Dhaka Bank Start Up Fund
“DBL Start-up Fund” is a Term Loan Product for CMSME clients to promote new entrepreneurs. The aim of this facility in to encourage and support young entrepreneurs and transform their innovative ideas into businesses. New-to-Bank Startup business entrepreneurs with age between 21 years to 45 years will be eligible for a maximum of Tk.1.00 crore term loan paying significantly lower interest rate. Entrepreneurs with innovative ideas in Manufacturing and Service Sectors can avail unsecured term loan against their educational qualification, technical expertise and training. Clients’ original education certificates and certificates of training on relevant fields are kept as security against the term loan.
Key features:
- Target Customer: Business should be newly established and creative/innovative
- Loan Type: Term Loan
- Loan Ceiling: Tk.10.00 Million (Maximum)
- Loan tenor: 1 to 5 years maximum
- Interest Rate: 4%
- Client age requirement: 21 years to 45 years
- Security: Original education certificates and certificates of training on relevant fields
Continuous Loan
In order to ensure continuous cash flow for procurement of additional or incremental requirement of consumer goods, as and when needed, continuous loan facility proves to be quite crucial factor for business sustainability. Accordingly, in order to assist to continue regular business activities, Dhaka Bank SME is equipped with “Overdraft Loan” facility (OD Loan), renewable on a yearly basis. OD Loan is extended to SME Customers keeping their respective business nature, purpose of requirement, viability as well as feasibility under consideration.
Demand Loan
Businesses that basically revolves and depends on specific time period of a year, having seasonal impact, require such credit facility, where, the customer is allowed a loan facility for a specific term, to be utilized for smooth operation of his respective business to flourish and at the end of the season, the customer is to pay off in full after due tenor. Dhaka Bank SME offers such, “Demand Loan” in form of “one-off” or ”revolving” facilities.
Term Loan
In order to facilitate business community belonging to small and medium segment, to assist increasing their respective business portfolio and financial asset, a specific loan facility, for a tenor ranging from 1 (One) year to 7 (Seven) years, is available in form of “Term Loan” facility, to be adjusted on installment basis. Dhaka Bank offers Term Loans for Small Enterprises for a tenor of 2 years and Medium Enterprises for 7 years respectively.
Supply Chain Financing: (A) Bills to Cash (B) Factoring Finance
Supplier finance is based on the receivable of suppliers. A supplier provides the goods or services to the Corporate buyer, based on the received & endorsed invoices from buyer, bank finances 80-100% (on invoice value) to the supplier. On or before maturity the repayment is made by corporate buyer. This financial product is formulated to aid relatively larger business houses/enterprises that depend on multiple suppliers for various raw material/ingredients to process and finish consumable goods/services.
Distributor Finance
Distributor finance is a kind of financing that benefits both the distributors and manufacturers/ corporate sellers. It commonly refers to a mode of financing in which the financier makes payment to the manufacturer/principal for lifting goods on behalf of its distributors and the distributors after a certain credit term pays the money back to the financer (Bank). Distributor financing offers clear benefits for both the corporate and the local distributor leading to greater flexibility of cash flow business growth potential.
1st Time Borrower(SUCHONA LOAN)
New SME Entrepreneurs, find it quite difficult to avail formal loan facilities. To address the issue, Dhaka Bank SME Division offers “Shuchona Loan” to facilitate such 1st time borrowers to attain sustainability of their smooth business function and prosperity. The only pre-condition for eligibility in this category is that the customer is required not to have availed any loan facilities in company’s favor prior to availing “Shuchona Loan.”
Women Enterprise Loan(ODITIYA LOAN)
Business women are encouraged and motivated for their contribution in our overall economy. As such inclusion of more number of women with various business activities would only bring in betterment of our overall economy. In tune with this spirit, “Oditiya Loan” facility is formulated with the aim to aid business women in their business activities to gain profitability and sustainability.
Dairy Loan
Dhaka Bank Dairy Loan is to facilitate people dealing with live stocks, like, cattle, sheep, cow, goats etc however, not be used for cultivation, to increase numbers and resultantly ensuring better financial benefit. As such, live stock business owners, either require to invest in fattening live stocks, to be sold out at profitable price at various occasions/festivals or, in keeping them healthy and increase their milk productivity, impacting their business profitability.
Commercial House Building finance
SME loan is business loan by nature and in line with this, Dhaka Bank has house building financing facility for building, renovating or procuring commercial buildings.
LOAN BY DEPOSITION OF TITLE DEED (EASY LOAN)
SME Business financing is almost always security based lending, however, not all intersed SME customers are capable to offer collateral or land security in order to obtain credit facilities for running thier business activities, resulting in unsuccessful business endeavor. Keeping it under consideration, Dhaka Bank offers Term Loan facilities to assist customers, who cannot afford to offer any collateral as security, in the name of “DBL Easy Loan”.
Loan for tender/bid/auction participation
Dhaka Bank has tailored Product for entrepreneurs participating in various governmental/non-governmental auctions/bids/tenders, who have to submit Payment Orders prior to a particular project being assigned in their favor. The loan credit may be extended in form of of “one-off” or”revolving” facilities.
LOAN FOR WORK ORDER FINANCE
In order to address business fund crisis or insufficient fund/cash for procuring Work Order for obtaining total Project financing, Dhaka Bank has financing mechanism, namely, Work Order Finance. The respective liability is adjusted out of the payments (PO) received by the customer from the parent organization after completion of work.
NON-FUNDED LOAN
LC (Letter of Credit) is a mode of non-funded financing by which customers procure raw material for manufacturing or supply of goods, not available locally, get financial assistance by making partial payment as LC Margin, depending on mutual understanding and relationship. Additionally, Dhaka bank also provides services to customers’ dealing with Export LCs and Bank guarantees, another two non-funded financing, available for SME customers.
SECURED LOAN
SME customer, may he be involved in trading, service, manufacturing or agricultural business, is entitled for a credit facility out of his deposited amount from FDR/DPS etc. Dhaka Bank extends up to 90% of such credit facilitiy, based upon his/her retained with the bank.
LEASE FINANCE
Dhaka Bank offers lease financing facility mainly on mid-term or long-term basis depending on the requirement and nature of future outcome of the procured entity. In line with this, on the basis of monthly payments, Dhaka Bank undertakes various ventures like procuring business plants, machinery, vehicles etc. on company’s behalf keeping the Title Deed in Bank’s name.
Islamic Credit
Main stream financing involves interest earning and interest expense that plays a key role, any SME customer, not willing to exercise interest related business lending can enjoy financing from Dhaka Bank on the basis of profit and loss, from any of Dhaka Bank branches. However, related maintenance of data base and other reporting procedure is maintained centrally.
“i-Samadhan” is a platform for MSME Entrepreneurs, interested to avail credit facility for better management of their respective business portfolio. It is made available on Dhaka Bank official webpage, under MSME & AGRI. segment where an entrepreneur may obtain notional/tentative by submitting his/her basic business information within 24 business hours.
