Advance Payment Guarantee

The Advance Payment Guarantee allows contractors and suppliers to access advance funds from clients to start project work with confidence. The guarantee assures the project owner that the funds will be refunded if the contractor does not fulfill the terms of the contract—thereby enhancing trust and enabling smooth contract execution.

Available for contractors, suppliers, NGOs, and large organizations
Issued in UGX and major foreign currencies
Guarantee amount based on contract value
Competitive arrangement, issuance, and quarterly fees
Secured with acceptable collateral as per bank policy
Valid for the duration of the contract

Must have an account with Tropical Bank (6+ months) or 1 year banking history elsewhere
Valid signed contract and contract schedule must be presented
Contract proceeds must be paid through Tropical Bank
Applicant must be the main contractor or approved subcontractor
Acceptable security/collateral coverage

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