₦300,000 - ₦10,000,000
Loan Amount
per invoice and credit line
0.5% - 0.75% Processing Fee and Commitment Fee
of loan facility and per invoice
from 4% p.m.
Interest Rate
on borrowed amount
1 - 6 Months
Duration
For Borrowed amount
Your company is registered in Nigeria as LLP, PLC or Ltd
Your company is incorporated for at least 2 years
Your company is able to show a minimum turnover of ₦500,000 monthly
Your company is purchasing goods above ₦1 million of the principal company on a monthly basis
Your company distributes at least one “creditworthy” client (e.g. private international companies listed on the stock exchange)
It may be necessary to secure the loan by a lien or an asset debenture
Government Issued ID Card (International Passport, National ID, Driver’s License, Voters ID)
CAC Documents (CAC 2 & 7) (if applicable)
Last 12 month’s sales data with the proposed principal company
Last 12 months Bank Statements (Corporate Account)
BVN of the directors and top management
Proof of being a registered supplier/vendor of the principal company for at least 12 months
Signed Personal Guarantee forms for CEO and another Guarantor
Corporate guarantee through Board Resolution (if LTD Company)
I really like Lendigo’s speed and customer service. I was a bit hesitant to apply at first, but once I spoke to them, I quickly realized their terms were just right for my business. Got the loan fast!
Nathaniel Tunde
(Distributor)