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Business Financing

No two businesses are alike, and so the best financing for your business is also unique. Understanding your funding options is a great place to start when considering a new business loan. NCBA Bank not only offers you a wide range of options, but also the flexibility to tailor your financing to fit your needs.

Asset Finance

NCBA Asset Financing provides tailor-made asset finance solutions. Get approval for your loan in no time, with simple documentation that means no hidden costs. On top of that, you have convenient banking with a personal Relationship Manager and favourable payment terms.

We offer loans for the below products amongst others:

Features

  • Commercial vehicles
  • PSV Vehicles
  • Buses
  • Trucks and pick-ups
  • Tractors and related implements
  • School buses
  • Office equipment
  • Contractor equipment
  • Industrial equipment
  • Medical and Laboratory equipment
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I am interested

Secured Business Loan

Our secured business loans are available to businesses and individuals in business who need to finance expansion or diversify their business assets. Get a loan with a flexible repayment period that is based on your business and borrowing purpose.

Features

  • Offers flexible security options.
  • Maximum tenor period of up to 5 years for capital expenditure (CAPEX) and 3 years for working capital.
  • Repayment period is assessed on existing business cash flow and cash flow projection.

I am interested

Secured Overdraft

A flexible, short term working capital financing facility on your business current account. Funds are available immediately and repayable on demand, giving you extra funds to manage your day to day cash flow and working capital needs.

Features

  • Maximum repayment period of 12 months.
  • Flexible loan amount determined by business need and cycle.
  • Overdraft can be utilised at your business’ prerogative.

I am interested

Property Finance

NCBA Bank property financing covers the purchase of single residential or commercial units, purchase of multiple residential or commercial units, purchase of office blocks, Go Downs or light industrial property.

Features

  • Flexible tenor periods of up to 180 months depending on the type and purpose of the property.
  • Loan amount is determined by your need as well as serviceability of the loan.
  • Repayments can be tailored to suit your business cash flow.

I am interested

Equity Release

Need funds for additional investments, to increase working capital or business expansion, NCBA’s Equity Release option can help you unlock the value of your property, with financing against an existing mortgage or on a property as collateral.

Features

  • Maximum loan repayment period of 120 months (10 years).
  • Flexible loan amount determined by business need and cash flow.
  • Available in UGX and foreign currency.

I am interested

Construction Finance

Whether you want to construct residential property, or commercial properties for sale, rent, or for buy-and-build, NCBA has the right financing solution for you. Our financing facilities allow you to acquire fixed assets without affecting your business’s day-to-day capital.

Features

  • Loan amount is according to the serviceability of your business, demonstrated from existing and projected income streams.
  • Customer to pay a minimum 3 months’ interest upfront or as required, based on a case by case basis where repayment ability is based on projected cash flows.
  • Customer to contribute a minimum of 30% of gross construction costs.
  • For Buy-and-Build, the customer must contribute a minimum of 30% of the total costs of land and construction.
  • Loan has a maximum repayment payment period of up to 36 months with a maximum grace period of up to 24 months.
  • Can be converted to a mortgage after the construction period, with a tenor of up to 120 months from start to finish of the construction journey.

I am interested

Land Purchase Loan

With convenient repayment periods of up to 60 months, acquiring assets for your business is possible with NCBA. Whether you need plots for investment commercial use or business expansion, we have a tailored solution suited to your needs.

Features

  • Maximum plot size of 2.5 acres.
  • Minimum loan amount of UGX 5,000,000.
  • Financing is for plots within Kampala metropolitan and major urban and rural areas within major towns.
  • Business must be established for at least 2 years with a good track record.
  • Loan-to-value ratio is based on the value or selling price of the plot, or whichever is lower.
  • Loan repayment period of up to 60 months.
  • Interest is calculated on a reducing balance basis.

I am interested

Revolving and Non-Revolving Stock Loans

Financing that offers you the flexibility to purchase stock as demanded by business, while maintaining working capital to keep you going. This financing offers convenient repayment periods and is structured according to your trade cycle.

Features

  • Repayment period of up to 36 months, subject to purpose and business net cash cycle.
  • Maximum repayment period of 12 months for revolving loans, with a maximum 180 days for each drawdown, subject to the business net cash cycle.
  • For revolving limits and on a case to case basis, interest can be serviced monthly and principal repaid at once at the end of the term.

I am interested

Auto-Equity Loan

For when you need quick financing for business needs such as expansion or working capital. NCBA allows you to tap into up to 50% of the value of your business vehicles.

