Business Loan

A business loan is a working capital loan designed to facilitate business growth, expansion and the upgrade of ones business depending on needs arising in the business.

A business loan can be obtained from different banks and other micro- finance institutions and it also has payment rates and grace periods as any other loans.

Apply for a Business Loan

Examples of Business loans in Kenya

Faulu Kenya Business loans

a. Mkopo Biashara
This is a business working capital loan designed to facilitate your growth, expansion and the upgrade of your business.

Benefits

  1. Grace period
  2. Interest reduction for customers with good repayment history
  3. Top-up facility available
  4. Convenient repayment plan
  5. Loan amounts from as little as KS 1,000

Daraja 1 KS 20,000 Up to 12 Months
Daraja 2 KS 200, 000 Up to 24 Months
Daraja 3 KS 5,000,000 Up to 60 Months

b. SME Loan

Business Loans of up to Ks 50M for individuals and businesses that can be used for

  1. Working Capital: To expand your business and provide capital for your operations.
  2. LPO financing: To provide your business with short term financing to undertake tender awarded projects or supply goods and services.
  3. Asset Financing: To help you or your business to acquire assets such as a personal car or light duty commercial vehicles, tractors, plant and machinery for light industries.
  4. Import and export financing: To facilitate your export and import business by accommodating any funding gaps in your trade cycle.
  5. Insurance Premium Financing: To allow you to pay insurance premiums.

c. Soko Cash
A quick source of working capital for market traders to take advantage of opportunities that arise in their operation.

Benefits

  • Easy application process
  • Quick working capital boost
  • Convenient repayment terms
  • Affordable interest rate
  • Quick loan processing

d. Milango Biashara Kem-Kem loan
This product will take care of all business related financial need of their clients.

Loan Limits: 3,000- 300,000
Loan Term: 1 Year
Interest: 2% per month
Fees: 2% set up, 2% insurance, Ks 150 per loan for lawyer fees, 500 Chattel Fee for Loans above 100,000, and Ks 100 for Post Election Violence (PEV)

Note: all first loans are payable in 6 months

Product Benefits

  • Quick and Reliable Service
  • Grace Period
  • Secure Savings
  • Competitive Interest Rates: the client can register his/her loan for at least six (6) months and so interest is charged on the registered loan period only
  • Loan Flexibility: the client can choose to pay his/her loan weekly or monthly (upfront/prepayments) depending on the nature of the business and the business season
  • Additional Loan: a client can access an additional loan (other than business loan) upon 50% payment of the loan


Barclays Bank business loans

Barclays bank offers the following business loans:

a. Unsecured loan

  • You can borrow up to Ks 2,000,000 unsecured.
  • Simplified application process.
  • Dedicated team to process your application quickly.
  • One-off arrangement fee.
  • Monthly repayments can be made over a 1 to 3 year period.

b. Secured Loan

  • The loan amount is based on the serviceability of the loan or the ability to repay.
  • Simplified application process.
  • Dedicated team to process your application quickly.
  • One-off arrangement fee.
  • Monthly repayments can be made over a 1 to 5 year period

Comments

  1. Victor Osano says:

    Hallo sir/Madam,
    I have abusiness rinning for amotobike and i want to find if will be depositing money my biashara account at what period will you give me aloan?

  2. stellamaris kaweu says:

    Hi,I have a transport contract from a reputable company.I need a to buy a truck(trailer). How can the women development fund assist,and their conditions to advance loans.

  3. Tobias Dede says:

    Hi, am Tobias and am in Kisumu,I have a Tuk Tuk business and its doing very well since I started.I really want to expand the business but am lucking funds. I bank with Equity bank and Co-operative bank.Atleast I need to add another Tuk Tuk. How can you help me.

  4. thefinacier says:

    I think the biggest problem with Kenyan banks are the Interest rates they charge people. Too punitive. Then if you miss some payments….

    • I am running a graphics design business and need finances to buy large format printers and other specialized equipment to expand my business and make it more productive. Can I get a loan with you for this purpose?

  5. i need a loan of 1m for property purchase and development,advice the way forward.

  6. Hey faulu. I’m chege Gichuhi operating an mpesa and kiosk at eastleigh. I seriously need a loan to add more stock and increasing my mpesa float. Kindy please advise me .

  7. CYRUS MUNENE says:

    I AM LOOKING FOR AN UNSECURED LOAN FOR 150K IN ONE OF THE CATEGORIES YOU HAVE DESCRIBED ABOVE i e. BARCLAYS BANK BUSINESS LOANS – UNSECURED LOANS. PLEASE LET ME KNOW HOW TO START THE PROCESS.

  8. eliud allan ondialo says:

    I have applied for a loan when will i get my money

  9. Hi…Want to venture into farming where I have analysed everything and realised my business plan needs a starting capital of 100,000.
    Got access to land but acquiring the inputs,labour and management is what hinders me.

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