SME Loans
SME loans is to be granted to
- Small Liberian Businesses affected by the Ebola Viral Disease (EVD), that are still operating .
- Credible Women Organizations (Including Market Unions) that lend to women to do small businesses
- Consolidated SME groups with good credit history.
Organized Credible Credit Unions that lend to small Liberian businesses
- Liberian Businesses that need stock, where funds can be paid directly to the Supplier on behalf of customers (Similar to the LPA)
- Small Businesses bank guarantees (Interest will be paid to the bank).
- Medium sized Liberian owned businesses that are doing well
BASIC REQUIREMENT
- Active bank account with SIBLL Bank
- Financial statements/sales history & projections
- Collateral/security documents & picture
- Collateral appraisal & business visits by credit analyst
- SIBLL credit application form
- Market challenges report
- Positive CBL credit check (requested by SIBLL)
- Request letter
