This is a credit facility for growing businesses. SMEs can use this facility for working capital or purchase of fixed assets. An SME Loan can help an SME grow into large scale businesses.
Target Group
- Small and Medium Enterprises
Requirements
- 6 months business experience.
- 6 months active account.
- Marketable collateral.
Facility amount
- K200,000 – K15,000,000,
- Up to 100% collateral cover.
Purpose
- Working capital and or purchase of fixed assets.
Interest rate
- Base Rate + Risk-Based margin
Term
- 6 to 36 months
Features
- Can get parallel loan after good repayment history.