Local and US currency Loans
Overdrafts
An Overdraft is a short-term credit facility that enables
you to meet temporary gaps in your cash flow. This
facility allows you to issue checks and make payments
that overdraw your account up to an agreed maximum
amount.

Starting the Facility
All credit facilities, including financing, are made available
after a thorough assessment of the customer needs. The Bank
follows a credit process that requires performance of due
diligence (fact-finding) and credit analysis and assessment.
The result is to try and match the client requirements and the
Bank's ability and willingness to provide the facilities.

Term Loans
A Term Loan is a loan granted for an agreed repayment period
of time - usually longer than one year - and an agreed repayment schedule. The Term Loan issued to finance capital equipment or other long-term assets.

Term Loans are made available for specific defined purpose such as acquiring fixed assets for a manufacturing plant.. A feasibility study of the project being financed is required, as are the projected cash flows. A Term Loan Agreement is signed by the parties laying out the conditions as agreed.

A government-sponsored program whereby such loans could be obtained at a reduced rate of interest. To qualify the company must be engaged in either the manufacturing, Agricultural or Tourism sectors.

Working Capital Loans
It is a short term loan, which is typically used to finance inventory, account receivables and other short term assets.

Bills Discounted
This is a short-term loan supported by an underlying Bill of Exchange such as check or draft under collection or arising out of a trade transaction (Trust Receipts).

Guarantees
Payment Guarantees
To guarantee the customer's payment for goods, services, rent, licensing fees, etc…

Letter of Guarantees
Letter of Guarantees are given by the Lebanese Canadian Bank (the Bank) as an important tool of international trade. It constitutes a promise by the Bank (Guarantor)to pay a stated amount of money to the beneficiary (obligor) if its customer (principal) defaults in his debt or obligation to the obligor.

Bid
The purpose of the bid bond (guarantee) is to provide an assurance of the intention of the party submitting the bid to sign the contract if this bid is accepted. The guarantee covers a percentage of the bid price.


 Performance
The purpose of the performance guarantee is to safeguard the beneficiary against a default under a contract obligation by the party to whom the contract was awarded. The guarantee covers a percentage of the value of the contract.

Advance Payment
In many projects, project owners are willing to make certain advance payments to the contractor. The advance payment bond guarantees the repayment of advances made by the project owner, in the event of the contractor's default under the contract.

Retention
The purpose of a retention bond is to safeguard against project deficiencies found upon completion and prior to the final acceptance of work.

Surety (Custom-Related)
These bonds are issued in favor of the Customs Agency as a security for the settlement of the importer's custom dues.

Asset Based Finance
Contractor Receivables
It is a form of financing that enables the contractor to leverage his assets to the bank. It provides security and/or support. The contractor obtains financing from the bank and in return assigns all payments to the bank. The project owner acknowledges the assignment, typically a government ministry or government agency.

Project Finance
It is a form designed to financing the construction of fixed assets associated with a particular investment project that is expected to generate a flow of revenue in future periods sufficient to repay the loan.