This loan will help businesses finance the smooth execution of contracts awarded only by FirstBank approved list of companies. This product is designed to help you fund bigger contracts from FirstBank-approved list of companies; for easy execution without challenges.

• LPO finance is subject to a maximum tenor of 90 days with the option of 60 days renewal after the expiry of the facility.

• Loan Amount does not exceed 70% of cost of supply.
• Irrevocable Tripartite domiciliation of agreement in respect of Contract proceeds executed by beneficiary company, FirstBank and the employer company.
• The employing company must be on the FirstBank list of Principals.

• Gives customers ability to carry out supply orders within a given time frame.
• Gives customers access to working capital.
• Supports business growth and expansion.
• Contribute to nations GDP.

• Customer’s application letter.
• Letter from Employer confirming the Invoice and stating details / time of payment.
• Valid means of identification (National ID, International passport or Drver’s License) of prime mover or 2 of the company directors for limited liability companies.
• Six (6) months statement of account.
• LPO supply paper.
• Letter of domiciliation of contract payment from Employer Company.