1. WHICH BUSINESSES ARE ELIGIBLE FOR STOCK AND WORKING CAPITAL FACILITY?

If your business holds stock for resale or processing then this facility will suit you. Some of the target businesses include; Bakeries, Retailers/wholesalers, Contractors, Petroleum dealers, Stockists, Pharmacies, Flour Mills, Motor Dealers, Spare parts dealers, Grain Merchants etc. The above are only examples and the list is not exhaustive.

2. WHAT CAN WORKING CAPITAL FACILITY BE USED FOR?

Working capital finance can be used for a variety of purposes ranging from paying salaries, purchasing of stock, paying for advertisement/marketing, expansion into new regions. This facility can help your business get ahead of competition.

3. WHAT IS THE REPAYMENT PERIOD FOR WORKING CAPITAL FINANCING?

The repayment period depends on the trading cycle of the business. Thus, it varies from one type of business to another. We can guide you on an appropriate financing term for your type of business.