What it means for you
With CalBank, you have a reliable financial partner dedicated to your growth and stability
The CalBank Working Capital Loan provides businesses with the short-term financing they need to maintain smooth operations, manage cash flow, and meet everyday financial obligations.
Working Capital
For businesses that go beyond limits, experience premium banking with CalBank.
- Dedicated relationship officer is assigned to handle all activities in relation to the clients’ account.
- Flexible terms and conditions
- Access to funds within your own timing.
- It has competitive charges etc.
- Arrangement & Processing fees: 3% (payable upfront).
- Tenure: 12 to 18 months
- Maximum Facility Limit: GHS 300,000
- Repayment: Reducing Balance Annuity payment method (Same amount is paid monthly)
The business should operate a preferred business account with the Bank.
- Submission of the current company registration documents from the Registrar Generals Department.
- Submission of a 6 – 12 months bank statement (if your company operates another account with a different bank).
- Submission of the last three years’ audited accounts (when ready).
- Submission of cash flow projections for the borrowing period. This normally applies to Limited Liability Companies.
- If the facility is to pay for goods, the following requests must be satisfied:
- Submission of invoices to show the orders made.
- Submission of clearing documents to show that the goods have indeed arrived at the port.
- The payment shall be made directly to the supplier.
- A Letter of Credit can also be established at CalBank to execute the payment on behalf of the client (when applicable).
