The Credo Start-Up Business Loan helps entrepreneurs launch a new small business. The bank emphasises funding needs even for applicants without an established credit history, in line with its focus on micro and small business in the regions.
The amount, term and rate are set individually based on the business plan and the borrower’s circumstances, with applications handled at service centres or through Credo’s intermediaries.
What's good
- Open to borrowers without an established credit history
- Focused on micro and small business in the regions
Trade-offs
- Rate not published upfront
- Requires a viable business plan
