Micro SME loan is a midterm financing solution catered for SMEs to accelerate their business growth, this product is designed to accommodate the SMEs in particular to suit their needs given their nature.
Product features
- Maximum tenor of 18 months
- Can be both secured and unsecured
- We’ll use your recent bank statements to assess this facility — you don’t need audited financial statements
Product checklist
Financial information
- Audited financial statements for the past 3 years
- Management accounts
- Cash flow projections (aligned with the facility tenor).
- Projected balance sheet, income statement and cash flow statement for the duration of the facility (applicable for term loan facilities only)
- Bank statements for the past 12 months (all currencies)
- List of stock and debtors – categorised by age
- Copies of existing contracts
Non-financial information
- Certificate of incorporation
- Business licence
- Tax clearance certificate
- Memorandum and articles of association
- Loan application letter
- Board of directors’ resolution to borrow
- Company profile.
- Consent to check company and shareholders’/directors’ information in the Credit Reference Bureau
Frequently asked questions
Apply for your micro SME loan today!
Call us: 0800750078 (toll free), +255 (0)746 882 000 (network charges apply). Available from Monday–Friday 08:30– 17:00 p, *Saturday from 09:00-14:00 *Excluding Sundays and public holidays
Email us: talktous@absa.co.tz
