UBICO’s Comprehensive Financial Services for Entrepreneurs in Bangladesh
UBICO, aligned with Bangladesh Bank regulations, extends a range of financial facilities and services catered to eligible entrepreneurs and enterprises. These offerings, designed for financial viability and compliance, empower businesses to thrive and grow.
Loan Products
- Term Loan: Entrepreneurs can access a term loan for a period spanning 3 to 7 years. They have the flexibility to choose between fixed or variable interest rates, with collateral security against fixed assets.
- Syndication Loan: This facility aids in raising funds through syndication, with a commission of 1% of the total funds raised.
- Working Capital Loan: Entrepreneurs can leverage this to manage their day-to-day operational expenses efficiently.
- Lease Loan: For those seeking financing for assets, UBICO offers lease loans with a transfer price of 3% of the leased amount at the time of expiry.
- SME Loan: Specifically designed to support small and medium-sized enterprises, this loan is structured to meet their unique financial needs.
Equity and Quasi-Equity
Common Equity: Entrepreneurs can access minority stakes for a limited period, including voting rights and a seat on the board. UBICO ensures a clear exit provision for ease of transition.
Pre-IPO Financing and IPO Participation: UBICO assists entrepreneurs in preparing for initial public offerings, facilitating pre-IPO financing and participation in IPOs.
Preferred Stock and Convertible Bond: These options provide flexibility and diverse financial strategies for entrepreneurs.
Statement of Fees, Charges, Commission:
Certainly! Here’s the information presented in a table format:
| Service | Fee/Charge | Details |
|---|---|---|
| Fee for Due Diligence: | 200,000.00 Tk | Applicable as and when required |
| Information Memorandum (IM) Preparation: | 500,000.00 Tk | Do |
| Legal Documents Preparation Fee: | 200,000.00 Tk | Do |
| Commission on Syndicated Fund Raising: | 1% of total funds raised | Do |
| Transfer Price at Lease Expiry: | 3% of leased amount | Do |
| Late Payment Fee | Range: 0.50% to 2% of installed amount | Discretionary |
| Early Payment Fee | Range: 0.50% to 2% of amount paid | Discretionary |
| Loan Documentation Charge | 5,000.00 Tk | As per existing practice |
| Miscellaneous Charges | Discretionary |
Frequently Asked Questions (FAQs) on UBICO’s Comprehensive Financial Services for Entrepreneurs
Q: What is the maximum period for a term loan with UBICO?
A: The term loan extends up to 7 years, providing entrepreneurs with an extended repayment window.
Q: What collateral is required for the term loan?
A: Collateral security against fixed assets is required for the term loan.
Q: Are there any specific provisions for SMEs?
A: Yes, UBICO offers dedicated SME loans tailored to meet the unique financial needs of small and medium-sized enterprises.
Q: What are the charges for late payments?
A: Late payment fees range from 0.50% to 2% of the installed amount, applied at the discretion of UBICO.
Q: Can entrepreneurs participate in IPOs with UBICO’s support?
A: Yes, UBICO assists entrepreneurs with pre-IPO financing and participation in Initial Public Offerings.
UBICO’s financial services not only cater to the diverse needs of entrepreneurs but also ensure compliance with Bangladesh Bank regulations, fostering a conducive environment for business growth and success.