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Small Business Loans

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

Loan Amount is 1000000
No. of Days is 30
Payable Amount

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.

VendorCredit does Invoice financing and LPO financing for transactions between ₦500,000 and ₦5,000,000. You will need to have the following documents ready to apply through the mobile app;
  • 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.
VendorCredit can grant loans up to 70% of applicants confirmed LPO/Confirmed Invoice values to a limit of ₦5,000.000.00 (per transaction)
Definitely. We simply recalculate the interest up to that point, meaning you pay less by paying early.
Loans are credited to applicant's account within 48hours after approval.
Yes, your application is subject to a credit check before approval.
The detail of your loans will be disclosed to credit bureau and in the event of default, we will be compelled to disclose same to security agencies.
Loans are granted for a maximum of 60days (with a one-off extension of 30days at a fee)
Interest rates are a function of your computed risk rating and ranges between 12-18% per transaction cycle of 60days. This Is exclusive of facility & verification fees.
Each facility attracts a facility fee of 1% and verification fee of 1% each. Both are paid up front.
The interest is paid at maturity (end of transaction cycle) along with the principal. However, rate discounts will be applied for upfront interest payments.
There are two reasons why a customer is unable to pay on due date;
  1. 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.
  2. 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.

Lekan Ogunmola

“I loved the customer service you guys provided me. Everything was straightforward. Will definitely come back for another transaction.”

Lekan Ogunmola

Leksyd Energy Limited
Akin Akinboyewa

"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

Sinkaswift Limited

We are here to help you

Your Growth is Our Focus. Let's be your growth partner.

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Looking for business loan? then apply for loan now.


Call us at

(+234) 0816 028 9477

[email protected]

7B, Dr. S. Ezekuse Close, Lekki Phase 1, Lagos

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