Commercial Loans
A Commercial Loan is a type of short term or long-term loan that is used by companies to fulfill their financial requirements.
- Fund Capital Expenditures
- Up to ten years repayment options available
- Interest rate: 9.00% – 14.00% computed on a reducing balance
The proceeds of a Commercial Loan are generally used to fund capital expenditures and operations.
Commercial loans are generally repaid within a short term. However, a maximum of ten years is available based on qualifying factors.
Interested in one of our Commercial Loans?
Submit an enquiry online and one of our representatives will arrange a call to discuss your needs.
Application Requirements for Companies
- Valid National Identification Card or Passport or Driver’s License of all Directors
- TIN Certificate of Company
- Certificate of Incorporation
- Memorandum of Association or Articles of Association
- Annual Return (Previous two years)
- Audited Financial Statements (Previous three years)
- Business Plan / Application indicating purpose of financing
- Bank Statement from Current Bank (Minimum one year)
- Copy of Transport / Title of property offered as collateral
- Valuation of Property (To be done by an approved valuator of the Bank)
Application Requirements for Trading As
- Valid National Identification Card or Passport or Driver’s License of Owner(s)
- TIN Certificate of Owner(s)
- Business Registration
- Financial Statements (Previous three years)
- Business Plan / Application indicating purpose of financing
- Bank Statement from Current Bank (Minimum one year)
- Copy of Transport / Title of property offered as collateral
- Valuation of Property (To be done by an approved valuator of the Bank)
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View related fees here: www.citizensbankgy.com/about-us/fee-structure/