• This is short term financing not exceeding 12 months intended to support working capital
  • Finances short term finance needs occurring during the intervals between receipt of proceeds and the payment period in the context of the asset conversion cycle
  • Connected to the NMB Business Account
  • The facility can be renewed
  • Strictly not for personal consumption
  • Not for financing fixed assets e.g. buildings, machinery etc.
  • Maximum lending to a single borrower will be as per prevailing Central Bank Prudential Guidelines
  • Price for unauthorized overdraft is +5% on the O/D interest on the exceeded limit
  • Interest is calculated daily based on the maximum balance used per day
  • Interest payment is per month, debited from the business account
  • Duration is 12months, subject to annual review and/or renewal incase of need
  • Interest rates for corporate lending are competitive and negotiable


  • To support working capital requirements
  • Available anytime when applied for but subject to viability of the business and fulfillment of the collateral documentation
  • Interest is charged only on the overdrawn balances, hence it is cost effective to the borrower
  • Cultivates a sense of closer cash management for the customer hence bringing efficiency
  • Gives assurance to the customer of business continuation even during cash deficit cycles

Eligibility - General requirements

  • Application letter
  • Cash flow projections 
  • Business plan 
  • Memorandum and Articles of Association.
  • Certificate of registration/Certificate of incorporation 
  • Audited financial statements for the last three years, and management account up to date of application
  • Business license, TIN certificate
  • Board Resolution to Borrow 
  • Recent filed returns with Register of Companies (for companies)
  • Tax Clearance Certificate 
  • Proposed security for the facility
  • Valuation report of the proposed security
  • Business must prove to be financially viable with sound business turnover

Additional Documents for Public Corporations and Government Agencies:

  • Must provide Government assent to engage in the borrowing 
  • Must provide Government Guarantee