Features

  • Loan amount to be determined by serviceability and car value.
  • Repayment capacity is assessed on existing businesses revenue streams.
  • Tenor period of up to 36 months depending on the purpose of funds and the age of the vehicle.
  • Saloon cars must not be older than 13 years, and pickups and trucks must not be older than 14 years at the time of repayment.
  • Vehicles’ valuation must be carried out by a valuer on NCBA Bank’s panel.
  • Vehicles must be fitted with a tracking device fitted by a company listed in NCBA Bank’s panel.
  • Vehicles must have up-to-date and comprehensive insurance.

I am interested

Invoice Discounting

Release funds from your unpaid invoices to ensure business flow, while maintaining control over the collection of payments. Our Invoice Discounting solution is quick and tailor-made to your business needs, with negotiable terms and payment periods of up to 180 days.

Features

  • Repayment capacity is assessed on existing businesses and cash flow projections.
  • Interest is paid upfront and principal repaid at once at the end of the term.
  • Up to 80% discounting of the invoice face value.
  • Only invoices from approved parties will be accepted.

I am interested

Contract Financing

Get up to 70% of the value of your contract to fund your business needs or working capital. This facility is tailored according to individual credit limits, existing and projected income streams. It also offers repayment periods of up to 180 days.

Features

  • NCBA can negotiate a discount with your suppliers and reduce trading costs with upfront payments facilitated by the loan.
  • Flexible repayment terms; pay in monthly installments or at once.
  • Tenor of the contract should not be more than 24 months.

I am interested

Investment Club Loan

Let us help your Chama or self-help group grow with the Investment Club loan that lets you seize investment opportunities as they arise. This loan facility is open to both formal and informal investment groups.

Features

  • Minimum loan amount of UGX 1,000,000.
  • Maximum loan amount of UGX 1,800,000,000 or 4 times the amount of savings, whichever is lower.
  • Maximum repayment period of 60 months.
  • Investment group should be formally registered and have been in existence for at least 3 years.
  • Monthly repayment should not exceed 50% of monthly contributions, exclusive of any income-generating activity.

I am interested

Unsecured Business Loan

Specially designed financing, tailored to provide businesses with easy access to funding for various specific initiatives as approved by management. This financing enables businesses to focus on growth without worrying about collateral or acquisition of assets.

Features

  • Maximum amount of UGX 100 million, subject to loan serviceability.
  • Maximum repayment period of 24 months.
  • Repayment ability is assessed on existing business cash flow.
  • Borrower must have Personal Accident and Death insurance cover.

I am interested

Cash-Covered Loans

Quick and convenient financing with NCBA’s Cash Loans of up to UGX 500 million. Borrow up to 120% on funds in your account. This facility is easy to apply and qualify for, and you can improve your credit score to secure larger amounts after you repay it.

Features

  • Security of 90% of account funds if the loan is in local currency.
  • Security of 120% of account funds if the loan is in foreign currency.
  • Must have held an NCBA transactional account for at least 3 months.
  • Fixed deposit to be liquidated and used to settle any loan arrears beyond 30 days.

I am interested

Insurance Premium Financing

Pay your insurance premiums in smaller amounts rather than the lump sum on your insurance quote. Insurance Premium Financing through NCBA Insurance Agency is quick, easy to apply with simple documentation, and has no hidden fees.

Features

  • IPF is available for all types of insurance that are renewed annually.
  • Minimum repayment period of 4 months and a maximum of 10 months.
  • Available for both account holders and non-account holders.

I am interested

Operating Leases

Get the equipment you need for your business without the burden of acquisition cost. We offer SMEs, corporates and government organisations flexible lease structuring with reasonable initial deposit and purchase costs.

Asset classes that can be leased include:

  • Motor vehicles
  • IT equipment
  • Supermarket equipment
  • Construction equipment
  • Furniture, fixtures and fittings
  • Medical equipment
  • Industrial equipment

Features

  • One does not require large initial capital for deposit or purchase.
  • No risks of obsolescence of the asset.
  • NCBA lease structuring is flexible.
  • Full lease rental is an operating expense thus provides a tax benefit to your business.
  • One can extend the lease term or replace old assets with new ones.
  • NCBA Bank disposes of the leased asset for you at the end of the lease term.
  • VAT on the asset leased is spread over the lease term of the asset.
  • Rental payments are not based on 100% cost of the asset.

I am interested

Sounds like a deal?