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Business 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:
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Trade finance
products i.e. letters of credit, documentary collections
and guarantees. |
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Contract finance. |
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Offers a gateway to other credit facilities offered by the bank such as contract finance, invoice discounting, overdraft facilities etc |
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Interest charged at Base Rate: 15.5% p.a. plus a margin |
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Processing fee charged at 1% p.a. |
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Maximum period: for Loans is 48months |
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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.
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Email: sme@boakenya.com |
