Providusbank & NCIC Green SME Financing (N500M) – Apply Online

Providusbank & NCIC Green SME Financing (N500M) – Apply Online: “The said partnership with ProvidusBank has structured a credit line of N500 Million exclusively to finance eligible Green SMEs in Nigeria”

See N-power Batch C Shortlist: 7 Steps To Check Your N-power/Nasims Verification

See Npower Batch C Biometrics Fingerprint How to Complete the Biometrics Fingerprint Capture

See How to Access New CBN’s Agric Loan (Financing limit N10,000,000)-Apply

See Application for CBN Agricultural Loan 2021 Ongoing – Apply Here

See NNPC: PH/ Warri/ Kaduna Refineries Maintenance Job Vacancy-Apply

See 5 Countries with the Highest Number of Female Pilots On Earth

Advertisements

See FG To Pay 1,000,000 Urban Workers N5000 Each: See How To Apply

Eligibility:

The SME Must Fulfil The Following Conditions:

Directors and Promoters of the corporate entities/Business Name must have BVN.

Advertisements

The customer must have a good credit history. This will be confirmed via a credit check on the client (Promoters/Directors) and Business.

KYC documentation must be in place (No deferrals).

Satisfactory legal search report on the company (the search must not be more than six months old).

The Company must have operated for a minimum of 12 months as evidenced by the Certificate of Incorporation, Business Registration, Date of Incorporation/Registration.

A review of the customer’s 12 monthly’ bank statements from the primary bank used by the business.

Extracted debit and credit turnover analysis of the bank’s statement.

Operational cash flow from business operations must be able to service loan obligations regardless of other sources of income. Other sources of income are secondary.

Verification of ALL Customer’s supporting documents.

The business location shall be a verifiable office in use by the borrower.

Business Areas Eligible for Funding

The ₦500Million Naira Green Financing Scheme is designed to finance climate-smart businesses playing in the following green thematic areas such as:

Water Solutions & Innovation, including;

Circular Businesses with positive environmental impact

Renewable Energy,

Waste Management,

Smart Agriculture,

The maximum loan amount for a borrower is capped at N10 Million.

However, approval can be sought for higher amounts in the event the borrower’s cash flow demonstrates the capacity to borrow more than the capped amount.

Documentation:

If screened and selected as a potential borrower, documentations for financing will include the following:

Valid means of identification (includes National ID card, International Passport, Drivers’ License, & other acceptable means) for individuals and promoters of business name registration

Company’s Memorandum and Articles of Association as filed with the Corporate Affairs Commission (Business name and corporate entities)

Relevant operating license

Duly executed Loan offer letter

Loan Agreement

Advisory fee Agreement

Domiciliation of cash from business – Opening ProvidusBank account

Board Resolution for Corporate entities; Letter of Undertaking for Business Names

Evidence of KTC Adequacy

Loan application letter

12 months bank statement

Credit Bureau Checks

Company profile

Management profile

Cash flow projection

How To Apply:

Click Here To Apply

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.