The State Mortgage and Investment Bank (SMIB) is one of the most established
financial institutions in Sri Lanka.
Business Development Loans for Individual and Corporate Clients (micro, small, medium, and corporate entrepreneurs)
This product offers financial assistance for Micro, Small & Medium Enterprises to achieve their growth potential. This facility has been made available to Banks by the CBSL Monetary Law Act Order No. 02 of 2021 to provide financial solutions in line with the current market trends.
This product has been designed to finance individual and corporate entrepreneurs (who have been in business for a minimum of one year) to continue or improve their businesses.
Instalments should be paid by the borrower to settle the loan capital and interest through their savings account at SMIB during the loan tenure. The instalment type can be designed as per the project/business's cash flow.
For example, the mode of repayment can be decided as per the nature of cash flow such as EMI/Quarter/Semiannual instalments that might be applied for agriculture, manufacturing, construction, purchase of fixed assets, working capital facilities, etc. Bullet re-payments might be applied for property development facilities, order-specific financing, etc., where interest is serviced monthly and capital repayment at the end of tenure/specific period, based on the cash flow derived from the project/order.
Conditions apply
For more information, visit our nearest SMIB Branch or Contact Us via our Call Centre at 1922
A special loan facility for Micro, Small & Medium Enterprises (MSMEs) that offer financing solutions to launch a business or...
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