SME Loans – Essential Finance

Access a quick cash of up to ₦2.5 million

From LPO Finance and Contract Supply to Invoice discounting toCash backed loans, we provide you with up to 2.5 million Naira at single digit interest rate

LPO Finance and Contract Supply

As a one-stop shop for our clients financing needs, we provide needed support for the execution of their Local Purchase Orders (LPO) by providing between 70% of funding requirements for such contracts. With this product, we meet the Procurement and Supplies needs of our clients and position them in the advantageous position of timely satisfaction of their contract employer and the financial muscle to do more.

Features

Loans are processed within 72 hours after submission of relevant documents.

Instant disbursement to your nominated account.

Pricing

Interest Rate 5% flat per month

Management Fee: 5% One Off

Transaction Charge of N1 per Mille

Requirements

Completed loan application form

Application Letter

Passport photograph

LPO contract approval

Valid means of identification

Domiciliation of payment

Invoice Discounting

EFL provides Invoice Discounting facilities to contractors who require short-term funding and who have executed their jobs and are awaiting payment. This enables such contractors commence or continue with new business cycles while awaiting payment from their employers.

Features

Loans are processed within 72 hours after submission of relevant documents.

Instant disbursement to your nominated account.

Pricing

Interest Rate 5% flat per month

Management Fee: 5% One Off

Transaction Charge of N1 per Mille

Requirements

Completed loan application form

Application Letter

Passport photograph

LPO contract approval

Copy of certified invoices

Details of pledged security

Audited financial statements

Valid means of identification

Assignment of contract proceeds

Cash Backed Loan

EFL provides Cash Backed facility to investors who require short-term funding and do not wish to break their investment. This enables such investors to commence or continue with new businesses while still enjoying return on their investment.

Features

Loans are processed within 72 hours after submission of relevant documents.

Instant disbursement to your nominated account.

Pricing

Interest Rate 5% flat per month

Management Fee: 5% One Off

Transaction Charge of N1 per Mille

Requirements

Completed loan application form

Application Letter

Passport photograph

LPO contract approval

Letter authorizing EFL to use invested fund as collateral.

Creating Opportunities