Loans & Advances

Flexible Financing Solutions Designed to Drive Business Growth

Loans & Advances

We offer a comprehensive range of Corporate Loans and Advances, including Business Overdrafts, Working Capital Finance, Local Purchase Order (LPO) Financing, and other tailored lending solutions — designed to support the evolving financial requirements of corporate organizations.

Corporate Business Loans

What Are Corporate Business Loans?
Corporate Business Loans are structured financing solutions designed to meet the needs of large businesses and organizations requiring significant capital support. These loans provide funding for business expansion, acquisitions, infrastructure development, and major investment initiatives. Repayment arrangements are structured around the business’s financial capacity, with flexible terms tailored to its operational requirements and growth objectives. They are suitable for organizations pursuing long-term strategies and large-scale projects, with approval typically based on detailed financial assessments and supporting documentation.

To apply for a Corporate Business Loan, applicants are required to provide:

  • A formal loan request letter
  • Complete guarantor details and supporting information
  • Acceptable collateral as required by the Bank
  • Structured repayment through fixed installments over an agreed period
  • Highly competitive interest rates designed to support business sustainability

Corporate Overdrafts

What Is a Corporate Overdraft?
A Corporate Overdraft is a flexible financing solution designed to help large businesses and corporations manage significant short-term cash flow requirements. It provides access to additional working capital based on the company’s financial strength, revenue, and available assets, with repayment arrangements structured to suit business needs. This facility supports major operational expenses, payroll commitments, supplier payments, and other business obligations requiring timely access to funds.

To apply for a Business Overdraft facility, applicants are required to submit the following documents and information:

  • Copy of the Tax Identification Number (TIN) Certificate
  • Cash flow projections covering the proposed repayment period
  • Company profile and management details
  • Audited financial statements
  • Market information, including:
    • Key suppliers
    • Main customers
    • Product lines
    • Competitor overview
  • Formal application letter indicating the requested amount, purpose, and preferred facility duration (3, 6, 9, or 12 months)
  • Board resolution authorizing borrowing (for Limited Liability Companies)
  • Clear repayment source and repayment plan
  • Acceptable collateral
  • Completed and perfected security documentation
  • Interest is applied only to the utilized overdraft amount, helping optimize financing costs
  • Negotiation fees may apply in accordance with the approved facility terms and conditions

Cheque Discounting

What Is Cheque Discounting?
Cheque Discounting is a financing solution that enables businesses to access funds before the maturity date of post-dated cheques. By providing early payment against eligible cheques, this facility helps businesses improve cash flow, manage short-term obligations, and maintain smooth operations without waiting for future cheque proceeds.

To access our Cheque Discounting service, customers must have:

  • An active and operational account with the Bank
  • A valid post-dated cheque that meets the Bank’s discounting requirements
  • Quick access to funds before the cheque maturity date
  • Competitive interest rates charged only on the discounted cheque amount
  • In the event of cheque dishonour, the full cheque value will be recovered from the customer’s account

Local Purchase Order (LPO) Financing

What Is Local Purchase Order Financing?
Local Purchase Order (LPO) Financing provides contractors and suppliers with the funds required to execute confirmed purchase orders from established organizations. This facility supports businesses in acquiring materials, managing operational expenses, and fulfilling contractual obligations efficiently while maintaining steady cash flow throughout the order completion process.

To apply for Local Purchase Order (LPO) Financing, applicants are required to provide:

  • A formal application letter
  • Board Resolution authorizing borrowing (for Limited Liability Companies)
  • LPO confirmation letter
  • Payment domiciliation letter
  • Required security documentation
  • Completed guarantee forms
  • Copy of the Local Purchase Order (LPO)
  • Immediate access to working capital to support successful order completion
  • Enhanced cash flow flexibility, allowing businesses to pursue additional opportunities
  • Improved capacity to deliver projects and meet customer requirements within agreed timelines

Asset Based Finance

What Is Asset Based Finance?
Asset Based Finance enables businesses to access working capital or term financing by using their existing assets — such as receivables, inventory, machinery, equipment, or property — as security. This solution allows companies to unlock the value of their assets to support daily operations, fund expansion initiatives, and improve overall cash flow management.

To apply for Asset Based Finance, applicants are required to provide:

  • Client’s formal application letter
  • Board Resolution authorizing borrowing (for Limited Liability Companies)
  • Goods warehousing report
  • Completed and signed guarantee forms
  • Insurance protection for inventory, machinery, equipment, and commercial properties
  • Professional valuation reports covering equipment, machinery, and real estate assets
  • Valid business registration to support transparency and regulatory compliance
  • Eligibility for financed leased properties within the Greater Banjul area
  • Improved business capacity and stronger financial flexibility
  • Secure and supported international transactions with appropriate guarantees
  • Efficient processing with faster turnaround times
  • Ability to unlock cash flow for additional business opportunities
  • Flexible interest rates structured around business requirements
  • Access to expert business advisory and financial support services

Working Capital Finance

What Is Working Capital Finance?
Working Capital Finance is a funding solution designed to support established and growing businesses that need additional liquidity to manage daily operations. It provides short-term financing to help businesses cover essential expenses such as inventory purchases, production costs, payroll, and other operational requirements while maintaining steady growth and financial stability.

To apply for Working Capital Finance, applicants are required to provide:

  • Client’s formal application letter
  • Board Resolution authorizing borrowing (for Limited Liability Companies)
  • Memorandum & Articles of Association or Articles of Partnership
  • Relevant security documentation, including any of the following:
    • Land Certificates
    • Title Deeds
    • Certificate of Ownership
    • Vehicle Insurance
    • Stock Hypothecation
  • Company annual accounts and financial reports
  • A guarantor who is an existing customer of the Bank
  • Insurance protection for inventory, equipment, and commercial buildings
  • Independent valuation of machinery, equipment, and property assets
  • Valid business registration to support eligibility and regulatory compliance
  • Financing available for qualifying leased developed properties
  • Increased operational capacity and stronger business growth potential
  • Secure international transactions backed by Bank guarantees
  • Prompt approval process with efficient turnaround times
  • Improved cash flow for reinvestment in business opportunities
  • Competitive interest rates structured around your business needs
  • Access to dedicated business advisory and financial support services

Project Finance

What Is Project Finance?
Project Finance is designed to support the development, expansion, and execution of new or existing business projects. It is well suited for large-scale construction, infrastructure, industrial developments, and other capital-intensive investments. Applicants are expected to maintain an active banking relationship with the Bank and submit a comprehensive business plan demonstrating the project's commercial viability and expected financial performance.

To apply for Project Finance, applicants are required to provide:

  • A formal application letter
  • Board Resolution authorizing borrowing (for Limited Liability Companies)
  • Approved building plans
  • Architectural drawings
  • Bill of quantities (BOQ)
  • Certificate of occupancy, where applicable
  • A detailed feasibility study (mandatory for factory and industrial projects)
  • Complete details of the proposed security or collateral arrangement
  • Insurance protection for stock, machinery, equipment, and commercial buildings
  • Professional valuation of machinery, equipment, and real estate assets
  • Valid business registration required for eligibility and compliance
  • Financing available for qualifying leased developed properties
  • Enhanced business capacity and improved financial flexibility
  • Secure international transactions supported by Bank guarantees
  • Efficient processing with prompt approval and disbursement
  • Improved cash flow to support additional business investments
  • Competitive interest rates structured around project requirements
  • Access to dedicated business advisory and financial support services