Hey y'all,
I'm interested in starting a printing business (banners, ads, etc) and I've identified a supplier in China. This would be for a new company.
The equipment I need amounts to Ksh 220K, but with shipping and duties the total will be in the region of 450K.
I have half the amount needed, i.e. Ksh 200K. I'm interested in approaching a bank for an asset finance loan for the remaining balance. Is that possible? Or do they generally only loan for things like cars? I have a business plan ready.
Also, what would be the best bank for this? One of the blue chip banks or the smaller banks like NIC or Credit bank?