Business Loans
Unsecured business loan
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- Loan Amount : Up to UGX 200 million
- Loan Term : Up to 36 months
- Interest Rate : Variable(Fixed)
- Unsecured business loans of up to UGX200,000,000
- Fixed interest rates
- Flexible repayment period of up to 36 months
- Your company must have an active Absa Uganda Business Account to apply
- Your business must be 3 years or older
- You must present business registration documentation when you apply
Trade Finance Loan
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- (Corporate and Investment).
Trade safely and with confidence locally and abroad.
Letters of Credit:
- Import Letters of Credit (irrevocable, payable within 24 hours of application).
- Revolving Letters of Credit (for long-standing trade relationships).
- Standby Letters of Credit (irrevocable and payable on demand).
Credit Re-Financing:
- Refinancing up to 180 days after payment due date.
Export Financing:
- Pre-Shipment Financing (working capital for production).
- Post-Shipment Financing (funds after shipment but before maturity).
- Guarantees, Bonds, and Indemnities:
- Bid Bonds, Performance Guarantees, Custom Bonds, Advance Payment Guarantees, etc.
Invoice and Bill Discounting:
- Enhances cash flow by discounting invoices or bills.
Businesses engaged in import/export or trade activities.
Corporate clients requiring trade financing solutions.
Fees vary depending on the type of trade finance product (e.g., letter of credit fees, bond fees, etc.).
Centenary Bank Guarantees
- Loan Amount :up to 44.8 Billion
- Loan Term :
- Denomination: Local and foreign currency.
- Maximum Unsecured Limit for Bid Bonds: 600M UGX.
- Maximum Guarantee Amount: Up to 44.8 Billion UGX.
- Security Cover: 50% for other types of guarantees.
- Non-Fund Based Facility: Attracts fees and commissions as per the bank’s tariff.
- National ID/Passport.
- Bank statements (last 12 months).
- Certificate of Registration.
- Company profile.
- Borrowing resolution.
- Completed bank guarantee application form.
- Financial card.
- Security cover (up to 50% mortgage on property or cash).
- Fast processing.
- Opportunity to secure business contracts.
- Opportunity to access an unsecured limit up to 600m for bid guarantees /bonds only
- Accessed alongside other credit facilities
- Client obtains credit hence easing increase in liquidity
- Immediate compensation to beneficiary incase of default
Cente Micro Business Loan
- Loan Amount :Up to UGX 50 million
- Loan Term : Up to 24 months
- Interest Rate : Variable
- Maximum loan amount of up to UShs 50 million.
- Flexible and regular repayment plans.
- Minimum loan amount of UShs 100,000.
- Minimum loan period of 3 months
- Interest charged on declining balance.
- Maximum loan period of 24 months
- Current or Savings Bank account.
- Payment of processing fee
- Applicant must be resident within the branch designated area of operation.
- Completed loan application form
- Inspection of collateral
- There must be an on-going business activity
- Payment Of Loan Processing Fees
- Security can be fixed and/ or movable assets
- Financial card
- Guarantees, personal or corporate
Stanbic Bank Business Loan
- Amount: Upto 10 Billion
- Interest: 17%
- Loan Term: Upto 15 years
- Repayments structured to suit business cah flow.
- Structured loan considering your business cash flow needs and amount you have available for deposits.
- Amount of the loan depends on your business’ confirmed projected cash flow.
- Insurance.
- 24 hour business banking support through Business Enterprise Direct Center.
- Business legal documents.
- Business financial statements (income statement, balance sheet and cash flow statement).
- 12-month cash flow forecast.
- Proof of equity contribution and source of these funds.
- Business statement for the past operational 6 months.
- Financial card.
- Prime plus margin interest rates.
- Arrangement fees (2% of the loan amount).