Small Business Loans

from ₦300,000 for Merchants with POS terminals

We lend to merchants with POS terminals or POS Agents, granting them funding to cover various operational needs, based on previous transaction volumes.

₦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


for borrowed amount

  1. Minimum of 6 months of operations with at least one POS.

  2. Your online business sells a minimum of 20 transactions per week via one POS.

  3. Your business is able to show at least ₦100,000 revenues on average in the last 6 months.

  4. Clean credit report with any local Credit Bureau.
  1. Government-issued means of identification (International Passport, National ID, Driver’s License, Voters ID)

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

  3. Last 12 months Bank Statements (Main Account)

  4. BVN of the business owner.

  5. NUBAN cheque (if loan above ₦1,000,000)

  6. Filled direct debit form (REMITA).

  7. Signed Personal Guarantee forms and another Guarantor

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

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