Commercial LoansWe help you to grow and expand your business
We help you to grow and expand your business. Funding in the form of medium- or long term loans to finance your capital expenditures.
Construction or expansion of premises, the purchase of new or used assets, at Bank of Africa we work with you to find the optimal financing solution.
- Formal Application stating the amount, purpose, tenor, source of repayment and proposed security.
- Audited accounts for at least three financial years, prepared by a Certified Public Accountant, with an unqualified opinion.
- Management Accounts for the most recent concluded month.
- Projected Cash flows for the period of financing.
- Valuation report for the property/ assets to be pledged as collateral.
- Business Plan/ Updated Company/ Business profile.
- Financial Card Number for the borrowing entity.
- Any other information as may be requested by the Bank, depending on the nature of the request.