(For acquisition of Fixed Assets Only for Wholesale/Retail Businesses, Professional Firms and other Small to Medium Enterprises)
Do You Meet The Following Requirements?
- Are a Fiji Resident OR
- Are a FOREIGN NATIONAL and meet Reserve Bank of Fiji (RBF) and Fiji Islands Trade & Investment Bureau (FTIB) foreign investment requirements.
Documents To Be Provided When Lodging Your Application
- Projected Cash Flow and Profit & Loss Statement (for next 3 years)
- Financial Statement for last 3 years
- Business Plan
- Latest 6 months Bank Statement
- Debtors & Creditors Listing with Age Analysis
- Personal Statement of Assets & Liabilities of Shareholders & Directors
- Authority to seek Opinion from Banks
- Source & Evidence of cash contribution
- Details of External Borrowings with its confirmations
- Working Capital needs and means of funding
| Term Of Loan: |
This will depend on the nature of Fixed Assets being funded and its Economic Useful Life |
| Interest Rate |
13.5% per annum |
| Interest is calculated on daily balance and automatically charged to your account monthly |
| Equity Contribution |
35% of total fixed assets only |
Security Required
(To Adequately Cover Loan Amount And May Include) |
- Mortgage over land/Buildings
- Debenture over assets
- Joint & Several Guarantees by Shareholders and Directors of the Company for total liability
- Adequate Insurance Cover
- Bill of Sale over asset purchased
|
Call Your Nearest Branch For More Information
