| Small and Medium Enterprise (SME) means an entity,
ideally not a public limited company, which does not employ more
than 250 persons (if it is manufacturing / service concern) and 50
persons (if it is trading concern) and also fulfills the following
criteria of either ‘a’ and ‘c’ or ‘b’ and ‘c’ as relevant: (a) A
trading / service concern with total assets at cost excluding land
and building up to Rs 50 million.
(b) A manufacturing concern with total assets at cost excluding
land and building up to Rs 100 million.
(c) Any concern (trading, service or manufacturing) with net
sales not exceeding Rs 300 million as per latest financial
statements.
An Individual, if he or she meets the above criteria, can also be
categorized as an SME.
Realizing its corporate social responsibility and carrying
forward the image of "The Caring Bank", Bank Alfalah started a
separate department at the Head Office level in early 2004. The SME
Department was established with a mandate to foster SME finance at
BAL, explore opportunities for developing structured product
programs for SMEs, introduce the concept of Dedicated SME officers
and finding market based solutions to fill the financing gap to this
important and under-served business segment.
Bank Alfalah believes in innovation, simplification of
procedures, and reduction in turnaround time and customer friendly
service. To accomplish this resolve, the SME Department is supported
by 86 dedicated officers in 57 branches of the bank who are
nurturing valuable relationships in the SME sector.
ALFALAH KAROBAR FINANCE
Bank Alfalah’s first SME product Alfalah Karobar Finance is a
running finance facility based on projected cash flows. Under AKF,
we offer working capital finance (Rs.0.5 million to Rs. 10 million)
to SME’s at highly competitive rates. We have a team of professional
credit officers who provide expert financial advice along with
customized packages to a diverse range of business clientele. The
product is available to SMEs through our 86 branches in 38 cities.
Bank Alfalah took another step towards addressing the needs of
the industry by introducing Alfalah Milkiat Finance. AMF is aimed at
strengthening the Small and Medium Enterprises viz a viz their
business premises. Alfalah Milkiat Finance offers comprehensive and
flexible financing packages from Rs. 0.5M up to Rs. 20 million for
the purchase, renovation and expansion of business premises.
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