Loan/Debt

Uganda Development Bank – Asset Finance

Posted 6 months ago

Description

This product finances the acquisition of assets such as equipment & machinery for production. e.g., industrial equipment, agricultural assets, specialized medical equipment, or process plant & machinery

Funding Procedure

Credit Checklist: Facility Application Letter (on official company letterhead) and Board resolution to borrow. A copy of the detailed Business Plan and or feasibility study with Cash flow projections and projected financial statements. A copy of each of the last 3 years audited/draft accounts (from an ICPAU/ BOU listed audit firm) for existing business. Full Details of security proposed for the facility sought (where applicable). Bank and Loan statement for the last twelve months (Facility agreements for any existing facilities, with status). Copy of National Environment Management Authority Certificate of Application and an Environmental Impact Assessment report) (where applicable). Credit Reference Bureau Report of the company & all its shareholders/ directors (where applicable) and/or CRB numbers. Proof of NSSF compliance for companies employing more than 15 people. Copy of Investment License (where applicable). Latest Returns of Directors and Shareholders. Statutory licenses from relevant Ministry/GOU agency where applicable (schools, universities, mining, extraction, exporters, hospitals, power plants).

Fund Structure

Tenure ranges from 4 to 10 years, inclusive of grace period that ranges from 3 months to 3 years. The tenure and grace periods depend on the asset’s usable life and the implementation schedule respectively.

Contacts

Email: info@udbl.co.ug

ADDITIONAL FMC INFO

KYC Checklist: Shareholders/Directors: Name in full (Provide full name of all shareholders and directors as per identification documents) Nationality Date of Birth Postal & Physical Addresses Telephone (landline) & Mobile Numbers Certified identification documents (valid passport and/or National ID) and passport photos of all shareholders and directors) Business Entity Business Legal Name Nature of business Postal & Physical address, website Telephone (landline) & Mobile Numbers, Fax, Email Corporate & Individual Shareholders are taken care of, ultimate beneficial owners, controllers Directors and Management Team (names & nationalities) Memorandum & Articles of Association and Certificate of Incorporation of company & its corporate shareholders (where applicable) Latest Income Tax Clearance certificate Current operating License(s) where applicable Certified passport and/or ID copies of Shareholders & Directors of the company Legitimate transaction signatories (Specimen signatures)