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Small Business Loans

from ₦1,000,000 for FMCG Distributors

We lend to registered Key-distributors & Sub-distributors of established Fast Moving Consumer Goods’ (FMCG) manufacturers based solely on their historical transaction volumes with corresponding FMCGs.

₦1,000,000 - ₦20,000,000

Loan Amount

per invoice and credit line

1%

Processing Fee and Commitment Fee

of loan facility and per invoice

from 2.75% p.m.

Interest Rate

on borrowed amount

1 - 6 Months

Duration

for borrowed amount

  1. Your company is registered in Nigeria as LLP, PLC or Ltd

  2. Your company is incorporated for at least 2 years

  3. Your company is able to show a minimum turnover of ₦500,000 monthly

  4. Your company is purchasing goods above ₦1 million of the principal company on a monthly basis

  5. Your company distributes at least one “creditworthy” client (e.g. private international companies listed on the stock exchange)

  6. It may be necessary to secure the loan by a lien or an asset debenture
  1. Government Issued ID Card (International Passport, National ID, Driver’s License, Voters ID)

  2. CAC Documents (CAC 2 & 7) (if applicable)

  3. Last 12 month’s sales data with the proposed principal company

  4. Last 12 months Bank Statements (Corporate Account)

  5. BVN of the directors and top management

  6. Proof of being a registered supplier/vendor of the principal company for at least 12 months

  7. Signed Personal Guarantee forms for CEO and another Guarantor

  8. Corporate guarantee through Board Resolution (if LTD Company)

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