LankaBangla Working Capital Solutions

Table of Contents

Product Summary

Short Term Loan: This financing facility is designed to meet sudden business requirements such as procuring additional raw materials, spare parts for machinery, wage payments, and supplier payments.
Revolving Short Term Loan: A flexible financing option for replenishing working capital, whether it arises from business expansion or to cover day-to-day operations.
Distributorship Financing: Specifically tailored to provide working capital support to wholesale distributors of renowned local/multinational corporate houses, aimed at strengthening their capital base and expanding their client base.
Work Order Financing: Short-term working capital support provided to vendors for undertaking specific orders.
Import Documents Release Loan: A financing option providing short-term financial support to importers for releasing imported goods from ports.

Product Features

Facility Amount: Loan amounts ranging from above BDT 10.00 million to BDT 150.00 million.
Facility Type: Short Term Loan.
Loan Term: 12 months.
Payment Mode: Flexible payment options including EMI/Structured/monthly/quarterly interest payments with principal repayment at the end of the tenure.
Security: Collateral such as land, buildings, flats, etc.

Eligibility Criteria

Business Experience: Minimum of 5 years’ experience in the same line of business.
Eligible Entities: Sole-proprietorships, partnerships, and limited companies can apply for the loan. For sole-proprietorship businesses, the entrepreneur’s age should be between 21 years and 60 years.

Required Documents

Copy of updated Trade License (including enlistment and licensed documents issued by regulatory authority).
Photographs of Applicant and guarantor(s).
Valid NID/Passport/Driving License of Applicant and Guarantor(s), Trade License, E-TIN.
Bank statement of the last 12 (twelve) months.
Copy of Utility bill.
Rental deed copy.
Necessary security documents.

Frequently Asked Questions (FAQs)

Q1: What is the purpose of LankaBangla’s Short Term Loan?
A1: The Short Term Loan is designed to address sudden business needs such as procuring raw materials, machinery spare parts, wage payments, and supplier payments.

Q2: Who is eligible to apply for LankaBangla’s Working Capital Solutions?
A2: Sole-proprietorships, partnerships, and limited companies with a minimum of 5 years’ experience in the same line of business are eligible to apply. For sole-proprietorship businesses, the entrepreneur’s age should be between 21 and 60 years.

Q3: What is the maximum loan amount available under LankaBangla’s Working Capital Solutions?
A3: Loan amounts range from above BDT 10.00 million to BDT 150.00 million.

Q4: Can I apply for more than one type of financing option simultaneously?
A4: Yes, depending on your business needs and eligibility, you can apply for multiple financing options simultaneously.

Q5: What types of collateral are accepted for securing the loan?
A5: Collateral such as land, buildings, flats, etc., are accepted as security for the loan.

Q6: What are the repayment options available for the loan?
A6: Flexible repayment options include EMI (Equal Monthly Installments), structured payments, monthly or quarterly interest payments with principal repayment at the end of the tenure.

Q7: How long is the loan term for LankaBangla’s Working Capital Solutions?
A7: The loan term is typically 12 months.

Q8: Can importers avail financing for releasing imported goods from ports?
A8: Yes, LankaBangla provides Import Documents Release Loan for short-term financial support to importers for releasing imported goods from ports.

Q9: Is there an online application process available for these financing options?
A9: Yes, you can apply online through the provided link on the LankaBangla website.

Q10: What documents are required for applying for Working Capital Solutions?
A10: Required documents include copies of updated Trade License, photographs of the applicant and guarantor(s), valid identification documents, bank statements of the last 12 months, utility bills, rental deed copy, and necessary security documents.

Apply Online: Click here to online application