LPO Finance
Streamlined Financing for Your Business Needs
Only LPOs of blue chip companies and well recognised organisations with a good credit history will be considered.
- All LPOs must be confirmed from the issuing company before processing
- The applicant must show evidence of previous jobs performed and payments received or demonstrable ability to execute the job.
- Payment domiciliation will be required in the absence of which an Irrevocable Letter of Authority received and acknowledged by the receiving bank will be considered.
- The borrower will be required to make a 10-30% contribution to the cost of executing the LPO.
- All LPO Finance above N500, 000 will require additional collateral apart from payment domiciliation and cash contribution
- Tenor for all LPO Finance may not be more than six (6) months.
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