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Best bank for a small,Growing business
babamoi
#11 Posted : Wednesday, June 24, 2009 1:57:00 PM
Rank: Member

Joined: 1/16/2007
Posts: 8
Have you tried ABC bank or Chase bank? Affordable and personalised business. I use chase but i know both to be flexible

ikeepmyteethinthejarbesidethebed
lexus
#12 Posted : Thursday, June 25, 2009 8:11:00 AM
Rank: Member

Joined: 3/18/2009
Posts: 38
equity is the way to go.they will support you all the way.

work smart
mhenga
#13 Posted : Wednesday, December 02, 2009 6:59:14 AM
Rank: New-farer

Joined: 12/2/2009
Posts: 2
Location: nairobi
For the account i would suggest CFC or KCB. Get to build a relationship with them through an investment or current account then later go for the loan.
9 OUT OF 10 OF WISDOM CONSISTS IN BEING WISE IN TIME.
popat
#14 Posted : Wednesday, December 02, 2009 7:26:54 AM
Rank: Member

Joined: 12/2/2009
Posts: 299
Location: kenya
when all is said and done go for Family bank or Equity.At least the are flexible and understanding and ready to journey with you.Happy searching.
P_tah
#15 Posted : Thursday, December 03, 2009 2:42:48 PM
Rank: Member

Joined: 10/20/2009
Posts: 3
Location: Meru
I would advice you to go to Family Bank. They can build you from the scratch if they see that you have the potential. Just maintain a good account where you will be making frequent deposits and withdrawal in the course of the month.The problem with Equity is that what they do is just dishing out money rather than prudent lending. Family bank won't ask you about security coz it comes last, that first thing they first look at your potential to repay the amount that will be loaned to you.
Good times becomes good memories, bad times becomes good lessons.
slammers
#16 Posted : Thursday, December 03, 2009 3:16:08 PM
Rank: Member

Joined: 5/1/2009
Posts: 206
Never ever bank with standard chartered take months to process an overdraft when they have an asset ten times the overdraft value
Try equity the loan processing period is short
VituVingiSana
#17 Posted : Thursday, December 03, 2009 8:25:51 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,371
Location: Nairobi
cfc was good... cfc stanbic? bure kabisa...

Other banks are growing but cfc stanbic is shrinking as customers bail...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
JDS
#18 Posted : Friday, December 04, 2009 8:05:36 AM
Rank: Member

Joined: 6/17/2009
Posts: 42
I would suggest you go with Family Bank. equity used to be good but i think something entered in their heads. Credit officer Equity bank bure kabisa, wait you default they will harrase you gurantor so much.
kazinikazi
#19 Posted : Tuesday, December 15, 2009 5:18:57 PM
Rank: Member

Joined: 11/14/2009
Posts: 3
i would suggest you go with kcb - get into biashara club. i was with coop who required i bank for at least 6 months, but after a yr they wouldn't look at me. then i moved to equity and became a member, but was shocked to realise they're the most expensive bank for an sme!! they charge 3 times for a check book, will pass the cost of searching the co. registration details to you (i never experienced this with kcb or coop), and many more. when i went to ask for lpo financing (which they had said takes only 3 days to process, i stayed for 2 weeks without response only to be told by credit officer that i hd to bring colateral, so i wondered what for since the lpo is financing itself...in kcb i bankd for 5 months and accessed over a mili for working capital using an lpo with no extra cost!!! you just need to create a very good working r/ship with the branch guys and they'll push your facility for you like their life depends on it...and they also hv overseas biz trips and local seminars! they took me to china last yr oct for a trade fair at a very decent all-inclusive cost..
kissedxx
#20 Posted : Tuesday, January 05, 2010 2:25:50 PM
Rank: New-farer

Joined: 1/5/2010
Posts: 66
Location: Nairobi
CFC-Stanbic.. Major fail!!!.. I'm checking out to move to family bank and already opened some accounts at equity to try it out..
"If you understand, things are just as they are; if you do not understand, things are just as they are"
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