SME Loans

Product Details

The SME Support Facility (SSF) is a short-term unsecured working capital provided to SMEs to support them grow their business. 

  • No Collateral 
  • Six (6) months. Could be extended to twelve (12) months subject to the performance of the previous facility. 
  • The minimum limit to be considered is GHS20,000 
  • The maximum limit to be considered is GHS 150,000 

  • 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

Title(Required)
Name(Required)
Already a customer at BOA(Required)
Consent(Required)
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

Title(Required)
Name(Required)
Already a customer at BOA(Required)
Consent(Required)
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

Assets with a high degree of obsolescence should be financed only with a tenor not exceeding two years. 
Title(Required)
Name(Required)
Already a customer at BOA(Required)
Consent(Required)