Term Finance - SME

Eligibility & Qualification Criteria

Preferred Sectors:

• Light Engineering, General Trading, Construction, Agri support, Steel ,Electrical, Printing and packaging, Plastics, Automotive etc.
• Capital expenditure suuch;as expansion of business capacity, construction of plant/factory infrastructure, procurement of plant & machinery etc
• The loan is renewable on completing the 1st tenure in good faith.

Financing Scope & Purpose

• Purchase / Construction / Renovation of Building
• Purchase of Land
• Purchase of Machinery and Equipment

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 type of business.(e.g. partnersip 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 case, primary security is usually fixed assets procured or developed from the term finance with secondary collateral being property comprising land.