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Botswana - Apply for Commercial or Retail or Industrial Loan

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ProcedureEdit

Apply In-Person

  1. The National Development Bank has introduced various financial assistance interventions like Commercial or Retail or Industrial Loan, used to finance; working capital, machinery and equipment, and building construction & refurbishment for eligible businesses.NDB contact details
  2. Interested applicants should visit the nearest NDB branch office, and express their interest in assessing the loan to the Sales department unit.
  3. Collect and complete the Commercial/ Retail/ Industrial Loan Application Form or download it via the NDB website Forms or directly download it using this link, Commercial/ Retail/ Industrial Loan Application Form
  4. 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.
  5. 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.
  6. 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.
  7. Notice of the decision (Approval, Deferral, or Rejection) for the Loan will be communicated to the client in writing /phone/email.
  8. 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.
  9. 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).


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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). If applicable, a copy of the Marriage Certificate.
  • If married out of community of Property please provide Instrument from Deeds Office or Decree Absolute if Divorced.
  • A copy of a residence permit (Non-citizens).
  • A copy of work permit(s) for all company employees who are not a citizen or an alternative (i.e. Waiver). Current Payslip for both applicant and Spouse, if applicable.
  • Employment Confirmation Letter/ Copy of employment contract, if applicable.
  • Copy of Land title (Title Deed, Registered lease, etc to be offered as security and /or for properties to be developed.
  • Certificate of incorporation or registration documents for companies, trust, AMA, partnerships, and other legal entities.
  • A constitution, partnership agreements for partners, syndicates, and trusts (Trust Deeds) (In addition NDB may require management plans.
  • Resolution by Shareholders/Board/Member to apply for a loan. (If the loan is for the company, AMA, or more than one party).
  • Provide an Original Valuation Report for assets offered as security for the loan (immovable property, existing machinery, and existing vehicle Etc.).
  • Provide financial statements income statements & Balance sheets (Historic & Projected performance for existing entities Projected performance as per the inform guide).


The bank reserves the right to request audited accounts’ especially for big projects or as required by law.

  • Provide Curriculum Vitae (CVs) of all key management personnel.
  • Provide VAT number if the company is registered or required to be registered under VAT.
  • Provide applicant’s bank statements for the latest 3 consecutive months for individual applicants, or 6 consecutive months for company applicants.
  • Provide approved plans of retail commercial projects to be developed /constructed.
  • Provide personal balance sheet(s) of the applicant, partners, shareholder, and those guaranteeing the loan.
  • Provide relevant quotations, sales agreements, permits, franchise agreements, import/export licenses, health permits, and other permits.
  • Environmental Impact Assessment, for applicable projects. Provide copies of all necessary licenses needed to operate the business (i.e. trading licenses) Provide lease agreement(s) where appropriate (i.e. if the project is to rent premises.)
  • Where the applicant has loans with other institutions, details of these loans should be provided (i.e. purpose of the loan, creditor/institution, loan period, rate of interest, monthly repayments, period to maturity of the loan/when the loan is expected to be fully repaid).
  • Proof of Physical Address, i.e. Utility Bills.
  • Provide BURS Tax Number. Provide Tax Clearance.
  • Provide Share Certificates for all shareholders.
  • Provide a letter of consent from the spouse, if the applicant is an individual.
  • Provide a detailed Business Plan.
  • Provide Annual Returns, Forms 42 or 58 (whichever is applicable), where the company has been in existence for 12 months.


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


EligibilityEdit

These are examples of commercial Retail projects that we finance

  • Supermarkets
  • Large scale retailers
  • General dealers


Specialized retailers (service stations, restaurants, furniture shops, funeral parlors, florists etc.

  • Butcheries
  • Hair salons


Commercial projects financed include

  • Business services.
  • Hotel & Tourism projects.
  • Restaurants.
  • Civic & Community projects (educational institutions).


FeesEdit

No fee associate with the service.

ValidityEdit

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever


Documents to UseEdit

Commercial/ Retail/ Industrial 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.


Related VideosEdit

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.


InstructionsEdit

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


Required InformationEdit

  • Propose loan requirement
  • Background information of the applicant
  • Employment particulars for individual applicants, if applicable
  • Particulars of the spouse, if applicable
  • Particulars of next of kin not living with the applicant
  • Commercial bankers’ details
  • Accounts /auditors details
  • Establishment details
  • Applicant’s debts
  • Ownership or management (if an applicant is a company)
  • Loan requirements
  • Financial particulars
  • Loan security
  • Property development (where construction works are applicable)
  • Financials (historical/projected income statement)
  • Declaration by the applicant


Need for the DocumentEdit

The National Development Bank has introduced various financial assistance interventions like Commercial or Retail or Industrial Loan, used to finance; working capital, machinery and equipment, and building construction & refurbishment for eligible businesses.

Information which might helpEdit

Enter other informations which might help.


Other uses of the Document/CertificateEdit

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.


External LinksEdit

NDB

OthersEdit

More information which might help people.


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