- This loan is granted to support businesses in terms of working
capital, manufacturing funding, asset acquisition, project
funding etc - Intended borrower must have been in current business for at least
two (2) years. - Security in the form of land, landed property or vehicle in the custody of the union shall be required
- Business registration certificate shall be required
- Post–dated cheques to cover full repayment of the loan
- Maximum loan processing period of 10 working days
- Loan shall be repaid at least once a month
Document required - Business registration document including certificate of
incorporation, certificate to commence business, company
regulations, partnership Deed etc, - Company profile
- Identity and proof of address of Directors
- Bank statement for the past six(6) months
- Two years audited accounts
- Cash flow projections
- Copy of Contract (if any)
- ECOWAS Identification card of sole proprietor / managing
Director) - Original Documents on collateral
