Corporate loans can either be secured or unsecured. Secured loans demand a business asset as collateral as a part of security. In case of non-payment of the loan, the lender can seize the asset to claim the unpaid amount. If you apply for secured loans, you can benefit from a lower rate of interest, higher borrowing limits and longer repayment terms compared to unsecured loans.
Unsecured loans are generally given for immediate fund requirements by businesses. No form of collateral or security is required by financial institutions. However, to avail unsecured loans, businesses need to have high credit ratings.
Term Loan
Loan Against Securities
Letter of Credit Facility and Bank Guarantee
Cash Credit Facility
Overdraft Facility
South Sudanese Pounds (SSP)
United States Dollars (USD)
As a loan applicant, you need to have an established business for at least 5 years
Business or enterprise should be in profit for the last 2 years
The company should have maintained a good CIBIL/credit score, along with a record of successful business
In case, you have applied for a loan in the past, the bank will check your records and repayment status before sanctioning the loan
The applicant with no previous defaults with any financial institution
South Sudanese citizen with no past criminal record
Business plan
Duly filled application form with passport-sized photographs
Identity proof – Passport, Nationality card, Driving license
Address proof – Electricity bill, Water Bill, trade license, etc.
Statement of Accounts from the bank
Business Address and Vintage proofs
Records and balance sheets of past 3 years
Income Tax Certificate and Sales Tax Returns
Company establishment certificate
Registrations and Licenses
Any other document required by the lender
You can secure corporate loan in these two currencies namely:
South Sudanese Pounds (SSP)
United States Dollars (USD)