Business Loans
This product is a security-backed loan that is open to all Small and Medium Enterprises that are duly incorporated and registered with URSB
and City Council Trading License and have evidence of servicing reputable Companies.
Order Financing
SMEs who have orders with established Corporates can obtain short-term credit of 30 to 90 days to enable them to fulfill their Supply
contractual obligations.
Invoice Discounting
SMEs that have already supplied goods and services to Corporates and wish to get an advance against the amounts payable by the Corporate to meet their short-term needs.
Term Loans
SMEs with proven track records and regular cash flows from servicing reputable corporate organizations may qualify for a short-term working capital loan ranging from 1 to 12 months.
Loan Application Process
- SME supplier/contractor approaches Talem Credit for funding
- Talem Credit confirms the order with corporate KYC documentation reviewed
- Credit appraisal conducted
- Management credit committee approves facility
- Security verification with MLHUD & URA is undertaken
- Finance is advanced to SME.
Requirements
- Fill in the Loan Application
- Provide IDs, Passport size Photo, and other KYC documentation 1- 2 months Bank Statements documentation and supporting documents
- Directors KYC
- Management credit committee approves facility
- Copies of orders, Invoices and Supply Contracts
- Acceptable Security
Acceptable Security
- For loans up to UGX 5,000,000 – Motor vehicle (comprehensively insured)
- For loans above UGX 5,000,000 – Landed property Note: the loans committee can decide basing on the security brought forward.
You can start your application here
Click button below, Fill in the form and we shall get back to you within the shortest time possible