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Advances

For a business to grow and benefit from opportunities, timely availability of finance is critical to scale to new heights. At SBM we understand this basic principle and endeavour to be not just a lending institution but also your preferred financing partner. We provide a package of financial products delivered by a dedicated SBM SME Banking team to better serve you. Keeping these requirements in mind we provide term loans up to acceptable tenor with suitable moratorium, if required, and repayment options structured on the basis of your cash flows.


SME is one of the pillars of the Mauritian economy. SBM SME Banking is keen to enhance its share of the SME business as well as to contribute to the growth of small enterprises. We are offering the Loan Guarantee Scheme for small entrepreneurs.

Eligibility

  • Small Enterprises with turnover not exceeding Rs 50.0M
  • The scheme is applicable to sectors where there are value additions, but excludes Trading, Real Estates, Financial Services and luxury items such as luxury vehicles

Facilities

  • Banking facilities falling within the scope of the above scheme include Term Loans, Working Capital Finance, Bills Discounting, Finance Leases and Import Loans

Maximum facility

  • Depending on project viability

Interest rate

  • REPO RATE plus 300 basis points, i.e. presently 7.40 % p.a.

Security

  • Acceptable collateral to the bank

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SBM Import Loan offers you the cash flow to pay your supplier who requires full or part payment for the purchase of the goods.

Features

  • short term facility suitable for payment to suppliers
  • maximum period of 6 months, depending on sales inflows
  • early repayment with no penalty
  • can be availed in MUR and other foreign currencies

Value Proposition for clients

  • helps in improving your cash flow
  • easy means of payment to your suppliers
  • flexible repayment
  • extends your credit period on top of a Letter of Credit payment terms, collection terms and account terms
  • better negotiation powers with suppliers on quick payment terms
  • negotiable exchange rates

Extra benefits

  • door-step service by professional team
  • dedicated SME hubs
  • customer-centric service approach
  • quick response and speedy approval
  • competitive pricing
  • close proximity to your office through our 39-branch network
  • bancassurance available for all loan products

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SBM Term Loans are offered for your business expansion, capital expenditure and for fixed assets acquisition. They can be structured to meet your business needs and available cash flow.

Features

  • long term finance for capital expenditure
  • flexible repayment
  • up to 7 years in general
  • suitable finance solutions for immovables, land & building, construction, etc...
  • available in foreign currency for companies having receipts in FCY

Value Proposition for clients

  • helps you optimise cash flows for capital expenditure
  • helps in expansion projects/expand business
  • with longer repayment period, it helps you spread your cash outflow

Extra benefits

  • door-step service by professional team
  • dedicated SME hubs
  • quick response and speedy approval
  • competitive pricing
  • close proximity to your office through our 39-branch network
  • bancassurance available for all loan products

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We offer tailor-made competitive financial leasing facilities to SMEs for the financing of vehicles and equipment.

Features

  • the asset may act as collateral
  • tailored solutions to meet your cash flow
  • monthly rental payments
  • up to 7 years for SME

Value Proposition for clients

  • flexible repayment structure
    • Monthly
    • Quarterly
    • Half-yearly
    • Annually
    • Bullet Payment
  • no additional security required
  • eases burden on cash flow through monthly rentals
  • quick disbursement

Extra benefits

  • door-step service by professional team
  • dedicated SME hubs
  • quick response and speedy approval
  • competitive pricing
  • close proximity to your office through our 39-branch network
  • bancassurance available for all loan products
  • insurance available for collateral as well

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We understand the importance of a credit card in providing extra cash flow flexibility for your business and, at the same time, reducing the need for cash and cheques. Our Business Credit Card allows you to benefit from discounts at our select partners' outlets.

Features

  • high credit limit
  • accepted worldwide
  • revolving line of credit
  • can be used for payment in any currency
  • easy to use

Value proposition

  • instant liquidity
  • can be given to multiple people and consolidated in one statement
  • up to 45 days of interest free period
  • local and international acceptance
  • no need to carry cash
  • adapted for business trips
  • lowest interest rate in the market
  • can be used to withdraw cash in times of emergency

Extra benefits

  • door-step service by professional team
  • dedicated SME hubs
  • quick response and speedy approval
  • close proximity to your office through our 39-branch network across the island and dedicated Relationship Officers

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SBM Bank Overdraft offers you a revolving line of credit to meet your business needs.

Features

  • instant cash flow solutions
  • monthly interest payment
  • revolving line, reviewable periodically
  • easy to use
  • use as and when required

Value Proposition for clients

  • pay for what you use
  • flexibility
  • instant availability upon approval of overdraft limit
  • eliminates cash flow problems
  • revolving credit

Extra benefits

  • door-step service by professional team
  • dedicated SME hubs
  • customer-centric service approach
  • quick response and speedy approval
  • competitive pricing
  • close proximity to your office through our 39-branch network
  • bancassurance available for all loan products

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SBM Working Capital Loan offers you a unique range of working capital facilities to support you in running your enterprise.

Features

  • short term loan from 3 to 5 years
  • can be used to finance current assets such as stocks, etc...
  • flexible loan repayment

Value Proposition for clients

  • helps business to be sustainable by tiding over cash flow problems
  • repayment tailored to suit your business needs and sales cycle

Extra benefits

  • door-step service by professional team
  • dedicated SME centres
  • quick response and speedy approval
  • competitive pricing
  • close proximity to your office through our 39-branch network
  • bancassurance available for all loan products
  • insurance available for collateral as well

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  Call Us : (230) 202 1600
  Email Us
 
SBM SME Banking | SBM

HOTLINE : 207 0111 / 202 1500 [FROM 08:00 TO 18:00 MONDAY TO FRIDAY]

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