A working capital loan is used to finance a company’s short-term operational needs; they are not used to purchase long-term assets or investments. Companies with high seasonality or cyclical sales may utilize working capital loans to help with periods of reduced business activity.
- Interest Rate: 9.00% – 14.00% computed on a reducing balance
Application Requirements for Companies
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Valid National Identification Card or Passport or Driver’s License of all Directors
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
TIN Certificate of Company
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Certificate of Incorporation
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Memorandum of Association or Articles of Association
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Annual Return (Previous two years)
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Audited Financial Statements (Previous three years)
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Business Plan / Application indicating purpose of financing
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Bank Statement from Current Bank (Minimum one year)
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Copy of Transport / Title of property offered as collateral
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Valuation of Property (To be done by an approved valuator of the Bank)
Application Requirements for Trading As
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Valid National Identification Card or Passport or Driver’s License of Owner(s)
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
TIN Certificate of Owner(s)
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Business Registration
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Financial Statements (Previous three years)
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Business Plan / Application indicating purpose of financing
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Bank Statement from Current Bank (Minimum one year)
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Copy of Transport / Title of property offered as collateral
![Icon-feather-check-square Icon-feather-check-square](https://www.citizensbankgy.com/wp-content/uploads/2023/06/Icon-feather-check-square.png)
Valuation of Property (To be done by an approved valuator of the Bank)
View related fees here: www.citizensbankgy.com/about-us/fee-structure/