Loan Requirement For Small Enterprises
- Facility application form duly completed in all respect.
- Certified copy of the certificate of incorporation.
- Copy of memorandum and articles of association.
- Copy of company TIN Certificate
- Copies of identification document – Gensia or passport (including signature and validity pages) for directors, business owner and /or authorized signatories for the company. Original identification document required to certify true copy.
- Business profile –describing the nature of business ,location , when it was incorporated ,shareholders and directorship , years of operation, management ,banking relationship, number of employees, market clients, companies etc.
- A copy of current trade license and or business permit.
- If non customer –certified copies of your bank statements for the last 12 month (deposit and loan account) together with the original banking deposit slips for key deposits to the account.
- Details of facilities enjoyed with other financiers if any which should include inter-alia initial amounts approved, current balances, repayment terms and securities held.
- Audited accounts for the last 3 years where available .this must however be provide for all applications above ssp 250,000/=
- Management accounts or income & expenditure statement for the current year.
- A stock statement and aged lists of debtors and creditors.
- Projected cash flows covering the period of facility – 1st year done on month to month basis-together with underlying assumptions.
- Board of Directors Resolution to borrow and pledge securities.
- Outline of total project cost, its breakdown and financing plan (indicate own contribution and evidence availability).
