Top 49 Business Questions You Will Be Asked When Applying For Covid-19 CBN Loan through NIRSAL Microfinance Bank in Nigeria.
MSMEs
Existing enterprises with verifiable evidence of business activities
adversely affected as a result of the COVID-19 pandemic
Targeted Credit Facility – SME Loan Application Form
Top 49 Business Questions You Will Be Asked When Applying For Covid-19 CBN Loan through NIRSAL Microfinance Bank in Nigeria.
CBN 50 Billion COVID 19 Support
Required
1.Select how the Pandemic COVID 19 directly or indirectly affects your business
Cash-flow or drop in sales challenges
Loss of business/Customer patronage
Loss of ongoing contract
Unable to meet key demands for product
Increase in price of major production input due to supply chain challenges from key economies e.g Imports from China
2.First time request
Yes
No
Required
PROMOTER’S INFORMATION
3.Promoter’s Name
Surname, First name and Other names
4.Promoter’s Home Address
5.Promoter’s Telephone (Mobile)
6.Promoter’s E-mail
7.Promoter’s BVN
BUSINESS INFORMATION
8.Business/Company Name
9.Business/Company Address
10.Business Location (state)
BUSINESS INFORMATION
8.Business/Company Name
9.Business/Company Address
10.Business Location (state)
11.Business Description
12.Business Sector
13.Sub Sector – Agricultural value chain activities
Milling
Logistics
Input/Asset financing
Storage and warehousing
Farming
Poultry
Fishing
14.Company’s Products/Services
15.Number of employee
16.CAC Registration Number
RC or BN Number
17.Business Ownership – Shareholders’ Structure
18.Length of Operation
19.Director’s Name
20.Director’s Telephone
21.Director’s BVN
22.Director’s Date of Birth
23.Director’s E-mail
24.Additional Director’s Name
25.Additional Director’s Telephone
26.Additional Director’s BVN
Top 49 Business Questions You Will Be Asked When Applying For Covid-19 CBN Loan through NIRSAL Microfinance Bank in Nigeria.
27.Select preferred NIRSAL Microfinance Bank (NMFB) branch
NIRSAL MFB ABA, NIPOST OFFICE, NO 5 ASA ROAD, ANAMBRA
NIRSAL MFB ABAKALIKI, NIPOST OFFICE, WATERWORKS ROAD ABAKALIKI
NIRSAL MFB ABEOKUTA, NIPOST OFFICE, TOTORO ROAD ABEOKUTA
NIRSAL MFB ADO EKITI, NIPOST OFFICE, OJA OBA, ADO EKITI, EKITI STATE
NIRSAL MFB AGBOR, NIPOST OFFICE, OLD POST OFFICE LAGOS-ASABA AGBOR
NIRSAL MFB AKURE, NIPOST OFFICE, DEJI PALACE ROAD, AKURE, ONDO STATE
NIRSAL MFB AREA 10, NIPOST OFFICE, AREA 10 GARKI, ABUJA
NIRSAL MFB AROCHUKWU, NIPOST OFFICE, GENERAL POST OFFICE AROCHUKWU
NIRSAL MFB ASABA, NIPOST OFFICE, NO 2 OSIOMA ONYEOBI WAY ASABA
NIRSAL MFB AWKA, NIPOST OFFICE, 173 ZIK’S AVENUE, AWKA, ANAMBRA
NIRSAL MFB BAUCHI, NIPOST OFFICE, WUNTI ROUNDABOUT, BAUCHI
NIRSAL MFB BENIN, NIPOST OFFICE, AIPORT ROAD OPPOSITE OBAS PALACE BENIN
NIRSAL MFB BIDA, NIPOST OFFICE, BCC ROAD, BIDA, NIGER STATE
NIRSAL MFB BILLIRI, NIPOST OFFICE, ALONG GOMBE-YOLA ROAD, BILLIRI, GOMBE
