Business Finance

Business loans/leases are granted to micro, small and medium enterprises, corporation and institutions to augment their working capital requirement towards the financing of raw materials, financing of goods for resale/trading, payment of salaries, financing of operating vehicles to be provided for employers or company use, financing of property for business/company use.

The rates offered depend on the perceived risk based on the risk assessment done on the client. Under this, the company has products such as:

Under this, the company has products such as:

Short term Line of Credit

Here the Company provides loans not more than 12 months to business to meet working capital needs Term Loan: The Company provides term loans between 12months and 48 months to enable large purchases and other operating requirements.

Trade Finance

This service is specifically cut out to meet the needs and financial requirements of companies that are into the business of importation.

Equipment Leasing

The Company provides finance to businesses to enable them purchase and refinance new and used equipments such as motor vehicles, trucks and generators. Under the Finance lease arrangement, the client is required to make no contribution depending on the risk involved. The tenor for this kind of facility can be as long as 60 months.

LPO Financing

This represents the financing of a purchased order/ LPO from a reputable institution Invoice Discounting: This represents the discounting of invoices from a reputable organization for job already completed.

Construction Finance

Where the business needs fund for construction of owned landed
property, the Company provides facility. The maximum tenor for this kind of facility is also 48 months

Property Finance

The Company provides loans to businesses to enable them purchase property for business use. The Company can similarly refinance a property in order to provide fund/cash available for businesses to meet the purchase of new property. The tenor for this kind of facility is 60 months.