SME Banking
This is the provision of special financial services to meet the needs of Small and Medium Enterprises.
SME PRODUCTS
(a) Loans
• Working capital support
• Trade Finance
• Bridge Finance
• Fixed Assets Acquisition
(b) Overdrafts
• For working capital support
• Satisfactory account operation with Bank for at least six (6) months
• Tenor of up to twelve (twelve) months
(c) Temporary Overdrafts
• For immediate and urgent business needs
• Tenor of up to three (3) months
(d) Contractor Certificate Discounting
• Certificates raised/prepared in joint names of Bank & Customer
(e) Guarantees
• Bank Guarantee
• Performance Guarantee
• Advance Payment /Mobilization Guarantee
• Letters of Credit