Business Loans and Overdraft
At Standard Chartered, we understand how important it is to be financially flexible. That is why we offer a comprehensive range of credit facilities with competitive interest rates and a variety of repayment options to suit your needs.
So whether you are in need of financing for working capital, business growth or for import of goods and / or services, we can structure a financing solution best suited to your requirements.
Eligibility
To be eligible, your business must fulfill the following requirements:
- Sole Proprietorship, Partnership or Private Limited Company registered or incorporated in the Falklands;
- Have been established and in operation for at least 3 years.
Security Requirements
Acceptable collateral/securities are typically Cash, Bank and Government Guarantees, Standby Letters of Credit (SBLCs), Residential and Commercial Properties.
Documentation required
Standard documents include:
- Profit & Loss Balance Sheet of past 3 years (audited / management)
- Projected Profit & Loss for the next 3 years
- Latest debtors and creditors aging report
- Personal net worth statement
- Organisation chart / management team
- Brief write-up of company profile / background
- Projected cash flow for project (scope of work)
For more information on Standard Chartered Business Loans and Overdraft, please visit our branch or call us at +500 21352.
Bank's terms and conditions apply.