MSME product
Invoice Discounting
Refinances jobs already executed, against a confirmed invoice from a credible institution.
Who it is for
Businesses that supply goods or carry out contracts for credible companies.
Recommended collateral
Tangible asset (for higher amounts and longer tenors), post-dated cheque, standing payment order (Remita) or third-party guarantee
Loans above ₦5,000,000 must be secured by tangible collateral (vehicles, investment certificates, quoted stocks or real estate).
Risk acceptance criteria
- Invoice confirmed by a reputable institution
- Evidence that the job was delivered
- Payment from the institution domiciled with the lender
- No non-performing loan with any lender
Other msme products
Working Capital
Up to ₦10,000,000
Up to ₦10,000,000
Stock / Trade Finance
Up to ₦10,000,000
Up to ₦10,000,000
LPO Financing
Up to ₦10,000,000
Up to ₦10,000,000
Asset Finance / Lease – Business
Up to ₦5,000,000
Up to ₦5,000,000
School Support Loan – Schools
Up to ₦10,000,000
Up to ₦10,000,000
Travel & Tourism Loan – Agents
Up to ₦5,000,000
Up to ₦5,000,000
