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Business expansion Loan
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Business expansion Loan
Business expansion / purchase of fixed assets Loan
Designed to meet the financing need for business expansion and for purchase of fixed assets.
Basic Information
|
Target Customer |
Loan Limit |
Tenor |
Interest Rate |
| Any Small & Medium Enterprise owner (s) who needs to expand the existing business or purchase fixed asset. |
From BDT 800,000 to BDT 50,000,00 depends on type of loan & size of enterprise.
(may differ from bank to bank) |
12 Months to 60 months
(may differ from bank to bank) |
From 13% to 15%
(may differ from bank to bank) |
Eligibility
- Any successful enterprise which have minimum 2 years in same or relevant business experience can apply for loan.
- Business income needs to support the proposed loan Installment/return.
List of some banks which have Business expansion/purchase of fixed assets Loan product
|
Bank Name |
Product Name |
| Bank Asia Ltd. |
Sheba – Secured Service |
| Bank Asia Ltd. |
Shofol – Unsecured Service |
| Bank Asia Ltd. |
Sondhi – Secured Trading |
| Bank Asia Ltd. |
Shombridhi – Secured Manufacturing |
| Bank Asia Ltd. |
Somadhan – Secured |
| Bank Asia Ltd. |
Subidha – Unsecured Trading |
| Bank Asia Ltd. |
Sristi – Unsecured Manufacturing |
| Midland Bank Ltd. |
MDB Orjon, MDB Diptimoyi (WE) |
| Modhumoti Bank Ltd. |
Modhumoti Progoti |
| Prime Bank Ltd. |
Sampad Rin |
| United Commercial Bank Ltd. |
UCB Durjoy |
| Uttara Bank Ltd. |
Uttaran Small Business Loan (USBL) scheme |
Required Documents
- Passport size photograph of loan applicant
- Trade license
- TIN certificate
- VAT certificate (if applicable)
- Electricity Bill
- Telephone Bill
- List and total price of fixed asset
- List of creditors
- List of debtors
- Names of employees, salary, post and monthly salary sheet
- Last 1-3 years bank statement
- One year sales report and profit & loss account of the business
- Completed CIB form
- Current customers/clients list
- Photocopy of partnership deed registered with registrar of firm duly attested by notary public (for partnership firm)
- Photocopy of registration certificate duly attested by Notary Public in case of registered firm (for partnership firm)
- Letter of partnership duly signed by all the partners, in case of non-registered firm (for partnership firm)
- Resolution signed by all the partners to open the A/C (for partnership firm)
- Other documents as per bank requirement & nature of business
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