NIRSAL MFB BIRNIN KEBBI, NIPOST OFFICE GESSE PHASE 1 OFF EMIR HARUNA ROAD, BIRNIN KEBBI
NIRSAL MFB CALABAR, NIPOST OFFICE CALABAR ROAD, CALABAR, CROSS RIVER STATE
NIRSAL MFB DAMATURU, NIPOST OFFICE, ALONG POTISKUM ROAD DAMATURU, YOBE STATE
NIRSAL MFB DAURA, NIPOST OFFICE, NO 1 KWANAR DABO STREET, DAURA- KANO ROAD, NIPOST OFFICE KATSINA
NIRSAL MFB DUTSE, NIPOST OFFICE, DUTSE, JIGAWA STATE
NIRSAL MFB ENUGU, NIPOST OFFICE, NO 22 OKPARA AVENUE BY P&T BUS STOP, ENUGU
NIRSAL MFB GOMBE, NIPOST OFFICE, GOMBE – BAUCHI ROAD, GOMBE STATE
NIRSAL MFB GUSAU, NIPOST OFFICE, SOKOTO ROAD, GUSAU
NIRSAL MFB GWAGWALADA, NIPOST OFFICE, NO 1 SECETARIAL ROAD, GWAGWALADA
NIRSAL MFB HEAD OFFICE, NIPOST OFFICE, PLOT 102/103, MONROVIA STREET, WUSE 2 ABUJA
NIRSAL MFB IBADAN, NIPOST OFFICE, OPPOSITE RAILWAY CORPERATION, IBADAN
NIRSAL MFB IDAH, NIPOST OFFICE, POST OFFICE ROAD IDAH
NIRSAL MFB IJEBU-ODE, NIPOST OFFICE, FOLAGBADE STREET ALONG AWUJALE COMPLEX IJEBU-ODE
NIRSAL MFB IKEJA, NIPOST OFFICE, MOBOLAJI BANK ANTHONY WAY, IKEJA
NIRSAL MFB ILORIN, NIPOST OFFICE, ZULU GAMBARI ROAD ILORIN, KWARA STATE
NIRSAL MFB JALINGO, NIPOST OFFICE, NO 4 LODDO STREET, JALINGO, TARABA STATE
NIRSAL MFB JAMAARE, NIPOST OFFICE, KOFAR KUDU, MOHAMMED WABI STREET, JAMAARE
NIRSAL MFB JIMETA, NIPOST OFFICE, POST OFFICE GALADIMA AMINU WAY, JIMETA-YOLA ADAMAWA
NIRSAL MFB JOS, NIPOST OFFICE, NO1 AHAMDU BELLO WAY, PLATEAU
NIRSAL MFB KADUNA, NIPOST OFFICE, NEW TOWN POST OFFICE, NO 5 ALI AKILU ROAD, KADUNA
NIRSAL MFB KALTUNGO, NIPOST OFFICE, GOMBE, KALTUNGO
NIRSAL MFB KANO, NIPOST OFFICE, PLOT 1 POST OFFICE ROAD, KANO
NIRSAL MFB KATSINA, NIPOST OFFICE, IBB WAY, KATSINA
NIRSAL MFB KAZAURE, NIPOST OFFICE, DAURA-KANO ROAD, JIGAWA
NIRSAL MFB LOKOJA, NIPOST OFFICE, HASSAN USMAN KATSINA ROAD, LOKOJA, KOGI STATE
NIRSAL MFB MAHUTA, NIPOST OFFICE, MAHUTA KEBBI STATE
NIRSAL MFB MAIDUGURI, NIPOST OFFICE, KYARI ROAD (NEAR RACE COURSE), MAIDUGURI
NIRSAL MFB MAKURDI, NIPOST OFFICE, WABATA BANK ROAD, MAKURDI
NIRSAL MFB MARINA, NIPOST OFFICE, 34 MARINA STREET, LAGOS ISLAND, LAGOS
NIRSAL MFB MINNA, NIPOST OFFICE, MOHAMMED MUAZU ROAD MINNA, NIGER STATE
NIRSAL MFB ONITSHA, NIPOST OFFICE, OLD MARKET ROAD, ANAMBRA
NIRSAL MFB OSHOGBO, NIPOST OFFICE, ORISUMBARE, OSHOGBO, OSUN STATE
NIRSAL MFB OWERRI, NIPOST OFFICE, ACHIKE UDENWA AVENUE, OWERRI, IMO STATE
NIRSAL MFB PORT-HARCOURT, NIPOST HEADQUARTERS, , 10 STATION ROAD, PORTHARCOURT
NIRSAL MFB SOKOTO, NIPOST OFFICE, MAIDUGURI ROAD, SOKOTO
NIRSAL MFB UBULO-UNOR, NIPOST OFFICE, UBULU-UNOR
NIRSAL MFB UMUAHIA, NIPOST OFFICE, NO 1 ABA ROAD, UMUAHIA
NIRSAL MFB UYO, NIPOST OFFICE, 1 IKOT EKPENE ROAD ABAK, UYO
NIRSAL MFB YENAGOA, NIPOST OFFICE, HOSPITAL ROAD, YENEGOA, BAYELSA
NIRSAL MFB YOLA, NIPOST OFFICE, 31 SOKOTO STREET, YOLA TOWN, ADAMAWA
28.Do you have a NIRSAL Micro-Finance Bank (NMFB) account?
