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May 29, 2019

SME BOUTIQUE LOANS

 

LPO FINANCE

A number of organizations make use of third parties to provide some of the items required in their businesses and set out specifications of items needed either in a contract agreement document or a Local Purchase Order (LPO). These third parties or “contractors” or “suppliers” often require financial assistance to execute such supply contracts.

Features

  • Access financing up to 70% of contract sum.
  • Flexible tenor in line with the terms of the contract
  • Employing company must be reputable
  • Easy documentation
  • Quick processing and turnaround time between 48-72hours of Submission of required documents
  • Affordable pricing & Flexible collateral options

WORKING CAPITAL LOAN

The Working capital loan is a flexible short term loan that businesses need for their day-to- day trading operations.

Features

  • Loan amount depends on credit evaluation & ability to repay
  • Easy documentation with Flexible repayment terms
  • Quick processing and disbursement within 48-72hours of submission of required documents
  • Flexible collateral requirements

GROUP LOAN

The group loan is designed for employees of pre-screened organizations to access any of their personal loan products at lesser rates and reduced documentation and more flexible terms.

Features

  • Accessible to employees of pre-approved organizations
  • Very easy documentation
  • Seamless Screening & application process.
  • Turn-around time is within 6hours
  • Repayment can either be via direct deduction from source, postdated cheque or direct debit mandate.
  • Flexible payment terms

OVERDRAFT

An overdraft is a credit facility loaded to your current account. This means that you have the convenience of borrowing on the same account that is used for your daily banking transactions. Their Business Overdraft can help you to manage your business cash flow. It allows you to access additional funds, up to an approved limit.

Features

  • Links directly to your Everyday business Account
  • Overdraft limit dependent on credit evaluation and business cash flow
  • Interest charged only on the amount utilized
  • Overdraft tenor up to 1 year
  • Minimal documentation and quick approval process

ASSET ACQUISITION FINANCE

This product allows businesses finance capital assets such as office & IT based equipment, generators, motor vehicles etc.

Features

  • Loan amount depends on credit evaluation and ability to repay
  • Flexible collateral requirements with the asset as part of the security
  • Easy documentation with Flexible repayment terms
  • Quick processing and disbursement within 72 hours of submission of required documents

FEMALE ENTREPRENEUR LOAN

Through their financial solutions, outreach efforts and educational resources, they help sustain the success of women-owned businesses and continuously support their role in shaping the future of small business. The Female Entrepreneur loan is targeted at hands-on female entrepreneurs of locally managed formal or informal businesses who require financing to scale up their businesses.

Features

  • Loan amount depends on credit evaluation , viability of the business and ability to repay
  • Flexible collateral requirements
  • Easy documentation with Flexible repayment terms
  • Quick processing and disbursement within 48-72 hours of submission of required documents

INVOICE DISCOUNTING

This type of finance allows businesses draw money against its sales invoices before the receipt of the contract proceeds from their employer. It enables customers to improve their company’s working capital and cash flow in order to achieve their business goals faster.

Features

  • Access financing up to 70% of contract receivables.
  • Only invoices from reputable companies are acceptable.
  • Flexible tenor in line with the payment terms of the contract
  • Easy documentation
  • Quick processing and turnaround time between 48-72hours of Submission of required documents
  • Affordable pricing & Flexible collateral options

BRIDGE FINANCE

This short term facility helps to bridge funding the gap for various business needs whilst longer term financing is being secured or to bridge funding gap between purchase and sale of goods.

Features

  • Loan amount depends on credit evaluation & ability to repay
  • Easy documentation with Flexible repayment terms
  • Quick processing and disbursement within 48-72hours of submission of required documents
  • Flexible collateral requirements.

BESPOKE CREDIT

Their Bespoke Credit offers simple yet comprehensive finance and financial planning advice. To help you line up your finances, they will assess your unique circumstances, needs and goals and then provide financial support & advice that fits your business. This customized loan product is tailored to suite your business.

Feature

The features will be dependent on the comprehensive evaluation of the business and loan requests.

IMPORT DUTY FINANCE

Import Duty Finance is a short term Trade Finance facility offered by the SME Boutique to importers of goods and services to bridge funding gap in the payment of import duties and charges. It is designed to assist the importers in avoiding high Port, Storage and Demurrage charges.

Features

  • Loan accessible to importers of authorized goods & services with proven track record in the business
  • Loan amount depends on credit evaluation and the ability to repay
  • Business must have existing cash flow to support repayment
  • Easy documentation with Flexible collateral requirements
  • Tenor not exceeding 120days.
  • Quick processing and disbursement within 48-72 hours of submission of required documentations

WIDOWS UMBRELLA

Losing a loved one is never easy. It doesn’t matter whether it was the result of a prolonged illness or something sudden. When it’s a spouse, especially somebody who was at least partly responsible for the financial health and well-being of any family, the remaining spouse can find they are in a tremendously difficult situation.

The Widows Umbrella is targeted at widows in business to help support and sustain their businesses during a vulnerable period at a very affordable rate. This loan product is usually tailored to suit their business needs.

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