Women Entrepreneur Loan from Trust Bank
Trust Bank positioned in the list as the lone financial institution of Bangladesh. Trust Bank are introduce of SME Loan facilities this bank are also introduced Women Entrepreneur Loan. Any small business entrepreneur or small manufacturing and cottage industries are interested Women Entrepreneur Loan from the trust Bank. Now the Trust Bank is introducing Women Entrepreneurs Loan facilities. When Unemployed women are getting loan facilities then she more productivity attitude, for the reason this society’s financial condition is very high profile. So Women Entrepreneurs Loan facilities of Trust Bank Bangladesh are more effectiveness of Bangladesh.
Nature of Goods / Items to get Women Entrepreneurs Loan of Trust Bank
Small manufacturing and Cottage industries, self-employment activities: Tailoring, various lights engineering sector like Iron/Wooden Furniture Processing / Agribusiness / Specialist Farming, Seeds Production & Distribution, Leather Making/Leather Goods, Backward Linkage Industries of Garments & Poultry sectors etc. So any person can apply for Women Entrepreneurs Loan.
Features of Women Entrepreneur Loan :
● 02 (Two) years successful business operation for both Collateral and Non-collateral loans. Exception may be allowed regarding business experience by competent authority
● Any business purpose loan from Tk.1.00 lac to Tk. 50.00 lac.
● No Mortgage or Equitable Mortgage for loans up to Tk. 25 lac.
● Interest rate 9%.
● Processing fee 1% to 1.50%.
● Loan Repayment Period:
Women Entrepreneur Loan from Trust Bank:
● 01 year for working capital finance and maximum 05 year for fixed assets purchase.
● To be repaid by Equal Monthly Installment (EMI) or from sales proceeds.
● 1. Net Worth: 3rd party Guarantor’s Net Worth must not be less than the proposed Loan amount / Loan limit.
● 2. In cases where the Borrower is a Limited Company, memorandum and Articles of Association of the company along with Board Resolution to be obtained.
Personal Guarantee of all the Directors to be obtained (for Pvt. Ltd. Company)
Eligibility of Women Entrepreneur Loan from Trust Bank:
● Women Entrepreneurs / skilled and semi-skilled female persons are having practical experience in the respective field / educated/technical unemployed female having initiatives / new women entrepreneurs / member of any Chamber/Trade body/Women forum.
● years successful business operation for both Collateral and Non-collateral loans. Exception may be allowed regarding business experience by competent authority
Women Entrepreneur Loan:
● Monthly cash flow to support the proposed loan installment
● Owners in the age group of 20 to 55 years
Reference by: Trust Bank Women Entrepreneur Loan