Introducing business banking to help grow your business.
This is not just any business loan, it’s a tailor-made product with great benefits to help you along the way.
All our business loans start from a minimum of R250 000 and a maximum of R1 500 000.
Qualifying criteria to apply:
All businesses or borrowers catering to Agriculture & Fishing, Energy, Construction, Real Estate & Business Service, Information and Communication Technology (ICT) products & services, Health, Tourism, Hospitality, Manufacturing, Transport & Storage, Trade, Community, Personal and Social Services and Mining & Quarrying will be considered.
Additional criteria will include:
Purchase Order Financing | Business Loans | |
Borrower must be in business for at least 12 months, unless has a 12 months contract or off take agreement | ||
Minimum turnover of R 50 000 per month and R 600 000 per annum | ||
Business must be solvent and meet the necessary key financial ratios required by the bank | ||
SMME must be in possession of a PO from an established/credible buyer | NA | |
Ubank will pay the supplier directly for the services or goods | NA | |
Services or goods must be sourced from a verified supplier | NA | |
Satisfactory Bureau Check |
Deviations from this criteria can be made in the following cases:
Documentations required to apply for a Business Loan: