This is a type of Loan given to Companies or individuals working on a specific project (construction, maintenance or repair, decommissioning, manufacturing or production, event management, creative & design, etc.). An agreement is entered into between Nyasa Capital Finance and the company or individuals to meet the specific needs of the project and the time frame. Either the company or the individual is responsible for making the repayments.
To finance project requirements of the SMEs, we assess and verify the project being conducted and assess stage of completion.
LOAN REQUIREMENTS
- National IDs (including witnesses)
- Contract
- Stamped bank statements (last 3 months)
- Financial Statements
- Board Resolutions (if applicable)
- Utility Bills
- Original copies of the Collateral
- Blue book for Motor Vehicle not more than 10 years
- Title deeds for Land or House
- Valuation report of collateral
- Security documents
- Business Registration Certificate
- Assignment of Proceeds
- Financial interest clause (on comprehensive insurance)
- Company profile
- Repayment plan and financial projections