Small Business Loan & Overdraft
Starting a new business can be risky. National is here to guide you and bring your ideas to reality. Get the customized financing you need and discover an array of banking solutions to simplify your everyday financial management. Our overdraft facilities are tailored to help you alleviate cash flow shortages, expand inventory, adjust to seasonal needs, and give you the capability to write cheques with confidence knowing that you are protected against unexpected deficits.
Your starting documents
General Requirements
- Letter of request (stating amount being requested, purpose, security/collateral being offered)
- Resolution to borrow (companies, clubs, organizations, associations)
- Documents supporting purpose of the facility
- Personal/Business Financial Statements (Business “Trading As”)
- Cash flow projections for at least two years (reflecting month by month positions)
- Security documents (e.g. real estate, cash)
- Copy of lease agreement (if premises is being leased)
- Copy of Business license/li>
- Bank references (name of past and present bankers)
- Property appraisal
- Certificate of good standing (Social Security Office)
Additional Requirements for Non-Nationals
- Copy or work permit/residency status
- Alien land holding tax
- Tax returns for last two years
Your next steps
Start your application
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