business lending

home business lending

COGEBANQUE offers a number of different lending options that may meet your business needs.

Our Relationship Managers will guide you through the different options available:

  • Contract Financing
  • Invoice Discounting 
  • Insurance Premium Financing
  • Overdraft 
  • Investment loans
  • Syndicated Financing

The Contract Financing Facility enables customers to execute purchase orders or contracts. The bank finances up to 70% of the cost of the order/contract, excluding advance payments where applicable. The buyer will be required to sign an assignment of receivables committing to pay contract proceeds into the customer’s designated account in Cogebanque. Where possible, a line of 12 months renewable may be granted.

The Invoice Discount Facility enables customers to bridge the debtors’ gap and continue with their business activities while awaiting settlement of invoices.

Benefits:

  • Flexible access to funds especially when the line is already in place.
  • Quick processing and disbursement.
  • No penalty for early repayment.

The Insurance Premium Finance (IPF) enables customers finance insurance premiums and get a flexible period within which to repay the loan. Customers might need this type of financing especially in cases where the insurance company may need a large initial upfront payment. The facility is payable in 3, 6 or 9 monthly instalments.

Overdraft is commonly extended for working capital requirement. The facility will finance fully fluctuating working assets of a business mainly stocks and trade debtors. It’s not intended to finance permanent working capital and any form of long term assets. We offer you a short term loan from 1 to maximum 12 months which is granted under the following conditions:

  • Have a major procurement contract.
  • Notification awarding tender.

This facility finances the acquisition of business assets, acquisition of another business, and a business expansion or diversification. Repayment spread over an extended period, matching the life of the asset financed or the cash-flow providing repayment.

We have developed a consultative approach to provide you the right financing solutions that best suit your needs.

From domestic to international banks, our team has successfully syndicated loans of numerous projects from various industries. Our quick response time, commitment and relationships with regional and international banks allow us to guide you and provide you the funding you need to help your business achieve your strategic goals.

  • Arranging and leading major deals and complex financing structures for local and regional customers
  • A dedicated team with specialized industry knowledge
  • A well-established network and strong relationships with local, regional and international banks
  • A full suite of financial services, together with other relevant Cogebanque products and service

In addition to some basic personal information, you should also be prepared to provide the following:

  • Copy of ID/ Passport.
  • Copy of spouse’s ID/Passport (if applicable)
  • The Civil Status Certificate
  • The Physical Address and Phone.
  • RDB / TIN Registration.
  • Memorandum of Shareholders.
  • Resolution of Shareholders (for legal persons).
  • Mortgage: Contract Hire LT or Title, Expertise,
  • Salary: Employment contract, salary certificate, pay slip for 3 months, certificate of indebtedness
  • Collateral: Equipment expertise to pledge, Copy of Equipment Identification and Invoice.
  • Support: letter of guarantee (guarantor).
  • Insurance: Insurance contract.
  • Financial Status: Balance sheet, income statement (when it comes to business) cash flow.
  • Business plan: For beginners
  • Financial situation of the client plus income vouchers: i.e. Contracts