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