DISTRIBUTOR FINANCE

ELIGIBILTY CRITERIA

Your company is registered in Nigeria as LLP, PLC or Ltd

Your company is incorporated for at least 2 years

Your company is able to show a min. turnover of N20 million annually

Your company is purchasing goods above N1 million of the principal company on a monthly basis

Your company distributes at least one “credit worthy” client (e.g. private international companies listed on the stock exchange)

It may be necessary to secure the loan by a lien or an asset debenture

WHAT WE NEED FROM YOU

Government Issued ID Card (International Passport, National ID, Driver’s License, Voters ID)

CAC Documents (CAC 2 & 7) (if applicable)

Last 12 months sales data with the proposed principal company

Last 12 months Bank Statements (Corporate Account)

BVN of the directors and top management

Proof of being a registered supplier/vendor of the principal company for at least 12 months

Signed Personal Guarantee forms for CEO and another Guarantor

Corporate guarantee through Board Resolution (if LTD Company)

Maximal Loan Amount

NGN 20,000,000

per invoice and credit line

Processing Fee and Commitment Fee

0.5% - 1.0%

of loan facility and per invoice

Interest Rate

from 2.25% p.m.

on borrowed amount

Please note: Fee and rate depend on the internal risk score evaluation of LENDIGO