Explore Our SME Loan Package
Product Details
Are you cash strapped? Do you need some temporary support to pay your distributors and suppliers while awaiting payments from your debtors? Look no further! We have the perfect solution to ease your cash flow problems and ensure smooth business operations.
We introduce you to our SME Support Facility (SSF), specially designed for you our cherished customers.
The SME Support Facility (SSF) is a short-term unsecured working capital provided to SMEs to support them grow their businesses. You do not need to provide collateral to secure this loan!
- No Collateral
- Six (6) months. Could be extended to twelve (12) months subject to the performance of the previous facility.
- Customer’s application letter
- Current Stocklist – not more than two (2) weeks old
- Last six (6) months account statement
- Six (6) months projected cash flow
- Valid tenancy agreement
Vehicle Finance Facility Details
At an affordable rate BANK OF AFRICA will assist you with financing to acquire your dream car from any accredited car dealer/showroom.
- Facility application letter
- Company Profile
- 3 years audited financial statements for most recent year
- Cash flow projections for the tenure of the facility
- Bank statements from major banker(s)
- Pro – forma invoice from an accredited car dealer
- Equity contribution of 25% of the value of the car
Equipment Financing Details
We provide businesses with funds to purchase equipment and machinery needed to operate and grow your business.
- Facility application letter
- Company Profile
- 3 years audited financial statements for most recent year
- Cash flow projections for the tenure of the facility
- Bank statement from major banker(s)
- Pro – forma invoice from supplier
- Equity contribution of at least 20% of the value of the equipment