We Support SMEs through Innovative Financial Solutions.
We take our time to understand the peculiarities.
Asset Finance
This facility enables individuals and businesses acquire essential assets while spreading payments over time, ensuring they retain liquidity for other needs. With Asset Finance, you can secure funding to purchase equipments, vehicles, Solar setup, Gadgets or other fixed assets critical to your operations, without the burden of paying at once.
CreditPRO offers competitive terms with equity requirement as low as 30%, giving your business the tools to grow and thrive without straining your cash flow
Features:
- Wide Range of Eligible Assets
- Flexible Repayment Terms
- Quick Turn Around Time
Eligibility:
To qualify for the Asset Finance Facility, the following conditions must be met:
- Customer must have capacity to pay installmentally
- Customer must have satisfactory credit report
- Customer must be in Lagos or its immediate environment
LPO Financing
Do you have a contract or LPO with a reputable organization and you need working capital to execute the deal? Then our LPO Financing Facility is your best bet.
Our Relationship Officers will interact with you to understand the dynamics of the contract/LPO and come up with the best funding model that suits the deal. The facility is applicable to small businesses that have business relationships with reputable blue-chip organizations with good track records. All documents relating to the LPO will be verified with the issuer.
Features:
- Disbursement within 48 hours
- Transaction tenor up to 90days
Eligibility:
To qualify for the LPO Finance Facility, the following conditions must be met:
- Confirmation of PO from principal
- History of previous transactions with principal
- Satisfactory credit report
Invoice Discounting
Our Invoice Discounting Facility is the key that immediately unlocks your cash after making your credit sales. CreditPRO’s Invoice Discounting Facility is ideal for any Small & Medium Scale business that needs to have immediate access to cash after making a credit supply.
Features:
- Discount up to 70% of value of the invoice
- Disbursement within 48 hour
- Transaction tenor up to 60days.
Eligibility:
To qualify for the Invoice Discounting Facility, the following conditions must be met:
- Confirmation of submitted invoice with principal
- History of previous transactions with principal
- Principal must be a reputable Company
- Satisfactory credit report
Payroll Loan
Our Payroll Loan is carefully designed to help structured small or medium sized businesses access quick loan for the purpose of paying their staff salaries ahead of expectation of their receivable. This facility helps businesses delight their workers by meeting monthly salary obligations despite having temporary liquidity challenges.
A business can apply for up to 70% of the net payroll sum while it is expected to contribute the remaining 30% to complete the salary payment for the month.
Features:
- Disbursement within 24 hours
- Transaction tenor up to 14days
Eligibility:
To qualify for Payroll Finance Facility, the following conditions must be met:
- Customer must have a history of regular payment of staff salary
- Customer must show evidence of receivables
- Only structured businesses will be considered
- Satisfactory credit report
Business Loan
Our business loan is a working capital product that is designed to help small and medium scale businesses meet their working capital needs. A business can access up to 20% of its 6 months turnover in credit to shore up its working capital position.
Our business loan is most suitable for businesses with consistent cash flow.
Features:
- Tenor up to 6 months
- A business can access up to 20% of its 6 months turnover
- Facility is strictly for working capital
- Monthly repayment of principal and interest
Eligibility:
To qualify for Business Loan, the following conditions must be met:
- Business must have good cashflow
- Business must have been in operations for a minimum of 24 months
- Business must have a satisfactory credit report on Credit Bureau
Asset Re-Finance
This is a facility arrangement that allows a business access working capital by re-financing its already owned assets and at the same time still in possession of the assets.
The Asset Re-finance Facility is a quick fix to businesses’ working capital challenges by using what she already owns to get what she urgently needs. CreditPRO can offer up to 70% of the market valuation of the re-financed asset as working capital loan to the small business.
Features:
- Re-finance up to 70% of asset market value
- Disbursement within 48 hours
- Transaction tenor up to 180days
Eligibility:
To qualify for the Asset Re-Finance Facility, the following conditions must be met:
- Asset must be fully owned by the customer and without any encumbrances
- Asset must be in perfect working condition
- Customer must have a satisfactory credit report
Finance Lease
Our Finance Lease product has been carefully designed to help SME businesses acquire important assets to grow their businesses.
To achieve business growth, SME businesses often need to acquire expensive assets or equipment. These assets include cars, vans, generators, office items as well as plant and machinery. Without necessary assets, many businesses will not be able to deliver their good and services to their customers. However, paying cash for big-ticket assets can create serious cashflow problems for SME businesses.
Features:
- Tenor up to 24 months.
- Equity contribution up to 30% depending on type of asset.
- Facility available to acquire business assets only.
Eligibility:
To qualify for Finance Lease, the following conditions must be met:
- Business must have good cashflow
- Business must have been in operations for a minimum of 24 months
- Business must have a satisfactory credit report on Credit Bureau
Clearing Finance
If you are importing your next equipment, machine or motor vehicle, and you are not sure of raising the clearing cost in good time, you can apply for a Clearing Finance Facility in order to avoid paying excessive demurrage on your import.
The Clearing Finance Facility has a tenor of up to 30days, meaning you have to pay back within 30days of disbursement of the loan. CreditPRO takes custody of the cleared item pending when you make your total repayment on the facility.
Features:
- Disbursement within 48 hours
- Clearing to be handled by one of our authorized agents
- Transaction tenor up to 60days.
Eligibility:
To qualify for the Clearing Finance Facility, the following conditions must be met:
- Imported item must not be on custom prohibition list.
- All clearing documentation must be available
- Satisfactory credit report
What Our Clients say about us.
What Our Clients say about us.
Olaide Soetan
I came across CreditPRO about 8 years ago, but then it wasn't known as CreditPRO, it was a consulting firm. It was at the time I was transitioning from paid employment into being an entrepreneur. After doing my SWOT analysis coupled with the training I got from them, I knew I needed to be better prepared to go into business. So, when CreditPRO was birthed, it was easy to come on board because there was an existing relationship in place already.
Ayomiposi Aruleba
I got to know about CreditPRO through a friend. For over a year now, l've been in business with them and it has been a smooth-run. Meeting CreditPRO, they have made it easy in terms of accessibility to funds as at when needed.
Ishola Oladoyin
A friend of mine told me that there is a way she can help ease the burden of looking for money all the time for my business. She said there is a company called CreditPRO and its existence in Lagos has been for a while. She said the company is of good use to people like me, and if I get to them, things would work out. I called them on phone and was invited for a meeting with the management. Within 24 hours, I got the loan I was looking for.
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