Yes
No
REVENUE INFORMATION
29.What is your Previous Monthly Operating Expenses -2018 – 2019(₦’)?
30.What is your Previous Monthly Gross Profit 2018 – 2019 (₦’)?
31.What is your Current Average Monthly Sales Revenue (₦’)?
32.What is your Current Monthly Operating Expenses (₦’)?
33.What is your Current Average Monthly Gross Profit 2020(₦’)?
34.Send bank statement to TCF-bankstatementsme@NMFB.COM.NG
Note: Please ensure that the documents MUST be saved in your business name before sending.
35.List top 5 customers ( Name and Location )
36.List at least 3 major suppliers
LOAN TYPE
37.Loan category
Mini SME (3Million – 10Million)
SME (10Million – 15Million)
SME Plus (15Million – 25Million)
38.Collateral type – Mini SME
Any describable movable asset with a serial number that can be used for registration on the collateral registry worth at least 70% of the loan amount.
Comprehensive insurance over the asset with NMFB as first loss Payee.
Personal guarantee of business promoter
Irrevocable domiciliation of proceeds
One (1) acceptable guarantor
39.Send all evidence of collateral to TCF-collateral@nmfb.com.ng
Ensure all information provided are correct and note that the documents MUST be saved in your Business name before sending.
40.Eligibility for the facility shall be assessed using combinations of the required documents as listed below.
Evidence of business operations within the COVID-19 affected industry, such as aviation services, hospitality (accommodation and food services), agricultural commodity export, manufacturing/value addition, and trading.
Three-year audited financial statement and audited management account, evidencing at least 50 per cent drop in income due to COVID-19 related shutdown or lockdown of business activities.
Bankable plans to take advantage of the critical opportunities arising from the pandemic.
41.Send evidence of business operations, three year audited financial statement and business plan to TCF-busplan@nmfb.com.ng
Ensure that all information provided are correct and note that the documents MUST be saved in your Business name before sending. Link for automated business plan will be shared via the email you provided above.
Read Also: https://dayoadetiloye.com/how-to-apply-for-covid-19-n50bn-cbn-loan-for-small-businesses-and-individual-household-in-nigeria/
LOAN INFORMATION
42.Purpose of Loan
To increase inventory
To expand your business
To recruit and hire key employees
To move your business to a new location
To purchase new equipment for productions
To augument working capital requirements
To improve and expand your marketing strategy
To improve cashflow requirements
To expand products and services
To improve production
To cover an unexpected expense
43.Do you want Working Capital?
Yes
No
State what you intend to use the Working Capital for?
45.How much Working Capital do you want?
Note: This can only be 25% of your total credit required
46.Loan Amount
47.Proposed Tenor in month
maximum of 3 years (2024)
48.Proposed moratorium in month
Maximum of 1 year
Top 49 Business Questions You Will Be Asked When Applying For Covid-19 CBN Loan through NIRSAL Microfinance Bank in Nigeria.
EXISTING LOAN
49.Do you have any existing loan?
Yes
No
How did you hear about us?
How it Works
STEP 1
Submit an Application
The process is easy.You can begin on your phone, your tablet or your laptop.
Submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic.
STEP 2
Approval
We review your application and forward the application to the CBN for final approval.
STEP 3
Disbursement
CBN reviews applications and gives final approval for disbursement to NMFB
FAQ
What is the interest rate?
Interest rate under the intervention is 5% p.a. (all inclusive) up to 28th February 2021 and thereafter, the interest on the facility will revert to 9% p.a. (all inclusive) as from 1st March 2021.
How long is the loan for?
Working capital will be for a maximum period of one year, with no option for rollover. Term loans have a maximum tenor of not more than 3 years with, at least, one-year moratorium.
How much can I access?
Households: Can access a maximum of N3 million
Loan amount to SMEs shall be determined based on the activity, cashflow and industry/segment size of beneficiary, subject to a maximum of N25 million.
Working capital shall be a maximum of 25% of the average of the previous 3 years’ annual turnover. (where the enterprise is not up to 3 years in operation, 25% of the previous year’s turnover will suffice).
Click Here to Apply
Source: https://nmfb.com.ng/covid-19-support/
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