Term Loan
Designed to provide unhindered access to adequate working capital for businesses, corporate bodies, and growing enterprises. Fuel your business growth with our flexible financing solutions.
About Term Loan (WCL)
Our Working Capital Loan is specifically designed to meet the operational and expansion needs of businesses. Whether you need funds for inventory, equipment, operational expenses, or business expansion, our term loan provides the financial flexibility your business needs to thrive.
Working Capital Access
Unhindered access to adequate capital for business operations
Secure & Trusted
Trusted by businesses across Nigeria for reliable financing
Flexible Repayment
Repayment terms tailored to your business cash flow
Business Growth
Scale your business with the right financial support
Who Can Apply?
Our Term Loan is available to the following beneficiaries:
Note: Both individual business owners and registered corporate entities are eligible to apply. Corporate applicants must meet additional requirements outlined below.
General Application Requirements
To ensure a smooth application process, please prepare the following documents:
Opening of a current account with initial deposit/minimum balance
Account to be operated for a minimum period before a facility can be considered
Hand written application letter from the client
6 months statement of account
Security/Collateral (preferably Jewellery)
Two (2) guarantors to be duly witnessed
Valid evidence of Identification (National ID/Driver's Licence/Int'l Passport) of the obligor
Guarantee form duly filled and witnessed
Guarantors' ID card, call card and 2 passport photographs from both guarantors
Guarantors' post dated cheque(s)
Offer Letter to be signed upon approval of facility and duly witnessed by a third party
5% compulsory savings on all loans ₦2million and below
Valid Shop Receipt
Irrevocable Letter on Jewellery
Executed Absolute Bill of Sale
Executed Pledge & Trust
Cresco Approval
Credit Search
Loan Agreement Form
Stock Valuation
Limitation Liability
Bill of Sale for Vehicle/Deed of Sale Gold/Deed of Assignment
Additional Requirements for Corporate Bodies
Registered companies and corporate entities must also provide:
Certificate of Incorporation
Form CO7
Memorandum & Article of Association
Board Resolution approving the loan
Board member Guarantee for the loan other than the officer of the company applying for the facility
Corporate Guarantors with good network
Important: All corporate documents must be certified true copies. Board resolutions must be recent (within 3 months) and clearly authorize the specific loan application.
Ready to Grow Your Business?
Get the working capital you need to take your business to the next level. Our team is ready to discuss your financing needs.