We offer Business Term loans to support your business in achieving its long-term financial goals. In order to make repayment suitable for your business, monthly installments are matched to your business cash flow and the term loan is structured for a period of up to 5 years.

Features and benefits

• A Business term loan may be used to purchase / upgrade fixed property, finance fixed. assets, capital expenditure or for the setup / establishment of venture costs.
• Your repayments can be tailored to suit your business cash flow projections.
• Competitive interest rates are offered for term loans and may be variable or fixed for the term of your loan.
• A term loan may not be used for the consolidation of debt or as a substitute product for Vehicle or Asset finance.
• Repayment ability is based on past profitability and/or cash flow projections. Subject to first class collateral (tangible, easily realisable security) which the bank is able to fall back on as an alternative source of repayment..
• The loan period is from 1– 60 months.

Who can apply
If you have been in business for 12 months or more, you can apply for a Business Term loan

How to apply
Visit your nearest Stanbic Bank branch to apply. The following documentation will be required:

• Completed application form.
• Certificate of Incorporation.
• Certificate to commence business.
• Audited financial statement / management accounts.
• Cash flow forecast for the term of the facility.
• Profit & loss Projection for the term of the facility.
• Last 6 months bank statements.
• Suretyship of Guarantors.
• Board resolution to acquire the assets.
• Proforma invoice for asset to be acquired.