Assessment

Conversational Form (#3)

Requirements for Financing:

1.If the business owner does not have an existing Sterling corporate account, such a business needs to open a Sterling corporate account.

2. Submit 12-month bank statement of existing business account.(In some cases, additional requirement of cash flow projections,management account and audited financial statement)
3. Statement of Introduction – what industry, what is theproduct/service, how long the business has been in operation, briefdescription of the client base, how many outlets/branches, howmany employees, annual turnover.
4. Loan application letter to be filled out and signed.
5. VECTIS invoice to be signed and submitted to bank.
6. Letter of undertaking to be filled out and signed.
7. Asset installation terms and conditions to be signed.
8. Remita mandate to be executed at customer’s bank.
9. Undated cheques on funded account should be made available. 

10. Third party guarantor’s cheques should be made available.

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