Professional and Small Business Loan
Secure up to USD 150,000 in credit
We at Byblos Bank recognize the critical role that small businesses and independent professionals play in the vitality of each and every neighborhood – and of the national economy. Most of the new ideas and innovations come from you, but to develop these you often need appropriate financing from a sound partner. This is where Byblos Bank can step in, backing up your endeavors toward new advances, job creation, and a higher standard of living for all of us. Seize emerging opportunities and let your business grow with Byblos Bank's Professional and Small Business Loan.
Business Profile
- Traders: food & beverages, electronics, gadgets, lighting appliances, home/office furniture, vehicle spare parts, books/stationery, pharmaceuticals, perfumery, make-up items, etc.
- Small industries: glass/plastic, agro-industries, packaging, etc.
- Professionals: doctors, pharmacists, lawyers, engineers, architects, accountants, graphic designers, photographers, etc.
- Services: nurseries, map plotters, hair dressers, estheticians, general maintenance, courier & express services, printing houses, etc.
- Craftsmen: carpenters, painters, wrought iron makers, plumbers, electricians, tailors, mechanical technicians, etc.
Applicant Profile
- Lebanese citizen above the age of 21
- Relevant technical skills and/or education
- Two years of working experience (unless you have other sources of income)
- Able to submit financial statements or proof of income by means of purchase receipts from suppliers, daily ledger, customers' accounts, bank statements, etc.
Facility Types
Type A: Working Capital Finance
Purpose
To support the business cash flow and/or benefit from trade finance services
Types of Facilities
- An Overdraft Facility of between USD 15,000 and USD 150,000
- A Financing Facility to finance your inventory purchases and your business activity needs over six months. Settled through one bullet payment at maturity
- Discounted Bills (with recourse) over 12 months: to finance your customer receivables
- Bills in Guarantee covering at least 1.5 times the facility (maximum period one year)
- The opening of documentary letters of credit to finance your business' purchases
- Any type of Letter of Guarantee
Type B: Business Equipment Loan
Purpose
- Purchase your Business Equipment
Type of Facilities
- Term Loan of up to 5 years
Type C: Office Facilities Loan
Purpose
- To purchase, renovate and/or expand your Business Premises
Type of Facilities
- Term Loan of up to 10 years
Other Features
Loan Amount
Between USD 5,000 and USD 150,000
Interest Rate
Varies according to market conditions and guarantees provided, but always highly competitive
Required Guarantees*
- Mortgage Agreement, OR
- Proxy to Mortgage, OR
- Commitment of Non-Disposal (Negative Pledge), OR
- Personal guarantor, OR
- On Clean Basis
Life Insurance is mandatory if business continuity is not secured. Fire insurance is requested in case of flammable goods.
Distinctive Features
- No matter what your business' legal status is – Individual (not necessarily Trade Registered), Establishment, Partnership, Limited Liability Company, or Limited Partnership – you can apply for the loan
- When reliable proof of income is available, applicants without prior banking experience are accepted
* The Bank reserves itself the right to request any additional guarantees when necessary.
|
 |
|