SME Loans
SME Loans – Requirements
Proof of Residence
Provide a valid proof of residence not older than 3 months.
Passport Sized Photos
Submit recent passport-sized photographs for all directors.
Directors’ IDs
Provide copies of valid IDs for all company directors.
Past Performance Records
Submit records showing previous business performance and experience.
6-Month Bank Statement
Provide at least 6 months of recent bank statements.
Age Requirement
All directors must be 18 years and above.
Financial Projections
Submit financial projections to demonstrate business growth potential.
Reference Letters
Provide references for both the company and all directors.
Company Registration
Submit full company registration documents (CR forms, memorandum, articles).
Tax Clearance
A valid tax clearance certificate is required.
Directors’ Guarantees
All directors must provide personal guarantees for the loan.
Business Proposal / Company Profile
Submit a detailed business proposal or company profile outlining business operations.
Resolution to Borrow
A borrowing resolution signed by all directors is required.
Operating License
Submit a valid operating license from the local authorities.
Collateral
Collateral such as motor vehicles, guarantors, or title deeds is required.