Industry Expertise
Andray mSME
We provide flexible/low-cost senior cash flow financing to SMEs and lower middle market businesses.
Business/ Andray mSME
SME Loans & Advances
33.3% (PLR)
1% Management Fee
1% Credit Assurance
7.5% VAT on the Management Fee
- Details
Designed for small and medium enterprises, including businesses with daily cash flows and short cash conversion cycles, looking to expand, purchase inventory, or enhance operations. Irrespective of the sector your enterprise is operating in, Andray Finance is willing to support you with a credit facility up to NGN5,000,000.00 to expand the enterprise.
Features of Andray mSME Loan
- 33.3% per month
- Maximum Facility Limit is ₦5,000,000
(subject to income verification) - 6 Months Maximum Tenor
- Equal monthly repayment comprising principal and interest.
- 1% Management Fee
- 1% Credit Assurance
- 7.5% VAT on the Management Fee
Loan Schema
This is a working capital loan for business owners to meet urgent cash needs for their business expansion. This loan is open to Micro, Small, and Medium-scale businesses (MSMEs) with stable cash flow and mainly operating in Lagos.
Applicant’s formal letter of request for the loan
Applying businesses must be registered
Customers can get up to ₦10 Million payable over 3months to expand their business and meet their cash flow demands
Revolving credit facility with repayment within 30 Days
Additional Documentation or Collateral may be requested
Hassle-free application processes and quick approval times
Advanced support for you to manage your loan more easily
Get in Touch
To learn more about how Andray Finance can help your business,
connect with our team at 0815-100-0004, [email protected], or by filling out the form below.
