Express Trade

Purpose	Working capital needs through ODs and trade facilities
Description	Product targeted at small business segment involved in international and local trade
Eligibility	Types of Business: Sole Proprietors, Limited Liability companies, Partnerships, professional firms. Business Ownership: Ghanaian registered business 51% + Ghanaian owned Age of business: 3 years
Turnover Range	Min: GH¢ 78,400 (117.6k for NTB) Max: GH¢ 2.94 million
Product	Trade facilities
Tenor	Trade facilities: to meet customer’s working cycle but not exceeding 120days OD: 12 months but recallable anytime
Documentation Required	3 years audited financial statement, 6 month bank statement (for NTB) Certificate of incorporation/Registration/Commencement of business Practicing Certificate (Professional firms) Memorandum/articles of association (companies)
Loan Amount	Min: GH¢ 19,600 (29.4k for NTB) Max: GH¢ 343,000
Price	Base + 2-7%
Other Requirements
Security	Cash/T-Bills/fixed deposits, landed properties, Bank Guarantees
LTV	Landed Property – 70% max Public Quoted Shares – 50% BG/SBLC – 96% T-Bills – 85% Cash – 96% (LCY); 90% (FCY)
Acceptable Areas for Landed Property	Accra, Tema, Kumasi, Takoradi, Tamale, Koforidua, Sunyani, Takwa, Cape Coast, Obuasi & Techiman