Commercial /SME/Corporate Loans
Loans extended to SME’s and Corporates engaged in profitable business activities in a variety of sectors including trade and commerce, transport, manufacturing and processing, fishing, building and construction, health, tourism and recreation. The loans can be used to finance working capital, acquisition of business assets and infrastructural development.
- Interest charged on reducing balance.
- Minimum loan amount UShs 15.5million
- Maximum loan amount of up to UShs. 1.5billion.
- Loan period of up to a maximum of 5years.
- Secured by collateral up to 100% cover of the sale value.
- All sectors of the economy are financed.
- Grace periods are applicable on a case-by-case basis.
- Centenary Bank Savings or Current account
- Audited Financial Statements
- Security for the loan
- Documents of business registration
- Copies of trading licenses
- Business plan with a cash flow statement
- Inspection of business and security
- Faster and easy way to access business funds
- Affordable interest rates
- Flexible repayment plans
- Multiple disbursements offered