TRADERS / DISTRIBUTIOR FINANCING

TRADERS / DISTRIBUTIOR FINANCING

This product is meant to produce working capital to traders/distributors to meet their demand for funds to meet business needs.

TERMS AND CONDITIONS FOR QUALIFICATION

1. Minimum of 3 months operation of account with R-MFB, backed with evidence of previous account from other banks
2. Credit turnover of not less than N10million
3. Letter of introduction/References from the principal evidencing a distributorship.
4. Must have shop with valid rent not less than 6 months
5. Goods financed shall not be perishable.
6. Stock to be taken as security.
7. Applicant security and insurance are applicable.
8. Security as maybe required.