Whether you need capital to finance a business venture, working capital to expand your business or finance to acquire vehicles, plant and machinery, we has the right solution to meet your specific business needs.
General Loan Requirements
Business plan/ proposal
Copies of company documents
Financial Statements( last 2 Years)
Latest Management Accounts
Cash flow projection to match proposed tenure of facility
Aged Debtors and Creditors
Details of facilities with other Banks
Details of security on offer
6 months Bank Statements (new clients)
Valid Tax Clearance Certificate
WORKING CAPITAL & SHORT TERM FACILITIES.
An overdraft is the simplest and most flexible way to access additional working capital over a maximum of 12 months should your business require it.
This facility is a very short term facility, targeted at SME’s with confirmed orders from reputable corporates with demonstrable capacity to pay. Facility tenure is determined by the agreed terms of the order.
Cash Solutions provides you with cash (once off or an ad hoc basis) based on the sale of selective invoices for goods supplied to blue chip corporates, when you need to improve your cash flow.
We provide several types of guarantees that to help facilitate business agreements and contracts. These guarantees provide assurance that you will perform in term of a contract, e.g. delivery of goods or performance of a product.
MEDIUM TERM LOANS
Medium Term Loan
This a secured facility, currently over an 18-month period, that provide you with an option to purchase second vehicles/equipment and specialised equipment, that ordinarily would not qualify under vehicle and asset based finance.
A cost effective way to finance brand new and pre-owned vehicles, delivery vans to a fleet of vehicles, at competitive rates. Tenor is currently at 18 months.
Asset Based Finance
As your business needs grow and chance, so do your financial needs. This is a flexible finance option, similar to vehicle finance, which suits your requirements when buying plant and equipment for your business, Terms are similar to vehicle finance.