Term Loans

Carefully designed long-term loans to finance capital expenditure.

Carefully designed long-term loans to finance capital expenditure.

This includes the expansion or upgrading of production facilities, warehousing or the general upscaling of business services.

Requirements for Term Loans

  • Formal Application stating the amount, purpose, tenor, source of repayment and proposed security.
  • Audited accounts for at least three financial years, prepared by a Certified Public Accountant, with an unqualified opinion.
  • Management Accounts for the most recent concluded month.
  • Projected Cash flows for the period of financing.
  • Valuation report for the property/ assets to be pledged as collateral.
  • Business Plan/ Updated Company/ Business profile.
  • Financial Card Number for the borrowing entity.
  • Any other information as may be requested by the Bank, depending on the nature of the request.
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