It is basically a facility for small and medium enterprises that need funding to replenish stocks, payment of customs duties, supply goods in normal course of business preferably against local purchase order (LPO).
Customer Segment
- Sole proprietorship
- Partnership
- Limited Liability Companies
Target Customers
- All classes of SMEs e.g. traders, manufactures, suppliers, artisans, etc…
Purpose
- Loan for business expansion
- Trade Finance
- Working Capital Finance
- To replenish stock
- Payment of custom duties
Benefits
- Free advisory services
- Opportunity attend one free business seminar every six months
Requirements - Application letter indicating;
- Amount required
- Type of facility,
- Purpose of facility (request for execution of contract/supply of items should be supported by relevant contract documents)
- Repayment period
- Security proposed
In the case of limited liability companies, the application should be supported by
- Directors Resolution to borrow
- Company and management profile
- Audited accounts for the past three (3) years for exiting companies or Statement of Affairs for start-ups
- Monthly cash flow projections for the period of the facility
- Title documents to assets proposed as security
- Any other relevant information
Terms and Conditions
- Has been registered and operated from an identifiable premises for at least one year.
- Has operated account with uniBank for at least three months
- Fees/Commission are arranged on this facility
- Choose how much to pay back each month
- You can make lump sum reductions at any time with no penalties
- Subject to normal credit checks
Contact any of our branches and we would be pleased to assist you.
