Entrepreneurship Loan
For traders and business owners (working capital for business expansion)
- Application stating exact purpose
- 20% initial compulsory deposit
- 6 months’ statement of account
- Sales and purchase record for at least 6 months
- Stock record and Executed Stock hypothecation
- Trust Receipts with affixed postage stamp and Two guarantors
- Guarantors to submit 6 months’ statement of account, Form of identification/ID Card of each guarantor, 3 Undated signed cheque leaflets of each guarantor, 1 passport photograph and a signed personal guarantee form provided by the bank
- One of the guarantors must be a salary earner and also present 3 cheques drawn on such Salary account.
- Business and personal profile and Micro insurance cover
- Tangible Collateral which must be at least 150% of the loan value for loan value above =N=500,000
- Application stating exact purpose
- 20% initial compulsory deposit
- 6 months’ statement of account
- Sales and purchase record for at least 6 months
- Stock record and Executed Stock hypothecation
- Trust Receipts with affixed postage stamp and Two guarantors
- Guarantors to submit 6 months’ statement of account, Form of identification/ID Card of each guarantor, 3 Undated signed cheque leaflets of each guarantor, 1 passport photograph and a signed personal guarantee form provided by the bank
- One of the guarantors must be a salary earner and also present 3 cheques drawn on such Salary account.
- Business and personal profile and Micro insurance cover
- Tangible Collateral which must be at least 150% of the loan value for loan value above =N=500,000
- Application stating exact purpose
- 20% initial compulsory deposit
- 6 months’ statement of account
- Sales and purchase record for at least 6 months
- Stock record and Executed Stock hypothecation
- Trust Receipts with affixed postage stamp and Two guarantors
- Guarantors to submit 6 months’ statement of account, Form of identification/ID Card of each guarantor, 3 Undated signed cheque leaflets of each guarantor, 1 passport photograph and a signed personal guarantee form provided by the bank
- One of the guarantors must be a salary earner and also present 3 cheques drawn on such Salary account.
- Business and personal profile and Micro insurance cover
- Tangible Collateral which must be at least 150% of the loan value for loan value above =N=500,000
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