The facility shall be for working capital requirements of small businesses in
manufacturing, retail, trade and services.

•  Amount Up to single obligor limit (N5,000,000).
•  Duration/Loan Term Maximum of 6 months for the first term and subsequent increment to 9 months.
• Interest Rates 36% p.a.

COLLATERAL REQUIREMENTS

• Guarantor, either in paid employment or self employed. If in paid employment, net monthly income must be at least three times monthly instalment. If self-employed, value of assets or net credit turnover in bank statement must be at least three times monthly instalment.
• Cheques that cover all the instalment of the loan.
• Lien on fixed deposit equivalent.
• Business and Household assets. Charge over existing business and household assets.
• New Plant and Machinery. Charge over assets being purchased.
• Landed property where available.
• Share transfer for shares of blue-chip companies.