SHORT TERM LOAN

Are you looking for a short term loan to finance your business?

Berhan short-term loans are given for one year. It is provided as working capital, for acquiring income-producing assets (machinery, equipment, and inventory) that generate cash flows for the repayment of the loan.

Type of document required

– In order to begin the loan application process, you must present:
– Loan application letter
– Identity card
– Proof of income or employment
– Marital status
– Be at least 18 years of age
– Collateral ownership document

– Trade/Business License
– Tax Identification Number
– Vat Identification Number
– Investment License
– Principal registration certificate

– Commercial Credit Report /CCR/ for loan request below Birr 1 million
– Provisional Financial Statements for loan requests from Birr 1 – 5 million
– Audited Financial Statements, including cash flow forecast
– Projected Financial Statement for project loan request

Title deed/LHC, Lease agreement, lease payment receipt Booklet, etc

– Management and Organization
– Facilities (Factory building, store, shop, vehicles, machines, etc)
– History and nature of the business

– (Term loan, Overdraft account statement, merchandise loan account statement, statement that shows Import/Export performance – at least six months )

– Stock, debtors, and creditors, and other significant figures break down
– Ownership certificates or rent contracts of properties
– Memorandum and Article of Association
– Supporting documents of business facilities – warehouse, machines
– Contracts at hand and construction projects completed
-Machinery Invoice – purchased and to be purchased
– Tax Clearance Certificate

Demos

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