Grow your company with our Small and Medium Term Loans from BIC Bank. Our facility comes with a host of benefits and are tailor made to meet your unique business needs. The facility is a loan where repayments are made over a period of between one and five years, with the aime to support working capital revolving and liquidity to business operations.

Short-term Loans is to be repaid in less than a year is mainly aimed to support cash flows and liquidity in growing businesses, especially operational expenses, working capital, purchasing raw materials or equipment.

1. OD: an overdraft is a facility granted over a specified period and repayable on demand. Customer is allowed to withdraw amount in excess of the credit balance available in the customer’s current account up to an agreed limit, at any time up to certain date or review date. The charged interest only on the amount it uses and rate of interest depends on the purpose for which the facility is used, the security offer and the value of the account.

2. RSTL is a short term facility considered as working capital that allows a business to borrow money as needed for funding working capital needs and continuing operations. Mostly, this is using to make a payment for importing products, purchase materials, etc.

BIC BANK provides business with working capital which can be paid off over an extended time frame that exceeds 5 year in duration. This can use to purchase assets, inventory or equipment which can then be used to create additional income for the business. Discuss with our client services team for more details and how we can tailor a solution for you.