Overview
Buying out liabilities from one bank to another bank is called Other bank buyout. It is possible in secured as well as unsecured loan depending on your business profile.
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Eligibility Criteria
- A company should be minimum 1 yr old.
- There should be a business set-up.
- There should be an active company account.
Mandatory Requirements
- A valid copy of Passport, Resident visa, and Canadian ID of all the partners.
- Trade license.
- MOA or AOA.
- Liability letter from the bank.
- 6 months bank statement of the company account.
- Tenancy Contract.
- 3-5 Sales and purchase vouchers.