Botswana - Apply for Bridging Financing Loan

ProcedureEdit

Apply In-Person

The National Development Bank has introduced various financial assistance interventions like Bridging Financing Loan, for short-term acquisitions while providing a guarantee of income. NDB contact details.
Interested applicants should visit the nearest NDB branch office, and express their interest in assessing the loan to the Sales department unit.
Collect and complete the Bridging Financing Loan Application Form or download it via the NDB website, Forms or directly download it using this link,Bridging Financing Loan Application Form
Submit the certified copies of the supporting documents as mentioned under the “Required Documents” section of this page; in addition to the duly completed application form in all respect to the NDB sales department office/unit. Any omission of these documents will render the application process incomplete.
Upon receipt of the application file, the NDB receiving officer will verify if all the necessary information and documentation has been provided and that the applications comply with the selection criteria before registering the application file for assessment and consideration by the NDB sales department unit.
The application will be processed as per the information and documentation provided, that is why applicants are advised to provide sufficient information to enable the NBD sales department unit to evaluate the business/company and make its decision.
Notice of the decision (Approval, Deferral, or Rejection) for the Loan will be communicated to the client in writing /phone/email.
If the funding is approved, the applicant will be required to visit the NDB office, where the application was lodged, and produce a proof of identity document to be validated by the authorized official. The borrower shall be made to sign a contract with NDB
The Access of the loan by the applicant once approved, is normally subjected to pre-disbursement conditions as the NDB deems fit, once all these conditions have been fulfilled, the loan can start disbursing in accordance with the implementation schedule agreed with the applicant (borrower).

Required DocumentsEdit

Two (2) certified copies of National Identity Cards (Omang), for all Batswana applicants, all Shareholders, and Directors. Two (2) certified copies of passports (for non-citizens).
A copy of a residence permit and work permit (Non-Citizens).
Valuation Report for Fixed Assets.
Title Deed for Fixed Asset pledged as Security/ Collateral.
Certificate of Incorporation or Registration documents for companies, trust, partnerships, and other legal entities.
Memorandum and Articles of Association where the applicant is a company and other registration documents as required by law.
Resolution by Shareholders/Board/Members to apply for the loan, if the loan is for a company (The signing authorities to be clearly outlined in the Resolution).
Applicant’s Bank statements for the latest 6 consecutive months
Assurance payment letter.
Tax Clearance. Quotations (Where Applicable).
Tender Contract/ Agreement.
Utility Bill as Proof of physical Address (BPC, Water Utilities /Water Affairs/Telephone Bills).
Provide Annual Returns, Forms 42 or 58 (whichever is applicable), where the company has been in existence for 12 months.
Provide Share Certificates for all shareholders.
Sales Agreement/ Contract.
Provide VAT number if the company is registered or required to be registered under VAT.

Office Locations & ContactsEdit

NATIONAL DEVELOPMENT BANK (NDB)
GABORONE OFFICE
Client Relations Director
Regional Managers
Relationship Managers
Sales Executives
Address: Development House Queens Road, Main Mall
P O Box 225,
Gaborone Tel: (+267) 395 2801
Fax: (+267) 397 4446

FRANCISTOWN OFFICE
Regional Manager
Relationship Manager
Sales Executives
Address: Tswelelopele House
P O Box 282, Francistown
Tel: (+267) 241 6044
Fax: (+267) 241 6065

MAUN OFFICE
Regional Manager
Relationship Manager
Sales Executives
Address: NDB Office, Mall
P O Box 453, Maun
Tel: (+267) 686 0316
Fax: (+267) 686 0645

PALAPYE OFFICE
Relationship Manager
Sales Executives
Address: NDB Office, Palapye Development Trust Mall
P O Box 10387, Palapye
Tel: (+267) 492 0552
Fax: (+267) 492 0551
NDB contact details
NDB Website

EligibilityEdit

Individuals or companies owned by citizens aged 18 or over, either wishing to start a new business or wanting to expand an existing one.
Applicant should have an existing activate account.
Bridging finance loans range from P500.00 to P4 million.

FeesEdit

No fee associate with the service.

ValidityEdit

The repayment period will depend on the date of receipt of expected money which will be used to clear the debt but will not exceed 12months. Monthly repayments are not usually required, instead, a bullet repayment is made using the received money.

Documents to UseEdit

Bridging Financing Loan Application Form

Sample DocumentsEdit

Please attach sample completed documents that would help other people.

Processing TimeEdit

Please explain processing time taken in obtaining the document/certificate.

InstructionsEdit

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.

Required InformationEdit

Company details
Applicant’s bank details
Transaction details
Repayment period
Key men’s credit life insurance
Details of payment assurance
Past dealings with NDB
Current and previous involvement with other banks
Financial particulars
Security (if applicable)
Personal balance sheet (assets/liabilities list)
Declaration by the applicant

Need for the DocumentEdit

The National Development Bank has introduced various financial assistance interventions like the Bridging Finance for the financing of short-term acquisitions while providing a guarantee of income.

Information which might helpEdit

Enter other informations which might help.

External LinksEdit

NDB

OthersEdit

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