Running Finance - SME

Eligibility & Qualification Criteria

• Conclusively identified need for working capital requirements for the business's normal course of operations
• The loan is renewable on completing the 1st tenure in good faith.

Financing Scope & Purpose

• Payment of Labour & other expenses
• Payment to Suppliers
• Purchase of Raw Material

Required Documentation Checklist

Depending on nature and type of case the following is usually required:

• Loan application documents with CNIC etc
• Business & Sponsors profile
• Business registration documents depending on the type of business.(e.g. partnership deed, NTN, Certificate of Incorporation, Form A +29 etc)
• Evidence to support working capital requirements(trade documents, invoices, contracts etc)
• Financial statements & cash flows
• Information regarding existing banking relationships
• Documents pertaining to securities against requested financing

Collateral & Security Requirements

• Depending on the case, primary security is usually current assets with secondary collateral being property comprising land.