Easy access to business loans with VendorCredit
We are the financial solutions partner for Micro and Small Businesses. We constantly apply innovative ways to simplify and speed up access to credit. We will provide investment opportunities with safe and rewarding investments.
Loan Calculator
No. of Days is 30
What we do
Invoice Financing
Invoice financing is a way for businesses to borrow money against payments due from customers. Invoice financing helps businesses improve cash flow, pay employees, suppliers, and reinvest in operations.
LPO Financing
This a funding solution for businesses that lack the cash flow required complete a customer order. VendorCredit will provide you with the cash you need to deliver on goods and services to your customers.
How to apply for loan in 3 simple steps
Install VendorCredit app
The app makes everything easier and faster. Apply within minutes with the VendorCredit mobile app.
Verify and Approve
After you submit your application, you will upload some documents so we can verify transaction.
Receive Your Money
Once you have been approved. Your account is funded with the requested amount within 24 hours.
Are you a micro/small business owner?
Do you provide services to reputable organisations?
Do you need money to deliver on a project?
Why choose VendorCredit
No Collateral
There is one thing banks will never understand - Collateral does not makes sense for a micro business.
Less Documentation
No need to fill countless forms just because you need a loan. You have a business to run.
No Guarantors required
Another common loan requirement that does not make sense for the Nigerian environment.
Decision within 24 hours
When you are small, you need to move fast! We help you move faster
Free Financial Advisory
We don't just provide loans, our team is made up of competent financial advisers.
Discounted Health Insurance
We provide you with discounted health insurance, just in case you become ill during the tenor of transaction.
Frequently Asked Questions
Answers to questions you are likely to have.
- Scanned copies of all CAC documents
- Valid proof of government identification (International passport, National Identification card, Driver’s license, Voter’s card and National Identity Management Commission card).
- Bank Verification Number.
- Most recent 6 months bank statement (Corporate) signed and stamped by the bank.
- Evidence of past jobs executed on behalf of the corporate.
- The invoice to be discounted or the LPO to be financed.
- The corporate/contract employer is yet to pay. In this event, we can extend the facility for another 30-60days which will attract an extension fee of 2%, while the approved interest rate continues.
- The vendor/customer has diverted the funds. In this event the loan is in default mode and attracts a daily interest rate of 1% until the indebtedness is fully repaid or recovered. Customer will also bear all costs incurred in by borrower in recovering the indebtedness.
Our Client Testimonial
See what our customers have to say about VendorCredit.
“I loved the customer service you guys provided me. Everything was straightforward. Will definitely come back for another transaction.”
Lekan Ogunmola
"These people understand what it feels like to run a business. They support your hustle. Loan application was simple and fast. I highly recommend."
Akin Akinboyewa
We are here to help you
Your Growth is Our Focus. Let's be your growth partner.