Business Working Capital Loans
Terms
- 1-12 months
- Interest rate 5% up to 12% per month
Product Summary
- Loans to support income generating activities for Individuals and SMEs
- Maximum loan $50,000
Requirements
- Business proposal
- Operating licence
- Companies- Memorandum and Articles of association, Certificate of incorporation, CR14, CR6,
- Individuals- ID, Proof of residence
- Cooperatives/Groups- constitution and registration documents (as necessary)
- Proof of income- 6 months bank statement, sales records
- Collateral security
Acceptable forms of security
- Title deeds
- Shares
- Fixed/Treasury investments
- Guarantees by individual / companies
- Movable asset pledges
