SME Financing
Small and Medium Enterprise (SME) unit of AIB is geared towards catering to the banking requirements of small to medium businesses in a timely and therefore cost effective manner. All the branches of AIB are equipped to speedily attend incoming financing requests from SMEs. A team of highly trained SME Credit Officers is now working under international best practices to help SME increase their income through targeted borrowing. We help our customers grow from strength to strength by acting as their bankers and financial advisors.
Types of SME Facilities Available:
· Over draft Facility
· Term Loan Facility
Benefits and Uses of SME Product:
· Increase income
· Improve facilities
· Purchase Equipment
· Purchase inventory
Acceptable Use of Loan Proceeds
· Equipment purchases/ Investment Capital Needs.
· Machinery Purchase
· Fixed Assets Financing
· Inventory/Raw materials for growth or a new line of business
· Working Capital for Production, inventory or Trade Finance.
Credit Terms & Conditions:
· AFN 1,500,000 – AFN 15,000,000 (or eqvt. USD/EUR)
· Term Loan Facility
· Overdraft Facility
Pre-Requisites
· JAWAZ from MOC/AISA
· Business Profile/ Fact Sheet
· Financial Information
· Invoices/Bills/Purchase & Sales Orders (if any), etc.
Collateral & Security
· Equitable Mortgage over residual/ commercial properties.
· Pledge of stocks/ Inventories
· Hypothecation of Stocks/ Inventories
· 1st charge over Fixed/ Current Assets