Business Revolving Term Loan
Curb your recurring expenses and cash flow constraints with a Business Revolving Term Loan. This is a continuous loan facility where repayments are calculated over five years in equal monthly installments. Once you have made monthly repayments for at least six months, you can withdraw funds up to the original limit, without your monthly repayments being affected
Some of the benefits
Accessibility
Funds are immediately accessible to use whenever you need them
Good terms
You can draw down or withdraw, repay, and withdraw again
Flexible
Manage exactly how much to draw, depending on how much you need at a time and never worry about over-borrowing
What you get
- A minimum loan amount of K10,000.00 or US$5,000
- You can redraw up to the original amount without having to reapply
- When you revolve the loan, your repayments are not affected
- Interest is variable and is linked to our official base rate, meaning you get the benefit if the interest rate drops.
What it costs
- Refer to pricing guide/ Call our call centre 8200
What you'll need
- For more information on the documents you need to give us, please contact the Call centre on 8200
How to get it
Be a Business client with an existing Stanbic Bank Business Current account
Documentation Required
You need to give us the following documents to enable our credit department to make an informed decision.
- Your business’ financial statements
- Personal statements of assets and liabilities of all the partners, members or directors.
- Your sales and purchases budgets
- A projected income and expenditure statement
- A 12-month cash flow forecast
- The amount of your own contribution, and the source of the funds
- Schedule of debtors and creditors
- If you do not have a Business account with us, you must give us your past three months’ bank statements.
This is not a full list. Depending on the nature of the application and the business risk involved, you may need to give us fewer or more documents.
Note: Terms and conditions apply.
-
What you get
-
What it costs
-
What you'll need
-
How to get it
- A minimum loan amount of K10,000.00 or US$5,000
- You can redraw up to the original amount without having to reapply
- When you revolve the loan, your repayments are not affected
- Interest is variable and is linked to our official base rate, meaning you get the benefit if the interest rate drops.
- Refer to pricing guide/ Call our call centre 8200
- For more information on the documents you need to give us, please contact the Call centre on 8200
Be a Business client with an existing Stanbic Bank Business Current account
Documentation Required
You need to give us the following documents to enable our credit department to make an informed decision.
- Your business’ financial statements
- Personal statements of assets and liabilities of all the partners, members or directors.
- Your sales and purchases budgets
- A projected income and expenditure statement
- A 12-month cash flow forecast
- The amount of your own contribution, and the source of the funds
- Schedule of debtors and creditors
- If you do not have a Business account with us, you must give us your past three months’ bank statements.
This is not a full list. Depending on the nature of the application and the business risk involved, you may need to give us fewer or more documents.
Note: Terms and conditions apply.