How do we get MSME sector growing in Nigeria or Africa for that matter. Small investments in technology can create massive opportunities.

1. Ochiliozuo I
A story of technology enabling business

2. Ochiliozuo 1’s
shop is full and
business is
good.
What more could he want?

3. Open more
shops in Lagos,
Ibadan, Nnewi,
Abuja …?

4. Holidays and
time away from the
shops??

5. Spend time in
China looking for
other suppliers?

6. What is stopping him?

7. BANK OF INDUSTRY LIMITED
A CHECKLIST OF APPRAISAL REQUIREMENTS
SECTION A - BASIC REQUIREMENTS
1. Formal Letter of Application
2. Photocopy of Certificate of Incorporation
3. Photocopies of the Certified True Copy of Forms C02 and C07
4. A photocopy of the Certified True Copy of Memorandum and Articles of Association of
the Company.
5. Feasibility Study Report. See Section B for details.
6. Photocopy of Title documents to project site (Statutory Certificate of Occupancy)
7. Photocopy of Title Documents to the Collateral Security (This must be a landed property
in an urban center). Please note that only Statutory Certificate of Occupancy is
acceptable. Also note that we require a Fixed Asset Coverage of 2.5
8. Approved Site Plan.
9. Approved Building Plan ( If new building is required)
10. Bill of Quantities or Contractor’s Estimate of Cost to be incurred on Factory Building (if
available).
11. Valuation Report on Factory Building(s) for expansion projects and evidence of
availability of landed property in an urban area that can be offered as collateral security.
12. Quotations for items of plant and machinery (at least 3 quotations from different sources).
13. At least two (2) quotations for items of raw material and letters of intent to supply.
14. Three (3) years most recent Audited Accounts of the company (for existing company).
15. Organizational Structure and Management of the company.
16. Declaration of total outstanding liabilities of the company.
17. Statement of Account for the past six months from the company’s bankers
18. Three (3) years most recent Tax Clearance Certificate for the Company and two (2)
Directors.
19. Eight recent Passport photographs of each of the two Directors and the Company
Secretary.
6. Photocopy of Title documents to project site (Statutory Certificate of Occupancy)
7. Photocopy of Title Documents to the Collateral Security (This must be a landed property
in an urban center). Please note that only Statutory Certificate of Occupancy is
acceptable. Also note that we require a Fixed Asset Coverage of 2.5
8. Approved Site Plan.
9. Approved Building Plan ( If new building is required)
10. Bill of Quantities or Contractor’s Estimate of Cost to be incurred on Factory Building (if
available).
11. Valuation Report on Factory Building(s) for expansion projects and evidence of
availability of landed property in an urban area that can be offered as collateral security.
12. Quotations for items of plant and machinery (at least 3 quotations from different sources).
13. At least two (2) quotations for items of raw material and letters of intent to supply.
14. Three (3) years most recent Audited Accounts of the company (for existing company).
15. Organizational Structure and Management of the company.
16. Declaration of total outstanding liabilities of the company.
17. Statement of Account for the past six months from the company’s bankers
18. Three (3) years most recent Tax Clearance Certificate for the Company and two (2)
Directors.
19. Eight recent Passport photographs of each of the two Directors and the Company
Secretary.
20. Completed copy of BOI Questionnaire for main promoters and the company (copy
attached).
6/16/14, 11:43 AMFirst Bank of Nigeria Ltd. » Secured Term Loan
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Term Loan
This product is designed to provide a structured and controllable mechanism through which
FirstBank may provide finance to retail organisations with annual turnover of N500 million and
below in all segments of the economy to finance capital projects like new technology acquisition,
asset replacement etc.
Secured Term Loan
Agricultural Financing
Secured Overdraft
SME Products Financing
Local Purchase Orders
(LPOs) Finance
Office Equipment Loan
Operational Vehicles
Revenue Loans &
Overdraft (Local
Government)
FirstEdu Loan
Commercial Mortgage
Contract Finance
Loans
Secured Term LoanSecured Term Loan
Features
Benefits
Accompanying Documents
Application letter
Duly completed Loan Application Form
Proforma Invoice from FirstBank approved vendors
Company Profile
Current ultility bill
Latest Audited Account
Six (6) months Bank statement
Other KYC requirements for opening a corporate account.
Frequently Asked Questions
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Audited account?
How will he
get finance when he
does not have the
documentation?

8. How will he know
what is happening in the
shop when he is not
there?

17. I can open more shops
nationwide
No Accounting hindrance to
Bank Loans
I can go on holidays
I don’t even have to rent a shop

18. High Chief Ochiliozuo I

19. Lets Create More Chiefs Partner With Us
Computer Warehouse Group Plc
www.cwg-plc.com
01-2809800
info@cwg-plc.com