The medium business loan is designed to provide financial assistance to mid-size business owners. Often, these business owners are denied access to banking support because they operate with cash hence lack the proper financial statements. Nonetheless, Microfinance Amatak Capital offers such loan to business owners who wish to grow and expand their business.
- Loan Amount: between 10,000-20,000 (USD).
- Loan Term: a maximum of 48 months.
- Can only be applied as an individual.
- A minimum age of 18 years old.
- Proof of employment or business operation.
- Must possess collateral(s) or a guarantor with collaterals.
- National ID/passport.
- Family/residence book.
- Proof of income.
Advantages of the Medium Business Loan
- Having access to a sizeable financial support.
- Low interest rate and flexible repayment schedules.
- An extended period of time to make repayments.
- Interest repayment is calculated based on the remaining balance of the loan.
- Fast and easy to apply.