We provide different loan products to companies who provide services to reputable off-takers
Business loan Types following categories
Security backed SME finance this facility is a security backed loan that is open to all small and medium Enterprises that are duly incorporated and registered with PACRA and have evidence of servicing reputable companies.
Loan Application process requirements
You don’t need to be a business financing expert, but you should be asking these five questions to help you compare financing offers and find the business loan that best meets your needs.
1. PACRA document
2. 12 month bank statements
3. Directors m.e.e
4. Copies of orders, invoices and supply contracts
5. Acceptable Security
Loan Application process
SMEs supplier / contractor approaches Mayaki- Enterprises for funding.
Mayaki- Enterprises order with corporate KYC documentation reviewed.
Credit appraisal conducted.
Management credit committee approves facility.
Security perfection with lands, PACRA & RTSA undertaken & finance is advanced to SME.
Corporate MOU based SME financing
These products are available to SMEs who provides services/goods to established Corporate who have signed a memorandum of understanding Mayaki- Enterprises to facilitate payment of Mayaki- Enterprises loan repayments directly from the off - taker.
Step 2. SMEs applies for loan and credit appraisal is conducted.
Step 3. Mayaki- Enterprises recomfirms invoices/supply history with corporate.
Step 4. Assignment of receivables by SME to Mayaki- Enterprises.
Step 5. Financing advanced to SME.
Step 2. Corporate pays Mayaki – Enterprise full invoice value.
Step 3. Mayaki – deducts loan amount payable and remits balance of funds to the borrower.
Step 4. l oan closed off.
Short Term Loans for Small Business
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