The 'SME Energizer' loan, in partnership with the Government of Sri Lanka, aims to offer crucial financial assistance to SMEs and MSMEs throughout the country. This initiative highlights SMIB's dedication to empowering small and medium-sized businesses and driving economic growth by supporting emerging enterprises in Sri Lanka.
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Key Features
- Maximum Loan amount – Up to Rs.15 Mn
- Repayment Period - Up to 10 years
- Interest Rate - 7.00% p.a.
- Loan Amount – Maximum of 90% of the estimated cost
- Should posess valid Business Registration
Main Sectors/ Who can apply?
Business in the Manufacturing, Construction, Exporters, Tourism, Apparel, Agriculture & Argo based Industries who possess a Valid Business Registration or any women led enterprise.
Eligible purposes
- Purchase of assets such as machinery, equipment or furniture for business expansion, cost reduction initiatives i.e. solar installations or productivity improvement.
- Vehicle purchase is not allowed unless it is a land vehicle or sub-borrowers are in the hotels or tourism sectors.
- Introduce new or advance technologies for business upgrading.
- New constructions / expansions / refurbishment of a factory, building, warehouse, and tourism sector related locations.
