Business and SME loans
Credit facilities for small and medium enterprises, including government subsidised schemes.
Types of facility
- Working capital loans — for day-to-day trading
- Equipment finance — to buy machinery
- Overdraft facilities — a flexible credit limit
- Government schemes — at subsidised rates
Government schemes
The Central Bank and government periodically run subsidised lending schemes for the SME sector. These open and close, so confirm current status with CBSL or your bank before applying.
Typical requirements
- Business registration certificate
- 6–12 months of bank statements
- A business plan for larger facilities
- Tax registration where applicable
Frequently asked questions
Can a new business borrow?
Most banks want between six months and two years of trading history. Some government schemes are open to new entrepreneurs.
Is collateral required?
It depends on the amount. Guarantors may be sufficient for smaller facilities.