When a customer has been given a local purchase order (LPO) by corporate bodies to procure and supply specific goods and /or services at a specified price /rate/value, within a specified time and possibly when, and where payment is to be made.
Redoak Trust and Investment would finance as much as 70% of the net value of the LPO.
This tenor of the loan is subject to the terms of the contract/LPO but must not exceed 180days.