Property and Manufacturing

OVERVIEW: PROPERTY

CEDA offers loans towards the development or acquisition of real estate, mainly for commercial/industrial purposes.The Agency also offers manufacturing loans towards setting up or buying of existing Manufacturing enterprises.Loans will also be extended for the expansion of existing enterprises not bonded to CEDA as well as those that have existing facilities with CEDA.

 

PROPERTY

 

•             Shopping complex

•             Warehouse

•             Shopping mall

•             Multi- residential etc.

 

CONSTRUCTION LOANS

 

This loan is used for the construction of property or to complete a partially developed or incomplete structure.

 

Requirements

•             EIA (where applicable)

•             Approved Building Plans (should be less than 2 years)

•             3 quotations from 3 Construction Companies (Labour and Material)

•             Bill of Quantities conducted by a qualified Quantity Surveyor.

•             Soil test report

•             Structural report

•             Title deed

•             Valuation report

•             Pre- lease agreements

 

PROPERTY PURCHASE LOANS

 

This is a loan used for the purchase of already existing property. The types of property projects funded include but are not limited to the following;

•             Multi residential

•             Warehouse

•             Shopping mall

•             Shopping complex

•             Office parks

•             Apartments

 

Requirements

•             Offer of sale/Deed of sale

•             Valuation report

•             Copy of title Deed

•             Structural Survey report

•             Pre- lease agreements

 

             OVERVIEW: MANUFACTURING

CEDA offers manufacturing loans towards setting up or buying of existing manufacturing enterprises. Loans will also be extended for the expansion of existing enterprises not bonded to CEDA as well as those that have existing facilities with CEDA. The types of manufacturing projects include but not limited to the following;

 

•             Food processing

•             Tyre manufacturing

•             Upholstery

•             Knitting and sewing

•             Textile

•             Fertilizer manufacturing

•             Bottle

•             Oil

•             Water

•             Milling

•             Brick

•             Bakery and confectionery

•             Tea

•             Tannery

 

Requirements

•             3 Quotations of the equipment to be purchased

•             Provisional lease agreements for premises to be occupied

•             Health and safety standards)

•             EIA (where applicable)

•             Offer of sale / Deed of sale

 

BUSINESS PURCHASE LOANS

 

These are loans for the purchase of an existing manufacturing business as a going concern.

 

Requirements

•             Deed of sale/offer of sale

•             Quotation for additional equipment (if required)