SME BUSINESS LOAN
Our SME Business Loan is a customized loan for Commercial & SME businesses to support you with your working capital to buy stocks, purchase business equipment, open new shops and undertake construction of business premises. It is a fixed term loan and is to be repaid over a period of up to a maximum of 3 years with predetermined monthly installments.
What does it offer you?
- Working capital to buy stocks, open new shops or expand the business
- Money to buy business equipment, trucks, etc
- Money to buy real estate or construct business premises
- Fast processing of loan application (between 1 to 2 weeks if all documentations are provided)
- Transparency and reliability
- Dedicated SME Relationship Officer to handle your application and provide answers to questions.
What do you need to apply?
- Be a registered business in Liberia for at least 1 year.
- Business registration documents
- Six months’ statements if you are banking with another bank in Liberia
- Accepted collateral includes, but is not limited to, landed property, vehicle, cash, stock, etc
- Favourable credit reference report
- You may need to meet other conditions or give us more documents subject to specific borrower conditions.