Working Capital
Preferred Finance Company Limited offers Working Capital Finance to help businesses manage their day-to-day operational expenses without disruption. This product is designed to provide quick and flexible access to funds needed for inventory purchase, payroll, rent, and other short-term business obligations. At Preferred Finance, we ensure your business keeps moving forward.
Eligibility Criteria
✅ The applicant must be a registered business or company operating in Nigeria (SME, Corporate, or Enterprise).
✅ The business must have been in operation for at least 12 months with verifiable cash flow.
✅ The business must maintain a functional corporate account with Preferred Finance Company Limited or another recognized financial institution.
✅ The business must demonstrate capacity for repayment based on cash inflow and operational history.
✅ Applicant must have no outstanding non-performing loans with any financial institution.
✅ The purpose of financing must be clearly stated — such as purchase of goods, inventory restock, or working capital support.
✅ Collateral or acceptable security may be required depending on the loan amount.
Required Documents
📄 Completed Loan Application Form (obtainable from Preferred Finance Company Limited).
🧾 Certificate of Incorporation / Business Registration (CAC documents).
🪪 Valid means of identification of directors or business owners (National ID, International Passport, or Driver’s License).
🧾 Recent utility bill or proof of business address.
📘 Company profile or business plan stating purpose of financing.
📑 Bank statements for the last six (6) months.
📜 Tax Identification Number (TIN) and most recent tax clearance (if applicable).
🧾 Collateral documents or guarantor information (if required).
💼 Financial statements or management accounts (for corporate entities).
🖋️ Board Resolution authorizing borrowing (for limited liability companies).