SME Banking
The bank offers products geared towards small and medium enterprises (SME) that need off the Shelf Finance Products. The bank offers a number of financing solutions which address particular needs of this sector. These include: -
- Sole proprietorships
- Business names
- Limited companies
- Law firms
- Non profit organizations
Features:
- Trade finance products i.e. letters of credit, documentary collections and guarantees.
- Contract finance.
- Offers a gateway to other credit facilities offered by the bank such as contract finance, invoice discounting, overdraft facilities etc
- Interest charged at Base Rate: 15.5% p.a. plus a margin
- Processing fee charged at 1% p.a.
- Maximum period: for Loans is 48months
- In case of an overdraft facility, the period is 1 year with an option to renew the facility.
Business Motor Loan:
This is a product that is designed to help Business acquire a motor vehicle that will help imporve the busienss productivity and services. The vehicle is used as the security for the loan.
Email: sme@boakenya.com
Opening an Account
Click below to:
Print Account Opening Forms
Locate the nearest Bank of Africa branch
Send an e-mail to obtain further information