Seylan Bank has always recognized the Small and Medium Enterprises (SMEs) potential and maintained the vision of supplementing SME’s with the tools they need to thrive.
SMEs who apply for SME loan facilities for LKR 25 million or below can receive the decision on loan approval within three (3) working days, subject to the relevant criteria are fulfilled ..
This initiative is designed to,
- Reduce the traditional waiting period for loan approvals
- Enable quicker access to business expansion funding
- Support SMEs
- Door step services
Eligibility Criteria
To qualify for the SME Fast Track Loan Facility:
- Total Credit Requirement must be LKR 25 million or below.
- The business must have been in active operation for a minimum of three (3) years at the time of the credit request.
- The applicant must maintain a clear CRIB record
Document Required
- Loan application
- Copy of NIC
- Copy of BR
- Any other documents required to bank for the application process
