Finance Your Business
Grow your business with a financing option from Standard Bank. Pay for property and assets, or get revolving credit to cover operating expenses.
Some of the benefits
Community
Partner with the bank that grew to be the largest in Lesotho by remaining rooted in the needs of its people
Easy Finance
Loans to help you afford your most important purchases
Expertise
Our expert advice helps you to make the best possible decisions
Put your money to work
Put your savings in our investment accounts, keeping it safe while we help it grow
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Pre Approved Loan
It is an unsecured business loan based on account behaviour(good account conduct), suitable for businesses that need quick access to working capital
Features
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- Unsecured
- Quick access to funds.
- Loan amount; minimum M5,000.00 and maximum M1,000,000.00
- Maximum repayment term 18 months
- Variable Interest rate; Bank’s prime lending rate+ risk based rate
What does it offer me?
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- Easy access to financing with no collateral/security.
- Flexibility: The loan offers business ability to address immediate financial needs.
- Convenience – Businesses are able to access funds on enterprise online.
What do I need to apply?
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- 6 months business transactional account(pre-requisite)
- Instruction letter requesting a loan
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Express Loan
It is a loan that affords a client 120% of the investment amount towards any business financial needs.
Features
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- Loan amounts; minimum M5,000.00 and maximum M2,000,000.00
- Maximum repayment terms 36 months
- 80% cash security in an investment form
- Variable Interest rate; Bank’s prime lending rate+ risk based rate
What does it offer me?
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- Access to funds within 24 working hours
- Easy access to financing with investment account used as security or collateral.
- Flexibility: The loan offers business ability to address immediate financial needs.
- No need to break the investment for immediate financial needs.
What do I need to apply?
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- 3 months Business transactional account(pre-requisite)
- Solvency certificate
- Instruction letter requesting a loan
- Cash Flow projections
Business Term Loan
It is a type of financing provided by a bank to businesses for a specific purpose, typically for capital expenditures, expansion, or other significant investments.
Features
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- Fixed loan amount; minimum M50,000.00
- Fixed repayment period; maximum term 7 years
- Variable Interest rate; Bank’s prime lending rate+ risk based rate
- Collateral/Security
What does it offer me?
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- Affordable funding aligned to your business needs.
- Structured repayment based on cash flow projections to make it easier to plan effectively.
- Financing of long-term fixed assets and business growth/expansion
- No need to take money out of your business for long-term investments.
What do I need to apply?
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- Business Transaction account(pre-requisite)
- Management accounts
- Financial Statements
- Cash Flow projections
- Instruction letter requesting a loan
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Business Revolving line of credit
It is a financing tool for businesses looking for an intermediate medium term asset or working capital finance
Features
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- Fixed loan amount; minimum M50,000.00
- Repayment period; 24 to 60 months.
- Variable Interest rate; Bank’s prime lending rate+ risk based rate
What does it offer me?
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- Flexibility: the loan amount can revolved or redrawn based on up to 50% paid up capital loan amount
- It assists with reoccurring expenses and cash-flow.
What do I need to apply?
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- Business Transaction account(pre-requisite)
- Management accounts
- Financial Statements
- Cash Flow projections
- Instruction letter requesting a loan
- Quotation of items required
Vehicle Asset Finance
This product offers vehicle and asset finance inclusive of vehicle, equipment and plant acquisition, existing plant revamp and modernisation, and renewable energy financing solutions provision.
Features
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- Loan amount; minimum 30,000.00
- Repayment period; maximum term 5 years
- Variable Interest rate; Bank’s prime lending rate+ risk based rate
- Qualifying for new or used assets.
- Assets refinance which are not older than 6months from date of importation clearance.
What does it offer me?
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- No additional security is required
- Ability to structure repayment to the specific needs of your business
- Repayment terms that suit the cash flow of your business
- A finance package that’s customised to the type of asset you want. ( tracker)
- Negotiable deposits, subject to equity requirements
What do I need to apply?
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- Business transactional account(pre-requisite)
- Management accounts
- Financial Statements
- Cash Flow projections
- Instruction letter requesting a loan
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Business Working Capital Loan
A solution intended to solve for entities who need working capital
Features
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- Fixed loan amount; minimum M50,000.00
- Repayment period; 6 to 24 months.
- Variable Interest rate; Bank’s prime lending rate+ risk-based rate
What does it offer me?
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- Provision of financing for day-to-day business operations.
What do I need to apply?
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- Business Transaction account(pre-requisite)
- Management accounts
- Financial Statements
- Cash Flow projections
- Instruction letter requesting a loan
Commercial Property Loan
It is a financing tool for businesses looking to invest in, develop, or expand their real estate holdings. It provides the necessary capital while leveraging on the property’s value as collateral. The properties can include office buildings, retail centres, warehouses, industrial facilities, apartment complexes and other income generating properties
Features
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- Secured
- Down payment from 30% of the property/project amount
- Variable interest rates; bank’s prime lending rate + risk-based rate
- Maximum repayment terms 10 years
What does it offer me?
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- Financing of long-term fixed assets and business expansion
- No need to take money out of your business for long-term investments
- Structured repayment based on cash flow projections to make it easier to plan effectively.
- Equity release: Refinancing of property
- Development financing :moratorium(payment break) can be provided during construction phase.
What do I need to apply?
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- Business transactional account(pre-requisite)
- Resolution letter
- Management accounts
- Financial Statements
- Cash flow projections
- Valuation report
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