EASY DEVELOP: flexible financing to boost your business!
Whether you are a medical or liberal professional, or a merchant (natural or legal person), EASY DEVELOP is the solution for you.
Thanks to CPA's EASY DEVELOP solution, you can take out a loan to support and boost the smooth flow of your business's operating cycle.
EASY DEVELOP is a short-term loan granted in the form of a mobilisable overdraft intended to finance:
- Operating or working capital needs related to the business;
- Training costs within the national territory (for professionals only);
- Premises rental costs (for professionals only).
FOR WHOM it is intended for?
The EASY DEVELOP loan is intended for three categories of client:
1. Health professionals:
General practitioners, specialists, dental surgeons, pharmacists, veterinarians, etc.
2. Liberal professionals:
Chartered accountants, statutory auditors, certified accountants, auctioneers, lawyers, notaries, architects, bailiffs, general insurance company agents, surveyors, and technical and economic consultants.
3. Merchants:
Any natural or legal person who habitually carries out commercial activities.
Eligibility terms:
Eligible for EASY DEVELOP:
Any natural or legal person (a client or potential client of the bank) who is engaged in professional or commercial activities.
- either starting up or active;
- Not having any ongoing commitments with another bank in the context of the business;
- Not having an operating loan under the bank’s classic loan system.
Loan characteristics
1. Amount of the EASY DEVELOP Loan:
A. Operating Needs:
The loan amount can range from 200,000 to 2,500,000 DZD, increasing gradually based on business development and cash flow.
Initial engagement: up to 500,000 DZD.
- First renewal: up to 1,500,000 DZD
- Second renewal: up to 2,500,000 DZD
At the end of the third year of business, financing needs related to commercial activity will be covered under the classic loan system, except for professionals.
B – Training costs: 100% of training costs, including taxes, upon presentation of an invoice up to a maximum of 500,000 DZD.
C – Rental costs: 100% of the advance amount required by the landlord, up to a limit of 3,000,000 DZD.
2. Loan Duration:
- For operating needs: 12 months, with disbursements over three or six months.
- For training costs: 12 months, with disbursements over three or six months.
- For rental costs: 12 months.
3. Repayment terms:
Operating needs: Repayment of principal and interest over three or six months on the due date.
Training costs: Repayment of the principal and interest over three or six months at the due date.
Note: an authorisation request is required for each renewal of the operation at the due date (three or six months).
Rental costs: Monthly repayment.
4 – Interest rate: The interest rate is variable and determined according to the bank’s general terms and conditions in force.
5. Commissions/file processing fees: The interest rate is variable and determined according to the bank’s general terms and conditions in force.
6 – Guarantees:
The guarantees required for loans granted under this product are determined at the Bank’s discretion on a case-by-case basis.
- For natural persons:
- Life insurance
- Pledge of commercial premises
- Professional multirisk insurance + natural disaster insurance.
- For legal persons:
- Security deposit of associates
- Pledge of commercial premises (if applicable).
- Professional multirisk insurance + natural disaster insurance.
- Required documents:
The loan file must include the following common supporting documents:
- A loan application form, clearly stating the requested amount and signed by the client.
- Proof of payment of the file processing fees.
- An accreditation or installation decision issued by the relevant Ministry or Authority for professionals.
- A copy of the professional's degree.
- A copy of the trade register for activities subject to this requirement.
- A copy of the property deed or lease agreement for the premises for applicants who are currently practising.
- A copy of the articles of association for legal entities.
- A copy of the fiscal identification card (FIN).
- The balance sheet and income statement (TCR) for the most recent financial year, stamped by the tax office, or fiscal declarations under the flat-rate scheme (IFU) for active professionals, along with provisional income statements for the previous three years.
- An opening balance sheet for new businesses, along with balance sheets and provisional income statements for the previous three years.
-Recent and cleared fiscal and social security status reports. If these are unavailable, a repayment schedule must be attached.
In addition to the above documents, depending on the purpose of the financing, the file must be completed with the following documents:
For working capital financing:
An annual provisional statement of supplies detailing monthly requirements.
- Pro forma invoices for the materials and goods to be purchased, or any other proof of expenditure.
For training cost financing within national territory (professionals only):
The pre-registration form for the training, including all necessary information (e.g. applicant identification, topic, duration, location, training costs).
For professional premises rental cost financing:
A rental agreement between the landlord and tenant that has been signed and legalised by the People’s Municipal Assembly.