Standard Chartered Business Working Capital provide limits up to BDT 16 crore.
We offer BWC product with a simplified process and simplified documentation.
We offer the BWC product using a simplified rule-based credit assetment methodology.
- What is Business Working Capital?
Business Working Capital (BWC) is an array of trade and lending products, which is specifically designed to match the client’s business cycle. Trade and Working Capital products are short term in nature i.e. 12 months or less in tenure, and addition to the existing Business Banking product suite of long term loans (BIL upto 48 months, LAP upto 180 months).
- What is the benefit to the client to avail BWC facility from Standard Chartered?
BWC would be sourced under a simplified rule-based underwriting approach, with ease of documentary requirements, and a simplified annual renewal process. Limits up to BDT 16 crore can be availed under this program amongst a range of Trade Finance product offerings, alongwith a dedicated Relationship Manager.
- Which entities can apply for a BWC facility?
- Customers with turnover upto BDT 80 crore
- Proprietorship concerns
- Registered Partnerships
- Private Limited Companies
- Public Limited Companies*
- Professionals having valid trade license
- Foreign-owned/Joint Venture firms having more than 50% shareholding by Bangladesh citizen
- Which products would be offered under BWC?
We are offering 3 categories of products under BWC at present:
- Short Term Loan
- Letter of Credit
- Invoice Financing
- Shipping Guarantee
- Bank Guarantee
Foreign Exchange Hedging:
- Plain FX Forward
- What is the processing fee?
No Processing Fee
- What is the property eligibility under BWC?
Residential and Commercial Properties within Dhaka and Chittagong Metropoliton Area
- Application form of Business Working Capital
- Valid Current Trade License
- Trade License of last 3 years
- Latest 12 month Bank Statement
- National ID/Passport/Driving License of Business Owners
- Utility Bill of Business
- 12 Digit e-TIN Certificate
- Photograph of the owners
- Sanction letter of all other bank loans
- All property related documents
- Board/Partnership Resolution ( for partnership and private limited companies only)
- Partnership deed and registration certificate from registrar of firms ( for Partnership businesses only)
- Memorandum of Article of Association and Certificate of Incorporation (for Private Limited Company only)
- Borrowing clause needs to be present in Memorandum of Article of Association
- Updated Form X and XII ( for Private Limited company only)
- End use of fund declaration ( at the time of disbursement)
- Personal Guarantee with valid photo ID (National ID/Passport ) from Spouse/immediate family member
Please note that the above requirements are not exhaustive and the bank may require further documentation for credit assessment on a case to case basis.
*Terms and conditions apply.
Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.