Finance Loan Business Stanbic




Grow Your Business with a Stanbic Bank Business Term Loan

Every business, from a budding startup to a well-established company, needs capital to achieve its long-term goals. A Stanbic Bank Business Term Loan is a financial solution designed to provide the necessary support for your business's growth. With flexible repayment plans and competitive interest rates, this loan can help you finance your next big venture.

What You Can Use It For

This term loan is a versatile tool for business owners. It can be used for a variety of purposes, including:

  • Purchasing or upgrading fixed property for your business.

  • Financing fixed assets and capital expenditures.

  • Covering the setup and establishment costs for a new business venture.

The loan may not be used for debt consolidation or as a substitute for vehicle and asset financing, as Stanbic Bank offers separate products for those specific needs.

Features and Benefits

Stanbic Bank understands that every business has a unique cash flow cycle. That's why they offer a tailored approach to repayment.

  • Flexible Repayments: Your monthly installments are matched to your business's cash flow projections, making repayment more manageable.

  • Competitive Interest Rates: The bank offers competitive interest rates, which can be either variable or fixed for the duration of the loan.

  • Structured Loan Period: The loan term can be structured for a period of 1 to 60 months (up to 5 years), giving you ample time to repay.

  • Collateral-Backed Security: The loan is subject to "first-class collateral" (tangible, easily realisable security), which provides the bank with an alternative source of repayment if needed.

Who Can Apply?

If your business has been operational for 12 months or more, you are eligible to apply for a Business Term Loan.

How to Apply

The application process requires comprehensive documentation to ensure a thorough assessment of your business's viability. You will need to visit your nearest Stanbic Bank branch with the following documents:

  • Completed application form.

  • Certificate of Incorporation.

  • Certificate to commence business.

  • Audited financial statements or management accounts.

  • Cash flow forecast for the loan term.

  • Profit & loss projection for the loan term.

  • Last 6 months' bank statements.

  • Suretyship of Guarantors.

  • Board resolution to acquire the assets.

  • Proforma invoice for the assets to be acquired.

For More Information

To learn more or begin your application, you can reach out to Stanbic Bank directly.

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