Entrepreneur's Corner

How To Get A Stock Loan Of Up To Ksh 6 Million From NCBA

BY Soko Directory Team · December 28, 2023 10:12 am

Businesses often require financing or loans for various reasons that are fundamental to their operations and growth. One primary motive is to bridge the gap between expenditures and revenue generation, especially during the initial stages of business development.

Securing funding allows businesses to cover essential costs such as payroll, rent, and inventory, ensuring smooth day-to-day operations. Additionally, businesses often seek financing to invest in expansion opportunities, whether it be opening new locations, launching new products or services, or upgrading technology and equipment.

Access to capital also plays a crucial role in seizing market opportunities, staying competitive, and adapting to changing market conditions. In industries where innovation is rapid, securing funds for research and development becomes vital.

Overall, financing provides businesses with the necessary resources to navigate financial challenges, pursue growth initiatives, and thrive in dynamic economic landscapes.

There is no doubt that no two businesses are alike, and so the best financing for your business is also unique. With the business environment having numerous challenges, Kenyan SMEs often find it hard to sustain their businesses without funding.

Many businesses are always on the lookout for financing options that can help them sustain their operations and understanding one’s funding options is a great place to start when considering a new business loan.

In our loan samplings, we came across NCBA Bank which not only offers you a wide range of options but also the flexibility to tailor your financing to fit your needs.

An interesting loan from NCBA is the Stock Loan. Revolving and non-revolving stock loans are essential when your business needs financing to purchase or buffer stock for normal business operations. This loan is available with revolving limits.

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Here are some of the features:

Minimum loan amount of KES 300,000.
Flexible security options.
Maximum repayment period of up to 36 months, subject to the nature of the stock and business net cash cycle.
For revolving limits the maximum tenor period is 12 months, with a maximum of 180 days for each drawdown, subject to the business net cash cycle.
Repayment is in equal monthly installments of principal and interest.
Repayment for revolving limits and on a case-to-case basis, interest can be serviced monthly and principal repaid in bullet.

If you are interested, use this link https://ke.ncbagroup.com/for-business/financing/#tab-2286%E2%80%8B

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory