Loan/Debt

Uganda Development Bank – Term Loan

Posted 6 months ago

Description

These are medium to long-term facilities used to finance the construction (civil works) and the purchase and installation of plant and machinery. Examples include purchase of plant and equipment for processing, agricultural mechanization, irrigation systems, construction of warehouses and purchase of trucks, among other purposes of a long-term nature.

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

Loans for capital investments, with primary recourse made to the cash flows of the project. Tenure from 4 to 15 years inclusive of 3 years of grace period.

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)