Commercial Property Loan

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Commercial Property Loan

Increase your business assets and freedom by owning your own commercial property. The Commercial Property Loan from Fransabank enables you to purchase your business premises while ensuring sound investment for extending the success of your business!

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What do you get?

Loan Currency: LBP/USD
Loan amount: starting LBP 30 million or c/v USD 20,000
Loan period: up to 15 years
Grace period: up to 2 years
Free pre-approved "Business" credit card
Free domiciliation of phone bill
Free access to our internet banking - iBank, telephone banking - Call Center and SMS alerts services

How can you repay your loan?

During grace period, you only settle the interest amount
During the settlement period, you settle your installment on a monthly basis

What are the eligible sectors?

Commercial Property Loan is provided to all self-employed clients whether individual, institution or company operating in the following sectors:

Industry
Tourism
Agriculture
Hospitals
Traders
Professionals such as doctors, engineers, pharmacists…
Service firms and financial institutions
Universities or any educational organization

What are the guarantees needed?

Guarantees will be decided by the Bank on a case-by-case basis and at its sole discretion as follows:

First degree mortgage
Promise of mortgage
Personal guarantee
Life insurance
Fire insurance
Others

Required Documents

Personal documents required from client and/or partner (s) and /or guarantor

Copy of identification card or valid passport or civil register
Place of residence such as copy of title deed or rent contract or mayor attestation or electricity, phone , or water bill
Real estate certificate for plots subject to collateral such as mortgage, negative pledge or proxy to mortgage
Financial statements for the last 6 months for existing clients

Documents proving legal status and income

Copy of company's circular, by-laws and certificate of registration
Copy of documents related to If business location
- If owned: real estate certificate
- If rent: last rent contract
Copy of syndicate membership (if available)
Feasibility study including the cash flow projection for the period of the loan validated by an expert in the field. For term loans, feasibility study with details on projected revenues and expenses.
Financial statements for previous years, up to 3 years (If sales turnover is above USD 500,000 financials must be audited)
Lists of main clients and suppliers indicating the amount and terms of payment/settlement
Latest company bank account statement for the last 6 months (if available)
Copy of the latest fire and life insurance policies (if available)

Additional documents for Kafalat , Daam, Commercial Property Loan and Commercial In-Site Loan

Copy of the rent contract for the duration of the loan
Related permits from concerned authorities for industrial and touristic companies
Related permits from concerned authorities for gas stations for Beirut region and municipality certificate for other regions

In addition to above for Commercial Property Loan Only:

Municipality attestation proving that applicant is not renting the premises subject of the loan.

If your company belongs to any of the below categories, these legal documents should be also provided

For SAL

Photocopy of the minutes of the first Board of Directors meeting
Photocopy of the minutes of the last General Assembly meeting that elected the members of the actual Board of Directors
Photocopy of minutes of the last meeting of the Board of Directors that elected the actual Chairman and fixed his prerogatives including the right of indebtedness for himself or for any other designated person

For SARL

Photocopy of the minutes of the last meeting of the General Assembly that has elected the General Director and fixed his prerogatives including the right of indebtedness

For SCS & SNC

Photocopy of the partnership contract with all the amendments that have occurred
Minutes of meeting of the partners that granted the right of signature, especially the right of indebtedness, in the name of the company

For Sole Proprietorship & Individuals