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Standard Bank Babbosha Unnayon


Standard Bank BABBOSHA UNNAYON (UNSECURED-UP TO BDT 5.00 LAC)

"Standard Bank Babbosha Unnayon" is Collateral Free SME Investment facility to augment capital base for business expansion, purchase of new business space or expansion of existing outlets and capital machineries and also to purchase light or heavy vehicles for business use.

Key Features



     Investment facility for business expansion, purchase of new business space or expansion of existing outlets and capital machineries and also to purchase light or heavy vehicles for business use.
     Facility Type – Term Investment/ Continuous Investment.
     Investment Ceiling – 70% of total cash requirement [100% in case of cash collateral (FDR)/enchashable instrument] but not exceeding Tk. 5.00 Lac.
     Investment Tenure – Maximum 36 months for Term Investment and grace period may be allowed maximum 6 months; Maximum 36 months for Continuous Investment
     Nominal Interest Rate.


Eligibility



     Age: At least 21 years.
     Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the Investment.



Required Documents



     Valid trade license.
     Special license/permission (if applicable) for business operation.
     Notarized partnership deed/registered by Sub Register Officer (in case of partnership).
     Memorandum and Articles of Association in case of Limited Company.
     Passport/National voter ID/ward commissioner/UP chairman certificate of the Proprietor/Partner/Directors.
     Photo of the proprietor/Partners and guarantors.
     Statement of all active bank Investments (if any).
     Last 12 months bank statement of transactional account.



Security Arrangement



Primary Security:
     Hypothecation of machineries, equipment, vehicles, inventories.
     Personal guarantee of Proprietor/Partner/Directors and their spouse.
     02(two) 3rd party Guarantors whose Net Worth must not be less than the proposed Investment amount/Investment limit.
     Lien of cash collateral (FDR) and other encashable financial instrument (in any)