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Small Enterprise Development (SED) Program
SED is a congenial term loan window for SME as well as Corporate clients. Under this program MFL provides financing facilities in the form term loan for expansion of existing business. Basic terms and conditions of the loan are -
Acceptable legal form of the Entity
Proprietorship
Partnership
Private Limited Company
Public Limited Company
Loan Size
Tk.10,00,000/- to Tk.200,000,000/-
Loan Repayment Period
Maximum 5 Years
Mode of Repayment
Monthly and quarterly
Incentive on Repayment
Rebate @ 5% of interest for timely repayment
Security of the Loan
Personal Guarantee of the Sponsors AND
Third party guarantee of two responsible persons for any loan within Tk.10,00,000/-
Corporate Guarantee
Mortgage of property OR
Lien of Term Deposit Receipt (TDR) OR
Lien of Marketable Securities
Loan Application Fee
Tk.300/-
Service Fee
0.50% of loan amount, not exceeding Tk.50,000/- and not less than Tk.5,000/-
Special Features of the Product
Relatively short processing time
Competitive Pricing
Incentive on Timely Repayment
Loan up to Tk.750,000/- is collateral free
Flexible repayment (equal monthly or monthly reducing)
Special benefits for the Women Entrepreneurs
MFL offers Special incentive and flexible loan window for deserving women entrepreneurs under SME.
Loan at minimum interest rate of 10% p.a.
Loan up to Tk.25.00 lac without any collateral security
Customized counseling through the women entrepreneurs’ dedicated help-desk
Preferential service in loan processing
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