Gulf African Bank - Asset Based Financing

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Asset Based Financing

Are you looking to expand your fleet or is your business in need of new machinery? Gulf African Bank offers a cost-effective solution tailored around your cash flow in the form of Asset Based Financing.

    • Minimum facility is Kshs. 1,000,000

GAB financing as follows :-

  • New trucks/trailers - 80% max

  • Pick-ups and personal vehicles - 80% max

  • Used trucks/trailers - 70% (Age: 6 years and below)

  • Machinery - 50% (new)

 

    • Commercial vehicles (excluding PSV’s)

    • Latest 12 months bank statements

    • Cash flow statement

    • ID & PIN of owners

    • Certified copies of PIN for business

    • Copy of lease/proof of location of business

VAT certificates where applicable:-

  • Current business licenses

  • Pro Forma invoices

  • Existing contracts or justification for purchase of assets

  • AA valuation for used vehicles

  • Memorandum & Articles of Association

  • Certificate of Incorporation

  • Latest annual returns and filing receipts

  • Audited financial statements

  • Certificate of registration