SME Products Financing
Import Finance
The product is targeted at FirstBank customers who are involved in the importation of raw materials or finished goods.-
Credit Facilities made available via Letters of Credits, Bills for Collections etc.
- Short tenor facilities, collaterised by Lien on shipping documents.
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Oil and Gas Contract Finance
The product is designed to meet the funding requirements of indigenous oil and gas companies who are either customers or prospects of FirstBank.- It is self-liquidating
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The facility is short tenured
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Cement Distributorship Finance
The product provides flexible short term facility to meet working capital needs of the Distributors of Major Manufacturing Cement Companies in the Bank's approved list.-
Competitive Pricing
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Flexible collateral structure
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Invoice Discounting Finance
The product is targeted at contractors who have supplied goods/services or executed contracts for which invoices have been duly accepted for payment.- Credit Facilities made available via invoices that have been duly accepted for payments.
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Bonds & Guarantee
The Bonds & Guarantee product is targeted at FirstBank customers who are contractors to major company's that require guarantees from a Bank on their contractors.-
Contract for which the Guarantee is being given must be legitimate.
- Tenor of Guarantee does not exceed one year.
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Telecommunications Distributorship Finance
Product is designed to provide finance for Telecoms Distributors to enhance distribution and sales of merchandise goods.-
Competitive Pricing
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Flexible collateral structure
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Petroleum Dealership Finance
This product provides finance for stock or white petroleum products to existing or new customers who are registered members of IPMAN and authorized dealers of Major Oil Marketing Companies.-
Competitive Pricing
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Flexible collateral structure
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