Services

Security Backed SME Financing

Credit to SMEs with security…

What services we provide

This facility is a security backed loan that is open to all Small and Medium Enterprises that are duly incorporated and registered with BRELA and have evidence of servicing reputable Companies.
Purchase/Service Order and Tender Finaning
SMEs who have orders with established Corporates can obtain short term credit of 30 to 90 days to enable them to fulfil their supply contractual obligations.
Invoice Discounting
SMEs that have already supplied goods and services to Corporates and wish to get an advance against the amounts payable by the Corporate to meet their short-term needs.
Term Loans
SMEs with proven track records and regular cash flows from servicing reputable corporate organizations may qualify for a short-term working capital loan ranging from 1 to 12 months.

Loan application process
Step one
SME supplier/contractor approaches RYTHM for funding
Step two
RYTHM confirms order with corporate KYC documentation reviewed.
Step three
Credit appraisal conducted.
Step four
Credit Committee approves facility
Step five
Security perfection with relevant authorities undertaken & finance is advanced to SME finance.

Requirements

  • BRELA documentation
  • 12 months Bank Statements
  • Directors KYC
  • Copies of orders, Invoices and supply Contracts
  • Acceptable Security

Acceptable Security

  • For loans up to TZS 5,000,000 – Motor vehicle (comprehensively insured)
  • For loans above TZS 5,000,000 –Landed property
Our services

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