Flexible, short-term borrowing solution with a competitive interest rate
  • Get a loan of up to SCR1 million
  • Repayable over 1 to 5 years
  • Offered in domestic currency only
  • Maximum tenor of 180 days 
  • Interest rate is calculated as the sum of prime lending rate (base rate) currently of 9.5% plus a margin
  • Trade loans are considered as unsecured lending and can be granted against evidence of one of the following documents
    -Invoice
    -Pro-forma invoice
    -Purchase order
    -Schedule of invoices
    -Transport documents evidencing shipment/receipt
Requirements
  • The loan amount you are eligible for will depend upon your business turnover and its debt obligations, as well as the market value of the security provided (the loan amount may not exceed 80% of the assessed value of that collateral)
  • An arrangement fee and management fee is applicable when applying for the loan

Let us contact you

  • Documents required to apply

    • Latest audited annual financial statements
    • Latest year-to-date management accounts not older than 3 months
    • High-level assessment of debtors and creditors
    • High-level assessment of the inventory (where applicable)
    • Business plan
    • Company documents
    • Cash flow projections
    • Valuation report

  • Documents required for unsecured lending

    • Invoice
    • Pro-forma invoice
    • Purchase order
    • Schedule of invoices
    • Transport documents evidencing shipment/receipt

  • Documents required for secured lending

    • Corporate guarantee from parent company
    • Charge/Debenture cover over all assets of the company where the legal framework allows for registration of security over specific receivables or registration of a floating charge over stock and receivables
    • For all pre-shipment finance transactions where payment terms include settlement using an export letter of credit, collection consideration should be given to an assignment of proceeds where the performance risk is adequately mitigated
Need more help?

Call us on:
(+248) 438 3939

Email us:
customerservices.sc@absa.africa