Business Term Loan
A financial solution for covering temporary cash flow requirements with payments made directly from your current account even at zero account balance. It is a convenient short-term borrowing facility ideal for unplanned business expenses.
Some of my benefits
Support
24-hour business banking support through Enterprise Direct Centre
Insurance
We arrange affordable insurance from our trusted partners.
Great interest rates
Pay interest on what you use, NOT on the full amount on which the limit is set
Flexible terms
Choose between 1, 3, 6 up to 12 months to repay
What you get
- The cash is available when you need it
- You only pay interest on what you use, NOT on the full amount on which the limit is set (saving you interest)
- Fluctuating interest rate which is linked to our Stanbic base rate.
- We arrange affordable insurance from our trusted partners.
- 24-hour business banking support through Enterprise Direct Centre
How to get it
- Contact the Enterprise Direct Centre on [email protected], call us on 0312226600 or visit a Business Banker at any nearest branch.
What you need
- Business Legal documents
- Business' financial statements, such as the income statement, balance sheet and cash flow statement
- A 12-month cash flow forecast
- Proof of equity contribution (shareholding in business) and the source of these funds
- Business' bank statements for the past six months
- Financial card
What it costs
- Only pay interest on the amount you use
-
What you get
-
How to get it
-
What you need
-
What it costs
- The cash is available when you need it
- You only pay interest on what you use, NOT on the full amount on which the limit is set (saving you interest)
- Fluctuating interest rate which is linked to our Stanbic base rate.
- We arrange affordable insurance from our trusted partners.
- 24-hour business banking support through Enterprise Direct Centre
- Contact the Enterprise Direct Centre on [email protected], call us on 0312226600 or visit a Business Banker at any nearest branch.
- Business Legal documents
- Business' financial statements, such as the income statement, balance sheet and cash flow statement
- A 12-month cash flow forecast
- Proof of equity contribution (shareholding in business) and the source of these funds
- Business' bank statements for the past six months
- Financial card
- Only pay interest on the amount you use
We also offer
SME Trader Account Pay Bundle
The SME Trader account offers benefits specifically for small businesses wanting to maximize their savings and grow their business. It is a pay as you go account with access to financial solutions that meet your specific business needs.
BizSure
We will cover your business against unforeseen circumstances like fire, theft, accidental damage, goods in transit, workers compensation and so much more. This policy is intended to cover property such as all signage, plant, machinery, furniture, computer and electronic equipment, glass, landlord’s fixtures and fittings, tenant’s improvements for which you are responsible and all other contents, money, stock and materials in trade