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Introduction
Small and Medium Enterprises (SME) can be rightly called as the economic growth engine of Bangladesh. The SME sector in Bangladesh is growing at an exceptionally fast rate. The philosophy of extending banking services to SME's of the country is to meaningfully push every one up to the next level. This upward push would be meaningful as they would be business wise competitive for a sustainable future.
The SME sector is one of the greatest contributors of GDP, which is directly related to our employment and poverty alleviation..SMEs in Bangladesh have higher potentials and can play very significant role in growth and development.
The entrepreneurs require mainly three types of finances:
(i) Equity capital - to finance assets to expand the business;
(ii) Debts – to refinance assets; and
(iii) Working capital – to maintain the day-to-day activities

A strong vibrant financial sector can play a significant role in the growth and development of Small and Medium Enterprises by providing credit support to potential entrepreneurs.

LankaBangla Finance Limited has launched its SME-Finance Operation on 1st March, 2010. We are now offering different types of SME Products based on business needs. We value and recognize each customer needs and actively participate for the development of SME sector in Bangladesh.

Our Service:

• Limits offered : starting from Tk. 0.5 million  to Tk. 50 million
• Collaterals: Funding against commercial / industrial / residential property & liquid securities.
• Facilities offered :  Term Loan/Short Term Loan/Bridge Finance
• Management Services
• Fast processing and quick availability of loans.
• Best suited for : Retailers / Traders / Manufacturers / Wholesalers / Distributors / Importers / Exporters / Dealers
• Pre-requisites: Minimum two years business experience.

Why you choose LankaBangla? 

• Flexible Collateral norms based on client’s financials, business and nature of Collateral
• Fast decision - decentralized operations, centralized decision making.
• Fast disbursement - subject to complete documentation, disbursement in 25 days
• No hidden cost on loan sanction
• Working capital limits to support your growth plans and enhancements based on your further requirements - ranging from Tk. Tk. 0.5 million  to Tk. 50 million.
• Exclusive relationship managers.
• E-mail, Mobile alerts support to existing client
• Choice of fixed tenure for repayment (12 months to 60 months)

Our SME-Finance Products & Services

1. Unsecured Installment Loan

We understand the value and the sentiments on which your business is built. Therefore we understand why your labour of love should never reach a stagnancy level for want of a cash influx. That is precisely why we help you take your business to newer heights with our Unsecured Business Installment Loan.

Eligibility

• Business experience     : Minimum 2 years experience in the same line of business
• Age                              :Minimum 24 years & maximum 55 years
• Loan Amount                : Loan amount from Tk.0. 5 million to Tk. 1.0 million.
• Loan Term                    : Up to 36 months
• Payment mode              : Equal monthly installment.
• Security                        : No collateral is required depending on clients profile.

2.Partially Secured Installment Loan

We offer Partially Secured Installment loan which requires partial security in the form of TDR (term Deposit Receipt) against the proposed loan.

Eligibility

• Business experience     : Minimum 2 years experience in the same line of business
• Age                              : Minimum 24 years & maximum 55 years
• Loan Amount                : Loan amount from Tk.0. 5 million to Tk. 1.0 million.
• Loan Term                    : Up to 60 months
• Payment mode              : Equal monthly installment.
• Security : Partial collateral is required

3.Woman Entrepreneur Installment Loan:

Loans for women entrepreneurs are intended for enterprises in which women are majority shareholders and which are managed by a woman.

Woman Entrepreneurship has a tremendous potential in empowering woman and transforming society.

We proudly stand beside the prominent & prospective Woman Entrepreneur in our country and finance them under the Woman Entrepreneur Installment loan. We are offering this product to different types of Beauty Parlor, Printing & packaging, Boutique house, manufacturing concern and trading house etc.

Loans for women entrepreneurs are used for investments in machinery and equipment relating to an enterprise's business, for working capital requirements etc.

Eligibility

• Business experience     : Minimum 2 years experience in the same line of business
• Age                              :Minimum 24 years & maximum 55 years
• Loan Amount                : Loan amount from Tk.1.0 million lac to Tk.5.0 million.
• Loan Term                    : Up to 60 months
• Interest                        : Lower rate of interest
• Payment mode              :Equal monthly installment.
• Security                        :Partial collateral is required.

4.Fully Secured Loan

A fully secured debt is a loan in which the borrower pledges some asset (e.g. a property or 100% in the for of Term Deposit Receipt as collateral for the loan.

Eligibility

Fully secured loan is offered by taking 100% collateral security in the form of  land, building, flat or in form of TDR (Term Deposit Receipt).

• Business experience     : Minimum 2 years experience in the same line of business
• Age                              : Minimum 24 years & maximum 55 years
• Loan Amount                : Loan amount from Tk.1.0 million lac to Tk.50.0 million.
• Loan Term                    : Up to 60 months
• Payment mode              : Equal monthly installment.
• Security                        : Fully secured by collateral

Loan for procurement of Commercial Vehicle

There is no need to shop around anymore for commercial vehicle loan options for buses, UV, concrete mixers or any other heavy, light or small commercial vehicle that your business may require. Choose LankaBangla’s commercial vehicle loans to get the best terms and interest rates.

Our Commercial Vehicle Loans are:  

• Range of products under one umbrella.
• For trucks, buses, light commercial vehicles and small commercial vehicles.
• Preferred financier status with all leading manufacturers/suppliers
• Simple documentation processes.
• Quick turnaround time.
• Flexible financing solutions to meet individual requirements.

Eligibility

• Business experience     : Minimum 2 years experience in the same line of business
• Age                              : Minimum 24 years & maximum 55 years
• Loan Amount                : Loan amount from Tk. 1.0 million to Tk. 5.0 million.
• Loan to Value               : Loan upto 80% of the vehicle Price
• Loan Term                    : Up to 60 months
• Payment mode              : Equal monthly installment.

Required Documents

• Duly filled in and signed Application Form
• Photographs of Applicant (attested by guarantors) & guarantor(s) (attested by Applicant)
• Valid NID of Applicant and Guarantor(s) (National ID / Passport / Driving License)
• Trade License ,TIN Certificate along with IT-10-B
• Bank statement of last 12 (Twelve) months
• Copy of bill – Electricity / WASA / Gas/ Land Phone (If applicable)
• Receivable/Payable list
• Stock Report
• Rental deed copy
• Copy of Partnership Deed/Resolution in case of Partnership Business
• Copy of Memorandum & Articles of Association
• Photograph of Shop / Business institute
• IRC Copy
• Sanction Letter & Loan Statement Others Bank. (If applicable)
• Land Documents in case of Mortgage Property
• Copy of land valuation report in case of property mortgage.
• Price Quotation from Vendor in case of Commercial Vehicle finance

HOW TO APPLY

You can collect the application form from any offices of LankaBangla free of cost .Moreover we provide you the facility to download the Application Form from our Website.

CONTACT WITH US

For details please send email along with contact number to sohel.reza@lankabangla.com or send message from your mobile to 01811448046 we will call back you.

You can also visit at our following offices for any queries: