Qualifications and Requirements
Target Group Small and big corporate customers
- 6 months active account.
- Marketable collateral.
- Memorandum of association / articles of association
- Board resolution to borrow from the bank
- Cash flow projections.
- Business plan and company corporate profile
- Insurance policy covering full value of the collateral
60% of business turnover
80% of collateral value
Working capital, purchase of stock, paying creditors,etc
Interest rate Risk Based
12 months, maximum
Flexible facility structure
Additional temporary facilities of up to 50% of existing limit are permissible
All branches of NBS Bank
- Ability to bridge cash flow gaps
- Can be used to finance administration and operation expenses
- Can be used for working capital to purchase business inventory