Does your business need a specific financing need? Sign up for an FBNBank Term Loan designed to provide funding of a specific amount with a specified repayment schedule and a floating interest rate to meet the working capital needs of your business.
- Maximum amount any business organization can obtain will ultimately be determined by the cash flow from their business
- Maximum tenor of 36 months
- Collateral – legal mortgage over property, treasury bills or fixed term deposit
- Assists businesses manage cash flows
- Convenient repayment plan (equal monthly or quarterly repayment over 36 months period)
- Competitive interest rates
- Application letter
- Duly completed loan application form
- Audited financials
- Company’s financials
- Other Banks’ statement of account of 12 months preceding application
Who Can Apply?
- Registered businesses in need of funding