MSME product
School Support Loan – Schools
Helps schools pay running costs and buy educational equipment.
Who it is for
Registered schools.
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
- Registered school with evidence of fee income
- Bank statements for the last 6 months
- No non-performing loan with any lender
- Proprietors with verifiable identification (BVN/NIN)
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
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
Travel & Tourism Loan – Agents
Up to ₦5,000,000
Up to ₦5,000,000
