Express Credit is an advance facility available to small business owners under the Micro, Small and Medium Enterprises segment (MSMEs). It is designed to boost the working capital of an existing business, in order to aid its growth.
Entrepreneurs, micro, small and medium scale enterprises in all sectors of the economy
Available to business owners that operates a functional business current account
Loan amount ranges from N100,000 to a maximum of N1 million
Amount loanable is up to 80% of six-month average credit turnover in business account
Facility tenor is between 3 to 12 months and renewable after clean-up
Easy access to working capital for business growth
Minimal or no collateral required
Flexible loan repayment tied to business turnover.
Competitive interest rate
Completed Application Form
Two passport photographs
Executed Personal and/or Corporate Guarantee form by acceptable Guarantor
Statement of net-worth duly completed by the Guarantor
At least three (3) months bank account statement