Explore Our SME Loan Package
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
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
Assets with a high degree of obsolescence should be financed only with a tenor not exceeding two years.