journey from start to finish.

    The free initial mortgage consultation that we offer generally lasts up to around 30 mins. We are then able to turn around an agreement in principle within 24 hours of that appointment. A formal mortgage offer takes, on average, somewhere around three weeks.

    Contact us

    We here to help in anything you need. Call us on below number.

    Working Capital Revolving Credit Line in UAE: Empowering Your Business with Centennial Finance

    Centennial International Financial Services

    Working Capital

    In today’s fast-changing business world environment, having access to a reliable Working Capital Revolving Credit Line is essential for maintaining a steady cash flow is crucial for success. At Centennial Finance, we understand the unique challenges businesses in the UAE face, especially when it comes to managing working capital. This service is designed to provide you with the financial flexibility you need to keep your business running smoothly, no matter the situations.

    Components of Working Capital

    Working Capital is commonly used to evaluate the long or short-term health of a business. Here is the calculation:

    1. Current Assets: These include cash, accounts receivable, and inventory.
    2. Current Liabilities: Short-term obligations like accounts payable and short-term debt.
    3. Working Capital Ratio: This ratio (current assets divided by current liabilities) helps assess your company’s short-term financial health.
      Working Capital Revolving Credit Line Centennial Finance

    Current assets consist of cash, inventory, investments, accounts receivable and other liquid assets you can convert to cash quickly. Current liabilities include debts and obligations due in under a year, and they include accounts payable, short-term debts and long-term debt pay downs due within a year.
    Ideally, current assets are greater than current liabilities, resulting in a positive working capital calculation. This signifies that the company has the resources to meet its short-term responsibilities.

    The Need for a Working Capital Revolving Credit Line in the UAE

    In the UAE’s competitive business environment, having immediate access to working capital is important. Our Working Capital Revolving Credit Line offers a flexible, reliable solution, letting you take out money as needed and only pay interest on what you use. Whether you’re dealing with times of the year when business goes up and down, unexpected expenses, or growth opportunities, this credit line gives you the financial Flexibility to stay ahead.

    Trade Working Capital

    Trade working capital refers to the funds required to manage trade-related operations, such as managing payables and receivables. In the UAE, where trade plays a vital role in the economy, efficiently managing trade working capital is critical for sustaining business operations.

    Reasons to Consider Working Capital Loans

    To survive, every business needs a healthy working capital measure. Specific benefits of a positive working capital position include:

    • Reserves to get through rough patches
    • Ability to expand your business mode
    • Acquisition of revenue generating assets
    • Potential to buy out a silent or ineffective partner
    • As an indicator of a well-managed organization, the working capital calculation helps you measure the viability of your enterprise. It’s also used by banks to extend lines of credit to businesses.

    Benefits of Maintaining Adequate Working Capital

    Flexibility in Financing

    One of the key benefits of a revolving credit line is its flexibility. Businesses can gain on the credit line as needed, which means you only pay interest on the amount you use, not the entire credit limit. This flexibility ensures that you have access to funds when you need them most, without the burden of a fixed repayment schedule.

    Improved Cash Flow Management

    Effective cash flow management is essential for the sustainability of any business. A revolving credit line helps maintain a healthy cash flow by providing a financial reserve to cover expenses during periods of fluctuating income. This stability allows you to focus on growth and operations rather than worrying about immediate financial gaps.

    Supporting Business Growth

    As your business grows, so do your financial needs. A revolving credit line supports business growth by providing additional capital to secure new opportunities, invest in equipment, or handle unexpected expenses. This future-oriented strategy for funding can be a game-changer for businesses looking to scale up.

    Solved Problems on Working Capital Requirement

    Common Issues Businesses Face

    Many businesses face challenges with working capital, such as cash shortages, delayed receivables, or high supplier payments. These issues can Interfere operations and block growth if not managed effectively

    How Our Revolving Credit Line Solves These Issues

    At Centennial Finance, our Working Capital Revolving Credit Line manages these common problems by offering a reliable source of funds. With access to a revolving credit line, you can manage cash flow gaps, manage supplier payments efficiently, and ensure your business remains on track.

    Supplier Payment

    Importance of Timely Payments

    Timely supplier payments are essential for maintaining good relationships and ensuring a Reliable supply of goods and services. Late payments can struggle with supplier relationships and impact your business’s reputation.

    Our revolving credit line helps you manage supplier payments more effectively by providing immediate access to funds. This ensures that you can meet payment deadlines and take advantage of early payment discounts, ultimately improving your bottom line.

    Letter of Credit

    A Letter of Credit is a financial document issued by a bank guaranteeing payment to a supplier, provided that certain conditions are met. It acts as a security measure for both buyers and sellers in trade transactions

    When letter of credit used with a revolving credit line, it can increase your ability to conduct international transactions. It confirms that you have the necessary funds to cover your commitments while delivering confidence to your trading partners.

    Trust Receipt

    A trust Receipt is a financial agreement where a client uses goods purchased on credit as a guarantee while maintaining possession. This arrangement allows businesses to manage their inventory while getting financial support.

    In combination with revolving credit line, trust receipts Are a valuable method of financing inventory purchases. It provides the flexibility to use goods as assurance while maintaining access to working capital.

    Invoice Discounting

    To improve Cash Flow, Businesses are using this Financial Practice called ‘invoice discounting’ to use unpaid invoices as collateral to secure immediate funds.

    Issuing Invoices
    Selling the Invoices
    Advance Payment
    Customer Payment
    Final Settlement

    With a revolving credit Facility, you can manage and handle issues related to discounting invoices more effectively. The credit Facility provides the required funds to cover outstanding invoices and enhance your accounting processes.

    Overdrafts (ODs)

    An overdraft allows businesses to withdraw more money than is available in their account, up to a certain limit. It provides short-term financial relief but often comes with higher interest rates.

    While overdrafts offer quick access to funds, revolving credit lines provide a better organized and budget-friendly solution for managing working capital. Revolving credit lines typically have lower interest rates and offer greater flexibility compared to overdrafts.

    How Centennial Finance Can Help

    At Centennial Finance, we understand that each business has exclusive needs. That’s why we offer customized revolving credit line solutions tailored to your specific requirements. Our team of experts will work with you to develop a plan that supports your financial goals.

    With comprehensive experience in the UAE financial market, we are affiliated with more than 20 Banks and have the knowledge and resources to help businesses manage local financial environments. Our extensive awareness of local needs guarantees that we provide relevant and effective financial solutions.

    How it Works?

    A variety of lending options are available and offered to our clients based on their requirements and eligibility.

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