A facility that is availed to fund the day-to-day operations of a business, ranging from payment of employees' wages to covering accounts payable.
Under this loan, Pinnacle Financial Services requires SMEs to possess the following to qualify for this loan:
- Business has to be in operation for a year and registered with Registrar General
- Business Registration
- National ID
- MRA Tax Clearance
- Signed LPO/Contract
- 6 months bank statement
- Financials for the amount over 10million
- Partnership deed for a partnership business/Articles of association for a Limited company
- Business Profile
- Assignment of proceeds /Documents for the property to be pledged
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