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. Income statement
- 2. Balance Sheet
- 3. 12 months cash flow projections
- Registration documents:
- 1. Certificate of incorporation
- 2. Memorandum and articles of association
- 3. CR14
- 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
