Got needs for bridge financing or micro business running for expansion? SME loan is just perfect for your startup investment. If you are looking for lowest interest rate option, a collateral loan would definitely be the best choice.
Requirements for (SME Loan)
As part of pre-qualification, the business had to be running for at least 1 year already and have complete documents as listed below.
– Corporate Affairs Commission (CAC) registration for corporation type of business.
-Business operation permits.
-For corporation – you need to provide original and notarized board resolution to borrow duly signed the corporate board.
-Latest 3-4 months bank statement – strictly requires current account statement.
-2 valid National ID cards or any valid ID cards.
-Original water bill or electric bill (proof of billing) (not necessarily under your name but must have same address as valid IDs.
-Completely filled up application form.
-4 passport photograph.