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Business Revolving Credit Loan

Business Revolving Credit Loan

A Business revolving credit loan is an unsecured loan that offers you a continuous line of credit with the immediate availability of funds. This is a flexible tool that can help you finance your business when importing, exporting as well as stock management. The loan is an ongoing business loan where repayments are calculated up to a five-year period in equal monthly installments

Some of the benefits

Quick access

Funds are immediately accessible to use whenever you need them

No Collateral

You don’t need to leverage any real estate assets as collateral

Flexible terms

You can draw down or withdraw, repay, and withdraw again

Control

Manage exactly how much to draw, depending on how much you need at a time and never worry about over-borrowing
What you get
  • This medium term financing option allows you to control redraws with structured payments.
  • The business can make a loan redraw up to the originally borrowed amount.
  • The loan can be used to finance working capital and short-term expenditure where you prefer a set monthly repayment.
  • The loan can be used to purchase intermediate assets (assets with a medium life span) that do not fall within normal asset finance, for example, small equipment etc.
  • We offer competitive interest rates.
  • Loan tenure can be negotiated between 36 and 60 months
  • Evaluation principles: based on intuitive lending based primarily on profitability and the sustainability of the borrower. The continuance of the revolving capability should be subject to annual review where (amongst others) turnover fluctuations are evaluated.
  • Collateral is based on conditions of grant general collateral based lending
What it costs
  • Arrangement Fees – Overdraft 2% Min MWK49 000.00

 

Pricing guide

 

How to get it

Call 242 to speak with a consultant or Send an email to [email protected]

Or

Visit your nearest Standard Bank branch with the following documentation:

  • Cash flow projections
  • Financial statements
  • Bank statements (new customers)
  • Personal statements (Directors/Members)

If you have been in business for 12 months or more, you can apply for a Business Revolving credit facility

Note: Terms and conditions apply. 

  • What you get
  • What it costs
  • How to get it
  • This medium term financing option allows you to control redraws with structured payments.
  • The business can make a loan redraw up to the originally borrowed amount.
  • The loan can be used to finance working capital and short-term expenditure where you prefer a set monthly repayment.
  • The loan can be used to purchase intermediate assets (assets with a medium life span) that do not fall within normal asset finance, for example, small equipment etc.
  • We offer competitive interest rates.
  • Loan tenure can be negotiated between 36 and 60 months
  • Evaluation principles: based on intuitive lending based primarily on profitability and the sustainability of the borrower. The continuance of the revolving capability should be subject to annual review where (amongst others) turnover fluctuations are evaluated.
  • Collateral is based on conditions of grant general collateral based lending
  • Arrangement Fees – Overdraft 2% Min MWK49 000.00

 

Pricing guide

 

Call 242 to speak with a consultant or Send an email to [email protected]

Or

Visit your nearest Standard Bank branch with the following documentation:

  • Cash flow projections
  • Financial statements
  • Bank statements (new customers)
  • Personal statements (Directors/Members)

If you have been in business for 12 months or more, you can apply for a Business Revolving credit facility

Note: Terms and conditions apply. 

We also offer
BOL
Business Online

Manage all your business banking needs on this standalone, secure platform. From simple transactions and transfers, to local and cross-border trade deals as well as forex payments, you have full control over how you handle your business’s finances. You can also pay for your taxes and company utility bills through Business Online. It is simple and secure.

Business Overdraft
Business Overdraft

An overdraft is a fluctuating loan facility that is individually tailored to meet the needs of customers who require short term finance for working capital purposes, making it the ideal way to manage your cash flow. It is linked to your business account and you can use as much as you need, up to your limit.