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Business Loans – Sky Financial Services

Business Loans

These are loans to micro and SME businesses for financing working capital needs to boost business volumes and other recurring needs for micro businesses.

We do target already existing businesses such as shops, restaurants etc.

Our Golden Rule

Turn Around Time (One to three working days)

Work Efficiency Tip

For a quick Turn Around Time, come with all your supporting documents for proof of existence of business, cashflows and securities to be pledged

Loan Eligibility

Minimum Loan Amount (UGX 500,000), Maximum Loan Amount (UGX 50,000,000), Loan Term (3 – 24 months), Repayment Frequency (Individual – monthly, Group – Weekly), Grace Period (1 month), Collateral (Land Titles, Land Agreements, Log Books for motor vehicles and motor cycles, House hold items – Chattels, Animals), Interest Rate (3% Per Month), Interest Method Computation (Flat Rate), Other Processing Fees (6% Loan Commitment Fees, 1% insurance fees)

01. Create a Loan Payment account

Create a loan payment account at any of our branches of choice. Request for a Loan Application Form to file your request for the loan

02. Book an appointment to be Appraised

After filing your request for the loan, book an appointment with us at any of our branches for a visit to your business to be appraised for eligibility

03. Loan Processing and Disbursement

If found to meet the loan eligibility criteria, your loan will be processed and disbursed against your loan payment account for further management

Meet Our Team