This facility is at the preserve of Sole proprietors, Public and Private Institutions or companies which have been duly registered with the Registrar General and are customers of the Bank.
Eligibility Requirement
- Must be a customer of the Bank.
- Must have operated account satisfactorily with the Bank for six (6) months
- Business activity must be within catchment areas of the Bank
- In considering loan application for companies, an audited account, cash flow statement, Financial Position and Comprehensive Income Statement for the past three (3) years should be presented.
- In case of limited liability companies, Certificates of Incorporation, Registration, Commencement of Business, Memoranda and Articles of Association are to be provided. Resolution of the Board to justify if the company is authorized to borrow money from other sources as well as the form(‘A)’ and Tax Identification Number (TIN).
Securities
- Personal Guarantee and anyone of the items listed below
- Financial Instruments
- Landed properties
- Movables properties
- Cash lien