SMALL BUSINESS LOAN (SBL)
Small Business Loan
Small Business Loan
Small Business Loan
Small Business Loan
Small Business Loan
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This loan product is designed to meet the credit needs of clients who desire bigger loan sizes to strengthen their businesses. It is an advanced package of the Regular Loan that can be accessed by both existing clients from the regular loan product and new clients.
Features
- Facility amount up to Le 50,000,000
- Methodology: Individual
- Duration: 12 months
Benefits:
- No collateral
- Access to funds for your business expansion
- Flexible repayment structure
- Training on basic financial management, business planning and customer relations
- Expert financial advice available when you need it
Documentations Required
- Loan application letter
- Duly completed application form
- 2 guarantors
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)
- Current utility bill
- 4 recent passport-size photographs
FAQ
1. Q: Do I need collateral before I can access this loan?
A: No, you do not need collateral before you can access the loan, once you can provide 2 guarantors that can stand for you in case of default.
2. Q: Can I reduce the repayment duration?
A: Yes. You can reduce the repayment duration to the number of months that suits you.
3. Q: Is there any issuance on the loan?
A: The loan is insured against death, fire in the business place or disability.