As your Bank for Life, we understand the success of your business is what drives you. With our diverse range of finance options, you can be rest assured that your business will run smoothly and grow day by day to greater heights.
Range of Finance
Our SME clients can use this instrument in financing their diverse long term financial needs. We finance fixed costs of new projects, expansions and modifications.
Whether you've started up as an entrepreneur recently or have been in business for a while, we strive to make your business goals a reality. Our flexible and simplified leasing solutions will astound you.
- Vehicle Leasing (subject to the permitted loan to value ratios by CBSL)
- Machinery and equipment leasing
Local Purchase Loans
Fulfill your company's working capital requirement with local purchase loans from MCB Bank. We take away the hassle of waiting for a payment from your client so that you can focus better on the manufacturing process.
- 70% of the Invoice Value paid up front
- Balance will be paid subsequent to payment being made from the purchasing party to the bank
- Interest charged on the outstanding amount only
- Collateral required
Cheque Purchase Discount Financing
Fulfill your company's working capital requirement with Cheque Purchase Discount Financing from MCB Bank. We take away the hassle of waiting for your post-dated cheques to clear whilst letting you concentrate on completing the manufacturing process.
- Up-to 95% of the Post Dated Cheques paid up-front
- Commission on CPD Financing is only 0.125%
- Interest charge on the outstanding amount only
- Collateral required
An easy solution for immediate working capital needs of your company. You can either go for a revolving permanent facility fluctuating under a specific financial limit or a one-off facility linked to seasonal requirements.
- Period and size of the overdraft facility can be tailored to match your cash flow forecasts. Furthermore you only pay interest on the amount utilized as an overdraft.
Walk into any MCB Branch and meet our dedicated credit / trade relationship manager to apply for above facilities, or simply call our hotline for more information.