Commercial Loan
Because we are aware that Business Owners are always in search of the right borrowing solutions to help run, develop and/or grow their business, we have tailored our commercial loan offers to meet a wide variety of Business needs to help you achieve your goals.
Our financing solutions are as unique as your business. We offer customized financing packages for all types of owner-operated businesses.
We provide Commercial Loans to be used for the purchase of equipment, machinery, or inventory etc. with a fixed repayment of principal and interest.
All Commercial Borrowers are required to submit annual financial statements and to maintain insurance cover on the financed item or the collateral (e.g. securing the borrowing)
Commercial Mortgage Details
We provide mortgage financing in amounts ranging from 70% with terms of up to ten years and financing of up to 80% , 70 to 80 % of total cost to purchase or Construct. Our team of experienced Credit Officers offer flexible products and competitive interest rates, with repayment times including but, not limited to 5 – 7 years.
Summary of Eligibility Requirements:
- Business Registration/Certificate of Incorporation
- Audited Financial Statements for the last three (3) years
- Two (2) References
- Estimate(s)/Agreement of Sale
- Approved Plan
- Copy of Transport/Lease/Title
- Recent valuation of property(existing/proposed value)
- Two (2) Photographs (front & side views of property)
- Two (2) forms of Identification (Passport/National I.D. Card)
- Proof of Address
- Proof of Payment of Rates & Taxes
- Assignment of Fire Insurance
