• What you get

    Benefits of a business loan
    • Get access to secured facilities
    • Loan amount is dependent on affordability
    • Repayment period of up to a maximum of 5 years, but increased tenors may be considered on a case-by-case basis
    Requirements for a business loan
    • You need to have existing Absa Business Current Account
    • Business must provide financials for three years
    • Collateral or security is required

     

  • What to bring when you apply (for new customers)

    • Company profile
    • Management profiles
    • Names of the main shareholders and BOD to verify any connection with existing client/groups
    • Memorandum and articles of association or the constitution as is necessary
    • Certificate of incorporation and a list of directors
    • Confirmation of trading address
    • Return of shares allotment
    • Share certificates
    • Directors' and signatories' resolution authorisation
    • Directors' and signatories' identification documents and passports for non-citizens
    • Directors' and signatories' work permits and residence permits for non-citizens
    • The directors' personal balance sheets
    • A resolution signed by the directors agreeing to apply for the facility
    • Proposed security for the facility 

    • Minimum 3 years’ financial statements
    • Interim financials if last financials are more than 6 months old
    • Minimum 3 years' financials of parent or sister company or subsidiary in case of proposing a guarantee
    • Projected cash flows for the tenor of the loan
    • List of all debts granted by other banks and their collateral
    • 6 months' bank statements for new clients
    • Environmental compliance certification for environmentally sensitive industries
    • Any other documents specified and stipulated by the regulator

  • What to bring when you apply (for existing customers)

    • Company profile
    • Management profiles
    • The directors' personal balance sheets
    • A resolution signed by the directors agreeing to apply for the facility
    • Proposed security for the facility 

    • Minimum 3 years' financial statements
    • Interim financials if last financials are more than 6 months old
    • Minimum 3 years' financials of parent or sister company or subsidiary in case of proposing a guarantee
    • Projected cash flows for the tenor of the loan
    • List of all debts granted by other banks and their collateral
    • 6 months' bank statements for new clients
    • Environmental compliance certification for environmentally sensitive industries
    • Any other additional and required documents
Are you interested in a business loan?

Fill out the form below and we will contact you to get started




Need more help?

Call us on:
+2673159524 (Contact centre)
0800 600 783 (BTC Toll Free)

Email us:
absa.commercial@absa.africa