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Business Loan

Features

This is a credit facility that offers loan repayment periods of less than 6 months maximum for companies that have specific work or supply contracts, LPOs, invoices, orders etc. The loan repayment is subject to nature of business and hence cashflows. Interest rates are friendly as are calculated on reducing balance mode

Benefits

  • To facilitate contractors, engineers, suppliers etc with business work capital in case they have business to support and lack necessary working capital.
  • Relieve working capital pressure and refocus team’s attention to complete project or deliver order at hand.

Eligibility

  • The company should have LPO, contract, Invoice etc.
  • The company should be formally registered as limited company or trade name/sole proprietor
  • Minimum business experience 12 months
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