Business Loans

We provide different loan products to companies who provide services to reputable off-takers

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Business loan Types following categories

Security backed SME finance this facility is a security backed loan that is open to all small and medium Enterprises that are duly incorporated and registered with PACRA and have evidence of servicing reputable companies.

Order financing

SMEs who have orders with established Corporate can obtain short term credit of 30 to 90 days to enable them to fulfill their supply contractual.

Invoice discounting

SMEs that have already supplied goods and services to corporates and wish to get an advance against the amounts payable by the corporate to meet their short-term needs.

Term loans

SMEs with proven track records and regular cash flows from servicing reputable corporate organizations may qualify for a short- term working capital loan ranging from 1 to 12 months.

Loan Application process requirements

You don’t need to be a business financing expert, but you should be asking these five questions to help you compare financing offers and find the business loan that best meets your needs.

Loan Application process

SMEs supplier / contractor approaches Mayaki- Enterprises for funding.

Mayaki- Enterprises order with corporate KYC documentation reviewed.

Credit appraisal conducted.

Management credit committee approves facility.

Security perfection with lands, PACRA & RTSA undertaken & finance is advanced to SME.

Corporate MOU based SME financing

These products are available to SMEs who provides services/goods to established Corporate who have signed a memorandum of understanding Mayaki- Enterprises to facilitate payment of Mayaki- Enterprises loan repayments directly from the off - taker.

Step 1. Corporate signs MOU with Mayaki- Enterprises.

Step 2. SMEs applies for loan and credit appraisal is conducted.

Step 3. Mayaki- Enterprises recomfirms invoices/supply history with corporate.

Step 4. Assignment of receivables by SME to Mayaki- Enterprises.

Step 5. Financing advanced to SME.
Step 1. Mayaki – Enterprise makes submission of amounts due to corporate.

Step 2. Corporate pays Mayaki – Enterprise full invoice value.

Step 3. Mayaki – deducts loan amount payable and remits balance of funds to the borrower.

Step 4. l oan closed off.

Short Term Loans for Small Business

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