| Objectives: |
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To assist SMEs (Industry/Trading/Service) access to finance. |
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To meet the need for Financing SMEs towards overall growth of the economy & employment. |
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To expand bank's exposure in SME Segment. |
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To make self-reliant SMEs and to habituate them in banking. |
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| Purpose and Tenure: |
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Working Capital Finance (up to 03 years ) |
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Short and Mid Term Working capital finance. |
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Business Expansion on current product line. |
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Avail funds against secured investment. |
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Project Finance (up to 05 years ) |
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Finance (up to 05 years ) |
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Purchase vehicles to be used in business (e.g. covered van, pick-up van). |
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Purchase machines to increase production. |
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Office/Business premises renovation. |
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Purchase office equipment. |
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Purchase expensive medical equipments for clinic or hospital. |
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Avail funds against secured investment. |
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| Repayment Opportunity: |
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Overdraft with quarterly reduction of limit or EMI basis for Working Capital Finance. |
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Project finance (term loan) on EMI basis. |
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| The minimum and maximum loan amount for SMEs is Tk 2 Lacs and Tk 50 Lacs. |
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| Security Requirement: |
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Financing up to Tk 10 Lacs is allowed against hypothecation and personal guarantees. |
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Financing up to Tk 50 Lacs is allowed against hypothecation and registered mortgage over immovable properties - for all groups.personal guarantees. |
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Financing up to Tk 15.00 Lacs is allowed against hypothecation and personal guarantees - for Women Entrepreneurs. |
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| Eligibility of applicant: |
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Ideally a sole proprietorship concern. |
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Age of the applicant has to be within 25-52 years and Bangladeshi citizen. |
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Business established for minimum 02 years (03 years for women entrepreneurs). |
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Monthly sales turnover is more than Tk 6 lacs (for urban areas) and Tk 3 lacs (for rural areas). |
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Operating in a rented / owned premises for a minimum period of 2 years. |
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SMEs having total assets (excluding land & building) between Tk 50,000/- to Tk 1 Crore. |
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Taxpaying business firm. |
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Having good financial track record. |
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| Eligibility of Guarantor: |
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Age has to be 25-52 years. |
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Reputed business man or professional having sufficient income to repay the entire loan. |
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Executive/departmental head of large corporate body or multinational companies. |
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Taxpaying individual, etc. |
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| Documents required: |
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Trade License current and 02 years old. |
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Photograph, business card, passport/National ID/driving license of applicant. |
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Current utility bill of business house and residence of the applicant. |
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TIN certificate of the applicant. |
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Bank account statement if any. |
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Sanction Letter or statement of loan account of active loans. |
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Stock, Receivables and sales statement, etc. |
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Any other valid document reflects stability in the business. |
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