MSME product
Working Capital
Supports a business’s general overhead and operating expenses.
Who it is for
Non-trading businesses that generate cash flow from their operations.
Recommended collateral
Tangible asset (for higher amounts and longer tenors), credit insurance, 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 business with evidence of steady cash flow
- Business bank statements for the last 6 months
- No non-performing loan with any lender
- Promoters with verifiable identification (BVN/NIN)
Other msme products
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
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
