Help your company grow by choosing the right business bank account to suit your business needs. Compare the best business current accounts available from the major commercial banks in Zambia for the latest features and introductory offers in this category. Business banking services are geared for companies and organizations offering them business loans, capital raising, project finance, revolving credit, risk management, term loans, credit services and cash management services. All banks have different business customers they are targeting. Find which bank offers the best business service for your business here.
In Zambia, there are 19 commercial banks to choose from. Business banking is a company's financial dealings with a bank that provides business loans, credit, savings accounts, and checking accounts, specifically designed for companies rather than for individuals. Business banking requires you to open a business account to transact wIth the bank, or division of a bank, only dealing with businesses.
Most banks in Zambia have the following minimum requirements for a business loan. Private companies, sole proprietors, private companies engaged in the trading, manufacturing or services sector are eligible to apply for an SME loan. The applicant should be engaged for a minimum of 3 years in the business concerned and at least 5 years of experience in the business.