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Objectives:
 | To assist SMEs (Industry/Trading/Service) access to finance. | | To meet the need for Financing SMEs towards overall growth of the economy & employment. | | To expand bank's exposure in SME Segment. | | To make self-reliant SMEs and to habituate them in banking. |
Purpose and Tenure:
| Working Capital Finance (up to 03 years ) | | | - Short and Mid Term Working capital finance. | | | - Business Expansion on current product line. | | | - Avail funds against secured investment. | | Project Finance (up to 05 years ) | | | - Purchase vehicles to be used in business (e.g. covered van, pick-up van). | | | - Purchase machines to increase production. | | | - Office/Business premises renovation. | | | - Purchase office equipment. | | | - Purchase expensive medical equipments for clinic or hospital. | | | - Avail funds against secured investment. |
Repayment Opportunity: | Overdraft with quarterly reduction of limit or EMI basis for Working Capital Finance. | | Project finance (term loan) on EMI basis. | The minimum and maximum loan amount for SMEs is Tk 2 Lacs and Tk 50 Lacs.
Security Requirement: | Financing up to Tk 10 Lacs is allowed against hypothecation and personal guarantees. | | Financing up to Tk 50 Lacs is allowed against hypothecation and registered mortgage over immovable properties - for all groups.personal guarantees. | | Financing up to Tk 15.00 Lacs is allowed against hypothecation and personal guarantees - for Women Entrepreneurs. |
Eligibility of applicant : | Ideally a sole proprietorship concern. | | Age of the applicant has to be within 25-52 years and Bangladeshi citizen. | | Business established for minimum 02 years (03 years for women entrepreneurs). | | Monthly sales turnover is more than Tk 6 lacs (for urban areas) and Tk 3 lacs (for rural areas). | | Operating in a rented / owned premises for a minimum period of 2 years. | | SMEs having total assets (excluding land & building) between Tk 50,000/- to Tk 1 Crore. | | Taxpaying business firm. | | Having good financial track record. |
Eligibility of Guarantor: | | Age has to be 25-52 years. | | Reputed business man or professional having sufficient income to repay the entire loan. | | Executive/departmental head of large corporate body or multinational companies. | | Taxpaying individual, etc. |
Documents required: | Trade License current and 02 years old. | | Photograph, business card, passport/National ID/driving license of applicant. | | Current utility bill of business house and residence of the applicant. | | TIN certificate of the applicant. | | Bank account statement if any. | | Sanction Letter or statement of loan account of active loans. | | Stock, Receivables and sales statement, etc. | | Any other valid document reflects stability in the business. | |
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