Corporate Loan

Corporate Loan

Corporate loans provide corporates with access to working capital as well as capital expenditure finance. Overdrafts allow a company to draw from its account even when it has no funds. They enable corporates to bridge temporary financing gaps.

Requirements

  • Business plan/ project proposal/company profile
  • financial statements as follows:
  1. 1. Income statement
  2. 2. Balance Sheet
  3. 3. 12 months cash flow projections
  • Registration documents:
  1. 1. Certificate of incorporation
  2. 2. Memorandum and articles of association
  3. 3. CR14
  4. 4. Local authority operating license
  • Corporate account held with POSB for at least 6 months
  • Security, preferably immovable property, shares (Copy of title deeds and a current evaluation report)
  • Proof of business premises
  • Directors documents (Copy of national ID card and proof of residence dated within 3 months)

Benefits

  • Flexible repayment periods
  • Amounts are negotiable
  • Most favourable rates on the market