Merchant Finance
Merchant Finance
Merchant financing is a product aimed at lending to merchants who trade online (e-commerce) and merchants who trade using electronic payment services.
A lending product that allows merchants who currently trade on big E-commerce platforms or trade using electronic payment services access credit for various business reasons such as working capital, business expansion, and other operational needs, based on the most recent sales data gotten from the lead generator’s platform. Repayment occurs weekly
| Requirements |
|---|
| Government Issued ID of Business Owner(s) |
| CAC Business Registration documents |
| Board of Resolution (authorizing loan application and appointing signatories) – if applicable |
| Proof of business and residential address (Utility Bill) |
| A clear Passport Photograph |
| Last 12 months bank statement (PDF) |
| Transaction Data history from corresponding e-commerce or digital payments platform |
| Signed Cheques |
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