Qualifications and Requirements
 Target Group Small and big corporate customers

Requirements
 - 6 months active account.
 - Marketable collateral.
 - Memorandum of association / articles of association
 - Board resolution to borrow from the bank
 - Cash flow projections.
 - Business plan and company corporate profile
 - Insurance policy covering full value of the collateral

Facility amount
 60% of business turnover
 80% of collateral value

Purpose
 Working capital, purchase of stock, paying creditors,etc
 Interest rate Risk Based

Term
 12 months, maximum

Characteristics
 Flexible facility structure

 Features
 Additional temporary facilities of up to 50% of existing limit are permissible

 Availability
 All branches of NBS Bank

Benefits
 - Ability to bridge cash flow gaps
 - Can be used to finance administration and operation expenses
 - Can be used for working capital to purchase business inventory
 
 

Coronavirus (COVID-19) Update

NBS Bank plc would like to assure all customers that it has business continuity plans that are in place to ensure an appropriate response to any situation that can cause a distruption to the business, including the COVID-19 Outbreak.

 
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