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Home Tag BudgIt and FATE

Tag: BudgIt and FATE

SME Invoice Discounting Finance (SME IDF) This is a short term borrowing facility which provides a quick cash flow solution to your business needs. Your business can draw money against invoices (receivables) issued before your clients pay for products supplied or services rendered. >>> Maximum of N 50Million (subject to 70% of invoice value) >>> Tenor is 60 days (maximum waiting period of 30 days) >>> Bullet repayment upon maturity of the facility with monthly interest >>> Irrevocable domiciliation of discounted invoice proceeds with GTBank >>> Competitive interest rate Quick Credit Get More Out of Your Account with Quick Credit Whether you are a salary earner or self-employed, you can now get the cash you need instantly, and pay back over 6 - 12 months. Quick Credit gives you funds up to N5million at an interest rate of 1.75% monthly. No Hidden Charges. What's In it for You >>> Up to N1 - 5 Million >>> Convenient repayment plan spread over 6 - 12 months >>> At an interest rate of 1.75% per month Premium Advance Always there, when you need funds the most, Premium Advance is a revolving overdraft facility placed on your Debit Naira MasterCard. What's in it for you? >>> Up to N1 Million overdraft with a 1 year Tenor (subject to clean-up every 30 days). >>> Very Competitive interest rate. 2% flat fee on N1million upon first utilization. >>> Overdraft accessible via Naira Debit MasterCard (for ATM withdrawals, POS purchase and web payments). >>> Monthly repayment of interest with bullet payment of principal at end of cycle. Overdraft At Guaranty Trust Bank, we are desirous of supporting your business by providing you with the required funds to support your working capital. It is a line of credit that allows a customer write cheques for more than the actual balance on the account with a finance charge on the excess. It is an open credit which can be used repeatedly until the balance on the account reaches a certain pre-arranged limit with a specific repayment date, usually one year. The funds is usually available for your use for a tenor of one year but it can be renewed upon satisfactory performance. Hub Advance Let's Grow Your Business together With Hub Advance, you get the right kind of inventory financing that your business needs to grow. Loan Dynamics >>> Maximum Loan Amount - N500k to N2million >>> Maximum tenor of 3 months >>> Irrevocable Domiciliation of inflows is required >>> Repayment for the loan shall be equal monthly repayment of principal and interest >>> No Equity Contribution >>> Interest rate: Competitive >>> No Collateral Food Industry Credit The Recipe for Growth Looking to grow your food business? Now you can get all the financing you need with the GTBank Food Industry Credit, which offers you a single digit interest rate loan of just 9% per annum. What's in it for You >>> Up to N2 Million >>> 9% per annum interest rate (0.75% monthly) >>> Flexible repayment plan spread over 180 days >>> Zero Fees Fashion Industry Credit Tailored to your Fashion business, designed for growth. Building a fashion business is one of the most exciting things you can do, when you have the right support. That is why we have created a single digit interest rate loan at 9% to provide entrepreneurs in the fashion industry with all the financing they need to grow their business. Fashion Credit Web >>> What's in it for You >>> Up to N5 Million for your fashion business >>> Single digit (9% per annum) interest rate at 0.75% per month >>> No fees >>> Flexible repayment plan spread over 360 days >>> Customers can access up to 50% of average annual turnover

SURVEY: Entrepreneurs Want Access to funding, Reduced Loan Interest During COVID-19 Pandemic

Nigerian Micro, Small, and Medium Enterprises (MSMEs) have listed funding, access to market, and reduced loan interest as top needs ...

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