Revolutionizing Financial Support

Introducing The Presidential Palliative Programmes –
A Game-Changer in Economic Empowerment.

Loan Eligibility Criteria

• Loan up to 1M
  • A) Eligibility Criteria
    • Existing business must be in operation for one (1) year,
    • Start-ups must be a registered business
    • Provide CAC business registration documents.
    • Company’s Bank Statement(s) for a period of one (1) year (for existing business)/ Chief Promoter’s  (Director or Business owner) Bank Statement(s) for a period of one (1) year (for startups).
    • Have required monthly turnover and other things as may be requested by the bank.
  • B) Security
    • Personal Guarantee of the promoter
    • Acceptance of BVN Covenant (Global Standing Instruction- GSI), and any other thing that may be required by the bank
  • C) Repayment Frequency
    • Monthly equal installment (no moratorium) over a period of 3 years
• Manufacturers up to N1billion (Working Capital or Asset Financing)
  • A) Eligibility Criteria
    • At least 6months business/ corporate banking relationship
    • Provide CAC business registration documents
    • 12 months bank statement for other bank
    • Other documentations that may be required by the bank.
  • B) Security
    • As may be required by the bank
  • C) Repayment term:
    • i) Asset Financing
      • 6 Months moratorium on principal and interest, 5 years repayment period for asset financing only
    • ii) Working Capital Financing
      • 12months equal installment of principal and interest

For Statement of Interest
4MyResearch will guide you through the application process, providing expert assistance with statements of interest, CV reviews, and plagiarism checks. Contact +2348077447220.

Application link:
https://loan.fedgrantandloan.gov.ng/auth/loan-register

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