Our Equipment Loan provides you with financing options so you can get the assets you need for your business. We offer flexible repayment options and affordable insurance to go with your purchase.
What does it offer you:
- Your business will own the equipment at the end of the agreed period once the last payment has been made.
- There are a wide variety of repayment options available to suit your business’ cash flow.
- We'll advise you on how to structure the loan taking into account your business’ cash flow and the amount you have available for deposits.
- You immediately get access to use the equipment.
What you need to apply:
- Full names and capacities of those who will sign for the financing.
- CV of each member of the management team.
- The reason you need the finance.
- Your business' financial statements, including an income statement, balance sheet and cash flow statements.
- Personal statements of assets and liabilities of all the partners, members or directors.
- A 12 month cash flow estimate.
- The amount of your own contribution and the source of the funds.
- If you do not have a business account with Stanbic IBTC Bank, you must provide the business' bank statements for the past six months.
For more information:
Please visit a Stanbic IBTC Bank branch near you or give us a call on 0700 CALL STANBIC (0700 2255 7826242) or +234 01 270 9676 or e-mail us StanbicNigeria-VAF@stanbicibtc.com