A Development Financier
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Application Requirements
1GENERAL REQUIREMENTS
IDCE general requirements for applications include company legal documents:
a) Memorandum of association
b) Certificate of incorporation
c) Form J
d) Form C
e) Tax clearance certificate
f) Trading license
a) Memorandum of association
b) Certificate of incorporation
c) Form J
d) Form C
e) Tax clearance certificate
f) Trading license
2BUSINESS DOCUMENTS REQUIRED:
a) A business plan, an application letter and cash projection.
b) A contract document, a purchase order and letter of intent
c) A shareholders resolution to borrow
d) A contractor’s confirmation of contract
e) Company address, bankers, auditors and authorized signatories
b) A contract document, a purchase order and letter of intent
c) A shareholders resolution to borrow
d) A contractor’s confirmation of contract
e) Company address, bankers, auditors and authorized signatories
3REQUIERED PROMOTER DOCUMENTS:
a) Identity documents of shareholders and directors
b) Passport sized photos
c) Personal balance sheets of shareholders and directors
d) CV’s of shareholders and directors
e) Contact numbers and addresses of shareholders and directors
b) Passport sized photos
c) Personal balance sheets of shareholders and directors
d) CV’s of shareholders and directors
e) Contact numbers and addresses of shareholders and directors
4REQUIRED DOCUMENTATION:
The following documentation should be attached:
a) 3 quotations with serial engine numbers
b) Asset model for new assets only
c) Supplier addresses and contact numbers
e) Insurance quote from AON brokers, Lidwala and SRIC
f) Quote for tracking device
a) 3 quotations with serial engine numbers
b) Asset model for new assets only
c) Supplier addresses and contact numbers
e) Insurance quote from AON brokers, Lidwala and SRIC
f) Quote for tracking device
5CONTRIBUTION DOCUMENTS:
a) Bank statement showing proof of 10% deposit
b) Proof of first instalment to be paid in advance
c) E200.00 application fee
These should include an Input Tax Clearance (ITC) check plus an original invoice with a serial chassis number.
b) Proof of first instalment to be paid in advance
c) E200.00 application fee
Appraisal documents
These should include an Input Tax Clearance (ITC) check plus an original invoice with a serial chassis number.
6GENERAL REQUIREMENTS FOR LOANS AND ADVANCES FOR NEW PROJECTS
Registered company
a) Copy of lease agreementb) Proof of collateral
c) E500.00 application fee
For existing projects
a) Copy of lease agreement
b) Poof of collateral
c) E500.00 application fee
d) Reference of previous jobs done
7GENERAL REQUIREMENTS FOR SOLE TRADERS APPLICATIONS FOR LOAN ADVANCE
Sole trader’s details required
a) Copy of IDb) Graded tax number
c) Passport sized photo
d) Physical home address
Business documents required
a) Business proposal with cash flowb) Contract document/ purchase order/ letter of intent
c) Trading license
d) Lease agreement
Contribution documents required
a) Application feeb) Proof of collateral
Additional requirements for existing projects
a) Daily takings records
b) Bank statement (6 months)
8APPLICATION REQUIREMENTS FOR INDUSTRIAL SPACE
Companies
• Certificate of incorporation
• Memorandum and articles of association
• Certified copies of ID’s of Directors
• Form J
• Form C
• Trading Licence
Sole traders
• Certified copies of ID’s of Directors
• Trading licence