Features

• Maximum obligor limit is N50m.

• Maximum tenure is 5 years.

• Management experience of at least 3 years in the enterprise to be funded is required

Benefits

• Interest rate: 9% (all-in), no other fee can be charged.

• Credit facility is available either as term loan or overdraft.

Required Documents

• Formal application for a credit Facility.

• Certificate of Incorporation.

• Memorandum and Article of Association (MEMART).

• Board Resolution to Borrow.

•Feasibility Study/Business Plan.

Who Can Apply

• SMEs with at least 3yrs Mgt Experience (Max obligor limit of N50m).