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Business Loans

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Business Premises

Location is everything

If you want to expand but need a bigger, better, or bolder location to make it happen, start with a visit to Byblos Bank. Whatever the legal status of your business, if it’s been operating for at least two years, you’re eligible for a Business Premises Loan to help you reach the next level.

  • Financing

    Up to 60% of purchase price

  • Repayment Period

    Up to 10 years

  • Easy to Qualify

    Apply regardless of legal status

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Distinctive Features

  • Repayment Period

  • Repay the loan over a period of up to 10 years
  • Grace Period

  • Grace period of 3-6 months
Eligibility
Existing business (at least 2 years)
You can apply for the loan regardless of your business’ legal status: Individual (not necessarily Trade Registered), Establishment, Partnership, Limited Liability Company, or Limited Partnership 
Even if you have no previous banking record, your application will be considered if you can provide reliable proof of income
 
Required Documents

Personal documents required from the client 

  • Copy of ID or passport, or extract of civil status
  • Proof of residence (copy of title deed, rental contract, mokhtar certificate, electricity bill, phone bill, or water bill)
  • Signed list of properties, plus cop(ies)y of title deed(s)
  • Real estate certificate. Only requested on plots subject to collateral (mortgage, negative pledge, or proxy to mortgage) and for loans granted on clean basis for plots covering at least 150% of outstanding loan amount
  • Quittance letter proving settlement of client’s due to municipality

 

Documents for liberal professions

  • Declaration of income for the past 2 years as per Byblos Bank template
  • Bank statement of accounts for the past 12 months

 

Documents for guarantors or employees who have a side business

  • A copy of ID, extract of civil status of the guarantor(s)
  • Salary attestation as per Byblos Bank template

 

Documents for self-employed

  • Documents proving the place of work (lease or investment contract, copy of title deed, etc.).
  • Bank statement of accounts for the past 12 months
  • Financial statements for the past 2 years
  • Copy of company’s Commercial Circular
  • Copy of company’s bylaws
  • Copy of commercial register certificate 
  • Extract of commercial register
  • Copy(ies) of minutes of most recent meeting(s) of General Assembly and Board of Directors (as and when applicable)
  • Investment permit for industrial companies and gas stations (Beirut only; for other regions, municipality certificate is sufficient)
 
Conditions and Guarantees

Available in both LBP and USD

Appropriate guarantees are requested once application has been reviewed and may include one or more of the following:

  • First Degree Mortgage
  • Proxy to Mortgage
  • Negative Pledge
  • Personal Guarantee
  • Life Insurance
  • Fire Insurance

 

The Bank has the right to request additional guarantees in certain cases

 
Example of Annual Percentage Rate (APR)
APR calculation includes stamp fees, filing fees, expert fees, mortgage fees, and mortgage release fees
Currency: USD
Premises cost: USD 300,000
Client’s contribution: USD 120,000
Loan amount: USD 180,000
Loan period in years: 10
Grace period in months: 6 (outside the loan period)
Variable interest rate (regressive): 7.9% 
APR: 8.903%
 

This Product Goes Well With

  • Visa Business Card

    Visa Business Card

    Save time and money
    • Keeps You in Control

      Less paperwork and lower costs

    • Monthly Limit

      Up to USD 20,000

    • Annual Fee

      USD 75

  • ATM Deposit Card

    ATM Deposit Card

    The freedom to grow
    • No Hidden Fees for Checks

      Same low commissions as at your branch

    • Less Hassle and Paperwork

      Up to 50 checks or notes per deposit

    • Extra Security

      Card doesn’t allow withdrawals