SBL Babbosha Shachal (Working Capital Finance)/

The loan facility in terms of Working Capital to meet cash requirement to ensure smooth day to day business operation for Small and Medium Enterprises (SMEs) involved in Manufacturing/Trading/Services.

Key Features
- 1. Any justifiable working capital need for small and medium enterprise customers.
  2. Facility Type -Continuous Loan, LC (Signt/DP) and
  3. Loan Ceiling - Tk. 2.00 Lac to Tk. 50.00 Lac for cottage/micro/small enterprise customers and Tk. 2.00 Lac to Tk. 300.00 Lac for medium enterprise customers.
  4. Loan Tenure - Continuous Loan for maximum 12 months and LC(Sight/DP)/LTR for prescribed tenure.
  5. Nil margin LC facility.
  6. Nominal Interest Rate.
Eligibility
- 1. Age: At least 21 years.
  2. Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the loan.
Required Documents
- 1. Valid trade license
  2. Special license/permission (if applicable) for business operation.
  3. Notarized partnership deed/registered by Sub Register Officer (in case of partnership).
  4. Memorandum and Articles of Association in case of Limited Company.
  5. Passport/National voter ID/ward commissioner/UP chairman certificate of the Proprietor/Partner/Directors.
  6. Photo of the proprietor/Partners and guarantors.
  7. Statement of all active bank loans (if any).
  8. Last 12 months bank statement of transactional account.
Security Arrangement
- 1. Hypothecation of machineries, equipment, vehicles, inventories.
  2. Personal guarantee of Proprietor/Partner/Directors and their spouse.
  3. 02(two) 3rd party Guarantors acceptable to the Bank and whose Net Worth must not be less than the proposed Loan amount/Loan limit.
  4. Lien of cash collateral (FDR) and other encashable financial instrument.
  Collateral (not compulsory for credit facility up to Tk.5.00 Lac):
  1. Registered mortgage of property/ownership of the space/possession right purchased in Bank's name.