Financing

Corporate overdraft facilities

This is a fluctuating loan facility that is tailored to meet the needs of corporates who require short term finance generally for working capital purposes. The target market for the product includes all corporate clients who have a justified need for overdraft facilities.

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Medium term loan

Is a loan granted for a fixed period normally three to seven years and has a predetermined repayment pattern which is matched to the customer’s business/ cash flows.  Minimum amount is K20 million and Maximum amount is limited only by applicants needs and ability to pay. The product targets corporate clients whose past profitability records and future profit projections indicate the ability to repay out of cash flows.

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Short term working capital

This is a short term working capital with specific repayment source either as once-off or periodic with identified cash-flows. The loan is obtained as a bridging facility to cover shortfalls in finances. The facility is availed to customers who have been trading for more than 12  months.

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Asset financing

Asset Financing is the provision of credit facilities to fund the acquisition of business assets. The customer enjoys the use of the asset in return of agreed repayments. The asset however, remains property of the Bank until the facility is fully repaid and all facility conditions met by the client. Asset financing can be medium term, long term or short term.

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Invoice discounting

Invoice discounting is a short-term borrowing used to improve a company's working capital and cash flow position. The facility allows a business to draw money against its sales invoices before they have actually been paid. By doing this the company is effectively using the unpaid sales invoices as collateral for the borrowing. The target market for this product includes tier one and two customers and supply chain customer.

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Executive loan

This covers the same clientele as the Executive Overdraft. The loan is however drawn as a lump sum and is payable at fixed and periodic amounts.  The Executive loan will be repayable through salary, but special arrangements will be made to cater for special individual's needs.

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Cash covered loan

This is a type of loan that is used to cover short term liquidity constraints and is totally secured by the client’s deposit in a Savings Account or a Fixed Deposit Account.

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