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Business specialists

We'll craft the exact financial package to suit your requirements.

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Loan products

Assistance with loans for expansion or everyday expenses.

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Grow your business with a secured loan

Our Business Secured Loan has been designed to fund the purchase of large business assets at competitive interest rates, secured on any suitable asset.

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What you get
  • A loan of up to SCR1 million
  • Loan is repayable over one to five years
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What you need to know

The loan amount you are eligible for will depend upon your business turnover and its debt obligations, as well as the market value of the security provided (the loan amount is not permitted to exceed 80% of the assessed value of that collateral).

An arrangement fee is applicable when applying for the loan.

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What to bring when you apply

Applying for a Business Secured Loan with Barclays is straightforward. You simply need to set an appointment with your Business Banking Relationship Manager and provide us with the following documents(1).

  • Your business registration documents such as business name registration certificate in case of sole traders or partnerships, or company registration certificate and other company formation documents such as memorandum and articles of association in case of companies
  • Business licence certificate if applicable to your business type
  • A documentary proof of business address
  • A valid identification document such as Passport or National Identity Card for the proprietor, partners, shareholders and/or directors
  • A documentary proof of address (not more than three months old) such as a utility bill(2)(3) proprietor, partners, shareholders and/or directors
  • Audited financials (last three years)
  • Cash flow (month-to-month and yearly)
  • CIS (Credit Information System) form
  • Project Memorandum or Business Plan
  • Proof of equity
  1. Barclays reserves the right to accept or decline any application based on internal policy. 
  2. Additional documentation may be requested by Barclays as deemed necessary.
  3. Other documentary proof may be acceptable. Please consult your Business Banking Relationship Manager for more information.

*Terms and conditions apply

*Facility is subject to credit approval

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Develop your business with a Business Unsecured Loan

The Business Unsecured Loan offers quick and easy access to up to SCR80,000 for virtually any purpose at competitive rates and fixed monthly repayments.

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What you get
  • A loan of up to SCR80,000 for virtually any purpose at competitive rates
  • Loan is repayable over one to five years
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What you need to know
  • The loan amount you are eligible for will depend upon your business turnover and other debt obligations that it may have
  • The loan is repayable over one to five years
  • You will know exactly what your monthly repayments will be and the repayment amount will remain the same until the loan is cleared, provided the interest rate remains constant
  • An arrangement fee is applicable when applying for the loan
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What to bring when you apply

Applying for a Business Unsecured Loan with Barclays is straightforward. You simply need to set an appointment with your Business Banking Relationship Manager and provide us with the following documents(1).

  • Your business registration documents such as business name registration certificate in case of sole traders or partnerships, or company registration certificate and other company formation documents such as memorandum and articles of association in case of companies
  • Business licence certificate if applicable to your business type
  • A documentary proof of business address
  • A valid identification document such as Passport or National Identity Card for the proprietor, partners, shareholders and/or directors
  • A documentary proof of address (not more than three months old) such as a utility bill(2)(3) proprietor, partners, shareholders and/or directors
  • Audited financials (last three years)
  • Cash flow (month-to-month and yearly)
  • CIS (Credit Information System) form
  • Project Memorandum or Business Plan
  • Proof of equity
  1. Barclays reserves the right to accept or decline any application based on internal policy. 
  2. Additional documentation may be requested by Barclays as deemed necessary.
  3. Other documentary proof may be acceptable. Please consult your Business Banking Relationship Manager for more information.

*Terms and conditions apply

*Facility is subject to credit approval

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Development for small entrepreneurs

This scheme is for new business loan applications for a business with an annual turnover below SCR 6 million.

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What you get
  • Maximum loan amount of SCR 3 Million
  • Repayment period of 5- 7 years
  • Business contribution of 2.5 % on others
  • 20% contribution on real estate development projects
  • One-off arrangement fee
  • Moratorium can be negotiated(up to 6 months)
  • Two tier interest rate:
    • 5% on the first SCR 1 million
    •  7% on the next SCR 2 million
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What you need to know
  • Must have an annual turnover below SCR 6 million. 
  • Available up to SCR 3 million, and is not applicable for refinancing of existing loans.  
  • The scheme has a two tier rate structure with a repayment period of 5 to 7 years, and a grace period of 6 months. 
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What to bring when you apply

Applying for a Business Loan with Barclays is straightforward. You simply need to set an appointment with your Relationship Manager and provide us with the following documents (1), if you don’t have an existing Account with us.

  • Your business registration documents such as business name registration certificate in case of sole traders or partnerships, or company registration certificate and other company formation documents such as memorandum and articles of association in case of companies
  • Business license certificate if applicable to your business type
  • A documentary proof of business address
  • A valid identification document such as Passport or National Identity Card for the proprietor, partners, shareholders and/or directors
  • A documentary proof of address (not more than 3 months old) such as a utility bill(2) proprietor, partners, shareholders and/or directors
  • Project memorandum or detailed business plan
  • Forecasted yearly and monthly cash flow
  • Audited financials of existing business for the past 2 years 
  1. Barclays reserves the right to accept or decline any application based on internal policy. Additional documentation may be requested by Barclays as deemed necessary.
  2. Other documentary proof may be acceptable. Please consult your Business Development Manager for more information

*Terms and conditions apply

*All loan applications are subjected to internal approval

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Secure an overdraft against your fixed deposit

Make use of up to 90% of the balance in your Fixed Deposit as a Secured Overdraft Facility for day-to-day cash management.

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What you get
  • With our Secured Overdraft Facility, you can make use of the funds in your Fixed Deposit Accounts for day to day cash management
  • We offer you up to 90% of the balance in your Fixed Deposit as the overdraft limit on your current account of the same currency as the Fixed Deposit
  • The Secured Overdraft Facility is available for up to one year and may be renewed.An arrangement fee is applicable
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What to bring when you apply

Applying for a Secured Overdraft Facility with Barclays is straightforward. You simply need to set an appointment with your Business Banking Relationship Manager and provide us with the following documents(1).

  • Your business registration documents such as business name registration certificate in case of sole traders or partnerships, or company registration certificate and other company formation documents such as memorandum and articles of association in case of companies
  • Business licence certificate if applicable to your business type
  • A documentary proof of business address
  • A valid identification document such as Passport or National Identity Card for the proprietor, partners, shareholders and/or directors
  • A documentary proof of address (not more than three months old) such as a utility bill(2)(3) proprietor, partners, shareholders and/or directors
  • Audited financials (last three years)
  • Cash flow (month-to-month and yearly)
  • CIS (Credit Information System) form
  • Project Memorandum or Business Plan
  • Proof of equity
  1. Barclays reserves the right to accept or decline any application based on internal policy. 
  2. Additional documentation may be requested by Barclays as deemed necessary.
  3. Other documentary proof may be acceptable. Please consult your Business Banking Relationship Manager for more information.

*Terms and conditions apply

*Facility is subject to credit approval

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Need more help?

Call:

Tel: (+248) 438 3939

Email:

sez.customerservices@barclays.com

Talk to us