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 froma 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: