Small and Medium Enterprises (SMEs) play a vital role in the economic growth and development of the country, especially in one like ours. Bangladesh has approximately six (6) million micro, small, and medium enterprises with less than 100 workers, out of which around 27,000 are SMEs. Micro, small, and medium enterprises provide more than 75% of the income of the households in Bangladesh. The sector contributes nearly 25% of the GDP, 40% of gross manufacturing output, 80-85% of industrial jobs and constitutes around 25% of the total labour force making this sector an attractive one for lending by financial institutions.

SME Division was formed in IDLC to cater to the needs of the SME sector. This division has a dedicated team of professionals with a keen eye for identifying SMEs with growth potential stunted due to lack of adequate and timely access to funds. In addition to required funding clients also get the added benefit of having access to sound and thorough financial advisory services giving them the edge required to succeed in a dynamic and competitive business environment. With dedicated risk managers conducting in depth industry and sector analysis IDLC has the required know how to advise clients on critical success factors ranging from the choice of technology, to sourcing of raw materials. With the future opening of SME focused branches strategically located in various parts of the country, IDLC envisages to expand its geographical footprint thereby enabling it to have access to and service a wider segment of the market.

IDLC already has a diversified product portfolio, which is being constantly enriched with the addition of new products, catering to all the possible financing needs of the SME sector. At IDLC SMEs have access to long term financing in the form of Lease and Term Financing enabling the acquisition of capital machinery and other fixed assets for enhancing their productive capacity; The Factoring of Receivables facility is a product geared towards solving working capital requirement of clients who have a significant amount of receivables from their buyers.

• LEASE FINANCING

• Vehicle Financing

• Commercial Vehicles

• Executive Vehicles

• Equipment Financing

• TERM LOAN FINANCING

• FACTORING OF ACCOUNTS RECEIVABLE

• Any Proprietorship/Partnership firm/Private Limited Company with track record of profitable business operation and sufficient cash flows to service the monthly rental payments.

• Required to have unencumbered vehicle in existing fleet if it is a passenger transport provider or a transporter of goods.

• Ownership of a vehicle is not mandatory if the proposed vehicle is to be used for transportation of own goods.

• Any Proprietorship/Partnership firm/Private Limited Company with track record of profitable business operation and sufficient cash flows to service the monthly rental payments.

• No requirement of having any existing vehicles

• Lease amount can vary depending upon the specific requirement.

• Funding can be upto the extent of 100 % of the chassis; body funding can be extended on special requirement & on the past experience.

• Tie up with the leading manufacturers and suppliers enables us to give the best deals to our customers

• Lease amount can vary depending on the specific requirement

• Our rates are one of the most competitive in the market and most often better than what other NBFIs can offer.

• The interest rates are fixed for the tenure of the contract and are calculated on a reducing balance method.

• Service Charge

• Transfer Price

• Application stating the required financing amount and accompanied by with the following documents

• Memorandum and Articles of the company for a Limited Company;

• Director’s/sponsor’s profile;

• Brief business profile;

• Trade Licence & TIN of the company;

• Income Statement & Balance Sheet of the company and its sister concerns (if any);

• Updated Liability position of any outstanding liabilities with other financial institutions;

• Quotation of The Vehicle.

• In general repayment period is of 3 -4 years, however depending on the nature of the deal the tenure can vary from 13- 60 months.

• Monthly rental to be paid through Post Dated Cheques (PDCs).

• Cheque bouncing charges would be as applicable.

• The repayment schedule is provided at the time of disbursement of the funds.

• Foreclosure of the lease is allowed on a Stipulated Loss Value (SLV) Basis on the outstanding rentals.

• Comprehensive insurance coverage is required for vehicles

• The ownership of the vehicle can be transferred in favor of the client at the expiry of the lease

• Any Proprietorship/Partnership firm/Private Limited Company with more than 2 years of track record of profitable business operation and sufficient cash flows to service the monthly rental payments.

• Lease amount can vary depending upon the specific requirement and repayment capacity.

• Our rates are one of the most competitive in the market and most often better than what other NBFIs can offer.

• The interest rates are fixed for the tenure of the contract and are calculated on a reducing balance method.

• Service Charge

• Transfer Price

• In general repayment period is of 3 -4 years, however depending on the nature of the deal the tenure can vary from 13- 72 months.

• Usually fixed monthly or quarterly rentals to be paid through PDCs or Bank Transfer. However payment may be structured taking into consideration seasonality of business in certain industries

• The repayment schedule is provided at the time of disbursement of the funds.

• Foreclosure of the lease is allowed on a Stipulated Loss Value (SLV) Basis on the outstanding rentals.

• Insurance coverage for certain risks, depending on the nature of the equipment and place of installation is required for equipment.

• The ownership of the equipment can be transferred in favor of the client with the payment of a nominal fee at the expiry of the lease

• Application stating the purpose of financing and required financing amount accompanied by the following documents to be submitted:

• Memorandum and Articles of the company for a Limited Company;

• Director’s/sponsor’s profile;

• Brief business profile;

• Trade Licence & TIN of the company;

• Income Statement & Balance Sheet of the company and its sister concerns (if any);

• Updated Liability position of any outstanding liabilities with other financial institutions;

• Quotation of The Vehicle.

• Any Proprietorship/Partnership firm/Private Limited Company with more than 2 years of track record of profitable business operation and sufficient cash flows to service the monthly rental payments.

• Loan amount can vary depending upon the specific requirement and repayment capacity.

• Our rates are one of the most competitive in the market and most often better than what other NBFIs can offer.

• The interest rates are fixed for the tenure of the contract and are calculated on a reducing balance method.

• Service Charge

• In general repayment period is of 3 -4 years, however depending on the nature of the deal the tenure can vary from 13- 72 months.

• Usually fixed monthly or quarterly rentals to be paid through Post Dated Cheques (PDCs ) or Bank Transfer. However payment may be structured taking into consideration seasonality of business in certain industries

• The repayment schedule is provided at the time of disbursement of the funds.

• Foreclosure of the loan is allowed on payment of 3% fee on the outstanding principal amount

• Application stating the purpose of financing and required financing amount accompanied by the following documents to be submitted:

• Memorandum and Articles of the company for a Limited Company;

• Director’s/sponsor’s profile;

• Brief business profile;

• Trade Licence & TIN of the company;

• Income Statement & Balance Sheet of the company and its sister concerns (if any);

• Updated Liability position of any outstanding liabilities with other financial institutions;