Smile III Revolving Fund

Smile III
Revolving Fund

Smile III Revolving Fund is a general loan scheme designed to support the manufacturing industries and industry related service sectors.

General Loan Scheme

General Loan Scheme

  • Maximum loan amount – LKR 25 Million
  • Annual interest rate – 8%
  • Loan repayment period – 10 years (including 2 year grace period)

Eligible Sectors

  • All manufacturing industries for start up or expansion
  • To Finance

    • Civil construction (Maximum upto LKR 10 Million)
    • Machinery, equipment and tools
    • Working capital requirements (Maximum upto LKR 10 Million)
  • The Industry related service sector such as Tourism, Health, Vocational Training, Vehicle Service Stations, Filling Stations, Garages etc.
  • To Finance

    • Civil constructions (Maximum upto LKR 10 Million)
    • Machinery, equipment and tools.
    • Working capital requirements (Maximum 20% of the loan component can be used for Construction and purchase of Machinery).
    • The investments in Fixed Assets, excluding Land and Buildings (owned or leased) at original book value should not exceed LKR 75 million on completion of the sub-project.