SME Loan

Apply for SME Loan Application from Home with Bank Asia!

This loan is designed to meet financing/funding need for business expansion and for fixed assets purchase for manufacturing and/or service sector business.

 

Short Description

Bank Asia offers SME or Small and Medium Enterprise Loan as a loan facility to entrepreneurs to promote the growth of this sector in Bangladesh. This loan is designed to meet financing/funding need for business expansion and for fixed assets purchase for manufacturing and/or service sector business. The loan interest on SME loan is 9%.

Customer Requirement(s)

  • A Bangladesh Citizen A and New entrepreneur (as per Bangladesh Bank’s definition) who has the means and capacity to repay the loan
  • Valid Trade License
  • The Business needs to be operational for at least 2 years
  • Main applicant’s maximum age should be 45 years.
  • Eligible entities: Sole Proprietorship Firms, Partnership Firms, Private limited Companies.

Benefits

  • Term loan without collateral Tk. 50,000 to Tk. 10,00,000 for new entrepreneur.
  • Term loan with collateral above Tk. 10,00,000 to Tk. 25,00,000 for new Entrepreneurs. For secured limit, resident / commercial / industrial property/ en-cashable securities are accepted collaterals.

Required Documents

  • Renewed Trade license
  • Bank Account (Current Account) in the name of Business
  • National ID card
  • Drug License (only for drug business)
  • BSTI certificate (For food producing companies)
  • Permission from DC (for Diesel and Acid Business)
  • PetroBangla Certificate (for Diesel and Octane Business)
  • Last 1-3 years bank statement (demand can vary based on bank)
  • Agreement of shop or house
  • Position Document
  • TIN certificate
  • VAT certificate (only in applicable case)
  • Electricity Bill
  • Telephone Bill
  • Educational qualification certificate (Latest)
  • Names of employees, salary, post and monthly salary sheet
  • IRC (Import Registration Certificate) and IRE certificate (for Export & import business)
  • Stored/Stocked products and price of that products
  • List and total price of fixed asset
  • List of creditors
  • List of debtors
  • Description of present loan from anywhere (if any)
  • CIB (Credit Information Bureau) report of Bangladesh Bank, here it has to be mentioned that, the particular bank provides CIB form to the entrepreneur to fill up and to give it back to the bank and the bank manage the other arrangements to get CIB report from Bangladesh Bank
  • Passport size picture of Loan applicant and guarantor, here it’s mentionable that, financial Organization can take more than one guarantor if they want
  • Trade License and CIB report of guarantor if guarantor is a businessman
  • One year sales report and profit account of the business
  • Certificate of incorporation and Memorandum of Articles (for private limited company)
  • Resolution of loan taking decision (for private limited company)
  • Audited Financial Statement, Balance sheet, Profit-loss account, Cash flow statement, trade account (for limited company)
  • Current customers/clients list (for limited company)
  • Registered from Joint Stock Company and Notarized partnership deed from Notary club (for partnership business)
  • Resolution of partners for loan taking

 

APPLY NOW!

Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print
en_USEnglish