Objective
The purpose of this product is to finance the acquisition of land and buildings or the erection of buildings for new or existing SMME’s embarking on projects with a positive development impact.
This product is available to :
- SMME’s which will operate from the premises concerned;
- Property holding entities with substantially similar shareholding as the operating business;
- Developers of properties for rent to SMME’s; or
- Developers of properties or infrastructure which will be benefit previously disenfranchised communities.
Term of loan
The loan term is dependent on the productive life span of the asset financed up to a maximum term of 20 years.
Repayment period and Interest rates
The loan repayment period can be structured according to the business specific needs but it is normally repaid monthly.
Security
Security for this finance package may be structured in the form of the mortgage bond.