These are interest-bearing facilities normally granted for capital expenditure purposes. The facility is repaid through a series of installments on a reducing balance basis.
How to apply
Visit your nearest Stanbic Bank branch with the following documentation:
- Audited financial statements.
- Management accounts
- Cash flow forecast for the term of the facility
- Business Profile
- Completed application form
- Certificate of Incorporation
- Memorandum & Articles of Association
- Tax Clearance Certificate