MSME product
LPO Financing
Finances a business to deliver purchase orders issued by reputable companies. Construction works are excluded.
Who it is for
Businesses that supply goods to 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
- Valid purchase order from a reputable company
- Evidence of past supplies to the issuer
- Payments from the issuer 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
Invoice Discounting
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
