LOAN TERMS:
Lender
LOAN TERMS:
Bank of Industry
Eligibility
LOAN TERMS:
This is for women-owned businesses or any business where the majority of employees are women; in the following sectors
Manufacturing
Trading in locally produced goods
Solar industries
Service industries with relevance to the manufacturing sector
Loan Limit
LOAN TERMS:
Maximum limit N50M
Interest Rate
LOAN TERMS:
Maximum Interest Rate: 9% p.a
Moratorium available
Max Tenor
LOAN TERMS:
Maximum Tenor: 3 years
Security Required
LOAN TERMS:
Minimum Equity Contribution-30% of total project cost plus any of legal mortgage, all assets debentures, personal guarantor
Documents Required
LOAN TERMS:
Customer’s request letter
Company registration
Cashflow analysis
Audited financials (if applicable)
Valuation report of property to be pledged as collateral
Legal mortgage over suitable property to be pledged as collateral
Approval Time
LOAN TERMS:
About Four (4) months from the time you submit all the required documentation
