Business term loan
A Business Term Loan helps your business to meet its long-term financial needs. Business term loans are structured for between 60 to 120 months. To make repayments suitable for your business, monthly installments are matched to your business’ cash flows
Some of the benefits
Competitive Interest rates
Flexible
Freedom
Term tenure
- Finance to buy or upgrade fixed property
- Repayments can be tailored to suit your business’ cash flows
- Affordable insurance cover for your loan, which you can pay every month
- Competitive interest rates.
- Pricing - base -Stanbic Prime Rate + Margin
- Facility fee - 2.5% minimum Kes. 10,000
- Minimum amount - Kes. 500,000
- Maximum amount - pegged to value of security and serviceability
Email [email protected] for details. The following document is required:
- 3 year audited financial statement
- Projected Income Statement, Balance Sheet and Cash Flow Statements for the duration of the facility
- 12 months bank statement (both new and existing)
- Directors Guarantee
- Company Profile
- Certified copies of Memorandum & Articles of Association
- Latest filed annual returns and filing receipts
- Certificate of Incorporation
- PIN/VAT certificate
- Board Resolution
-
What you get
-
What it costs
-
How to get it
- Finance to buy or upgrade fixed property
- Repayments can be tailored to suit your business’ cash flows
- Affordable insurance cover for your loan, which you can pay every month
- Competitive interest rates.
- Pricing - base -Stanbic Prime Rate + Margin
- Facility fee - 2.5% minimum Kes. 10,000
- Minimum amount - Kes. 500,000
- Maximum amount - pegged to value of security and serviceability
Email [email protected] for details. The following document is required:
- 3 year audited financial statement
- Projected Income Statement, Balance Sheet and Cash Flow Statements for the duration of the facility
- 12 months bank statement (both new and existing)
- Directors Guarantee
- Company Profile
- Certified copies of Memorandum & Articles of Association
- Latest filed annual returns and filing receipts
- Certificate of Incorporation
- PIN/VAT certificate
- Board Resolution