Borrow

A business loan is money borrowed by business owners who have been in business for more than 12 months with a sound cash flow history. The loan amount is based on the borrower’s credit worthiness, cash flow, security offered and should have a variable interest rate over a fixed term. The capital and interest is repaid monthly.

To apply for a loan

Simply bring the following:

  • Financials since the start of the multi currency regime (standard is 3years)
  • At least 12 months cash flow forecast
  • Business plan
  • Statement of liabilities and assets for all shareholders /owners of the business
  • Details of security that is being offered
Qualification Criteria
  • SME/ business must have been operational for the past 12 months
  • Must be a BancABC account holder for more than 6 months
  • Be able to produce financial information which is not older than 12 months
  • Minimum loan amount: US$10,000