The Gambia

Loans & Advances

  • The Gambia
  • SME Banking
  • Loans & Advances

From Business Overdrafts to Working Capital Finance, Local Purchase orders and more, Vista Bank offers a comprehensive range of Loan and Advance products and services to suit every need.

  • Business Loans

    What are Business Loans for?

    Businesses require an adequate amount of capital to fund startup expenses or to pay for expansions. As a consequence, companies take out business loans to gain the financial assistance they need. This is a debt that the company is obliged to repay according to the terms and conditions agreed.

    What you'll need:

    • Request letter
    • Guarantor information
    • Collateral

    Features and benefits:

    • Repayment is by fixed installment over an agreed period of time
    • Highly competitive interest rates
  • Business Overdrafts

    What is a Business Overdraft for?

    This service allows for additional flexibility when the need arises. Funding is provided to customers on the basis of their receivables for a period of time not exceeding one year.

    What you'll need:

    • Copy of TIN certificate
    • Cash flow projections to cover proposed repayment period
    • Management/company profile
    • Audited financial statements
    • Market information indicating main suppliers, client product lines and competitors
    • Application letter stating amount, purpose and duration i.e. 3, 6, 9 & 12 months maximum
    • Board resolution to borrow (i.e. Limited Liability Company)
    • Repayment source and program
    • Collateral
    • Perfected security documents

    Features and benefits:

    • Interest is charged on the amount overdrawn
    • A negotiation fee applies
  • Cheque Discounting

    What is Cheque Discounting for? 

    Cheque Discounting is the advance payment of post-dated cheques.

    What you'll need:

    • An functional account
    • Instant cash

    Features and benefits:

    • Recipient can receive funds before the due date
    • Competitive interest rates apply on withdrawn amount
    • If dishonoured upon clearing, the full amount is debited
  • Local Purchase Orders

    What is a Local Purchase Order for?

    Local Purchase Order financing is designed to meet the working capital needs of contractors and vendors of reputable organisations.

    What you'll need:

    • Application letter
    • Board resolution to borrow (i.e. LLC)
    • LPO confirmation letter
    • Payment domiciliation letter
    • Security documents
    • Guarantee forms
    • Copy of the LPO

    Features and benefits:

    • Provides access to working capital finance and increased liquidity
    • Increases ability to carry out orders within a stipulated time frame
  • Asset Based Finance

    What is Asset Based Finance for?

    Asset based finance is a specialised method of providing companies with working capital and term loans that use accounts receivable, inventory, machinery equipment and real estate as collateral. It is essentially any loan to a company secured by one of the company’s assets.

    What you'll need:

    • Client’s application letter
    • Board resolution to borrow (i.e. LLC)
    • Report on goods for warehouse
    • Signed guarantee forms

    Features and benefits:

    • Insurance cover on stock, equipment and building
    • Valuation report on equipment, machinery and building
    • Valid business registration
    • Leased developed properties within the greater Banjul
    • Increase wallet share and business
    • Secured overseas transactions guaranteed
    • Swift turnaround time
    • Use of business cash for other investments
    • Negotiable interest rates
    • Business advisory services
  • Working Capital Finance

    What is Working Capital Finance for?

    Working capital financing is a form of support the bank provides to expanding and growing businesses (which must also be an existing customer) with limited working capital to enable growth.

    What you'll need:

    • Client’s application letter
    • Board resolution to borrow (i.e. LLC)
    • Memorandum & articles of association (or Articles of Partnership)
    • Security documents (i.e. Land Certificates, Title Deeds, Certificate of Ownership, Vehicle Insurance, Stock Hypothecation)
    • Company’s Annual Accounts and Reports
    • Guarantor who has to be a customer of the bank

    Features and benefits:

    • Insurance cover on stock, equipment and building
    • Valuation report on equipment, machinery and building
    • Valid business registration
    • Leased developed properties within the greater Banjul
    • Increase wallet share and business
    • Secured overseas transactions guaranteed
    • Swift turnaround time
    • Use of business cash for other investments
    • Negotiable interest rates
    • Business advisory services
  • Project Finance

    What is Project Finance for?

    This relates to the financing of both new and existing projects. Customers (who must have an existing business relationship with the bank) are required to provide a viable business plan before financial assistance can be considered.

    What you'll need:

    • Application letter
    • Board resolution to borrow (i.e. LLC)
    • Building plan
    • Architect’s drawings
    • Bill of quantities,
    • Certificate of occupancy
    • Detailed feasibility (i.e. for factory projects)
    • Details of security arrangements

    Features and benefits:

    • Insurance cover on stock, equipment and building
    • Valuation report on equipment, machinery and building
    • Valid business registration
    • Leased developed properties within the greater Banjul
    • Increase wallet share and business
    • Secured overseas transactions guaranteed
    • Swift turnaround time
    • Use of business cash for other investments
    • Negotiable interest rates
    • Business advisory services
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