1. Order Boost
Order Boost enables healthcare SMEs to finance orders and enjoy extended credit periods for their purchases. Suppliers and distributors receive immediate payment, empowering SMEs to buy more.
This loan is disbursed to the supplier.
Representative example: Loan amount of N1,000,000 borrowed for 3 months. Upfront Fee: 2% i.e. N20,000 (charged upfront, deducted from disbursement). Monthly Interest Rate:3% flat i.e.N30,000 monthly. Total amount repayable: N1,110,000 (i.e. N20,000 upfront + N363,333 monthly X 3). Fees are subject to change and will be affected by customer risk. Late repayment fees are applicable.
2. Cash Boost
Cash Boost empowers healthcare SMEs with working capital for day-to-day expenses and short-term liabilities. Funds cover rent, salaries, utilities, equipment, marketing, training, insurance, and more.
This loan is disbursed to the borrower.
Representative example: Loan amount of N1,000,000 borrowed for 3 months. Upfront Fee: 2% i.e. N20,000 (charged upfront, deducted from disbursement). Monthly Interest Rate:3.5% flat i.e.N35,000 monthly. Total amount repayable: N1,125,000 (i.e. N20,000 upfront + N368,333 monthly X 3). Fees are subject to change and will be affected by customer risk. Late repayment fees are applicable.
3. Asset Boost
Asset Boost empowers healthcare SMEs to procure medical equipment and upgrade their facilities. It provides asset financing for healthcare SMEs and turn-key public-private partnership healthcare projects.
This loan is disbursed to the supplier.
Representative example: Loan amount of N1,000,000 borrowed for 6 months. Upfront Fee: 2% i.e. N20,000 (charged upfront, deducted from disbursement). Monthly Interest Rate: 3.5% flat. i.e. N35,000 monthly. Total amount repayable: N1,230,000 (i.e. N20,000 upfront + N201,667 monthly X 6). Fees are subject to change and will be affected by customer risk. Late repayment fees are applicable.
Documents Required
A quick and transparent process
- Create a lifetime profile
- Sign your contracts online
- No collaterals
- Funds available within 48 hours
A quick and transparent process
- Create a lifetime profile
- Sign your contracts online
- No collaterals
- Funds available within 48 hours
Sole proprietorships
- Government issued identity document
- Bank Verification Number
- Certificate of Business Registration
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
Sole proprietorships
- Government issued identity document
- Bank Verification Number
- Certificate of Business Registration
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
Limited liability companies
- Government issued identity document
- Bank Verification Number
- Certificate of Incorporation, CAC forms 02 and 07
- Board resolution to borrow
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
Limited liability companies
- Government issued identity document
- Bank Verification Number
- Certificate of Incorporation, CAC forms 02 and 07
- Board resolution to borrow
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents