Lendigo is a financial (FinTech) company that renders small-scale business loans. Lendigo operates in some countries like Nigeria, Mexico, Colombia, Peru, Chile, and the Philippines.
Lendigo company uses technology to sleek the lending process and also offers quick and easy access for small-scale businesses. This Fintech company provides types of financing, which include term loans, lines of credit, and invoice factoring.
To apply for a loan with Lendigo, business-owner should present their basic information about the business they do, such as revenue(how much they earned monthly and annually), time in business, and how many employers they have in their company.
So, Lendigo will use the information to assess the business’s creditworthiness and then determine the appropriate loan terms.
Why Lendigo App Loan?
– Lendigo aims to provide access to affordable financing for small-scale businesses that may have difficulty obtaining commercial bank loans.
– The company has a focus on supporting businesses in emerging markets and promoting economic growth and development.
Note: It’s important for all business-owner to read and carefully review the financial institution terms and conditions of any loan agreement before accepting funds. So as to avoid the closure of business and harassment.
It’s also important to ensure that the loan terms are appropriate for the business’s needs and financial situation.
Lendigo Loan Requirements
Lendigo’s requirements for small business loans may vary depending on the country in which the business is situated. However, some general requirements include:
1. Time in business
2. Revenue
3. Credit score
4. Industry
5. Other factors
Time in business: Lendigo typically requires businesses to have been in operation for a certain time, such as eight months or a year.
Revenue: Businesses must have a minimum amount of monthly of N250,000 or annual revenue to qualify for a loan.
Credit score: Lendigo may review the business owner’s personal and business credit scores as part of the application process.
Industry: Lendigo may have restrictions on the types of businesses it will lend to, based on the industry or sector.
Other factors: Lendigo may also wanna consider some other factors, like; the business’s cash flow, profitability, and collateral when assessing the loan application.
Lendigo Required Criteria for SMEs
– CAC Certificates (CAC 2 and 7) (that’s if your business is registered with CAC)
– Last 12 months’ Bank Statements
– Government ID Card (International Passport, National ID, Driver’s License, or your Voters ID)
– Corporate guarantee through Board Resolution will be needed (that’s if your company is a Limited one)
– Business-owner NIN and BVN details
– You will provide your NUBAN cheque (if the loan you’re is more than ₦1 million)
For details check Lendigo website via www.lendigo.ng/business-loans/for-other-smes/
Lendigo Business Loans for POS Business
This loan option is for POS agents that need money to settle operational costs and also working capital.
Starting from ₦300,000
Note: Depending on how consistent you’ve been on transactions before you’ll be awarded this kind of loan. While the Repayments of the loan will be deducted from your profit weekly.
It’s important to note that meeting these requirements does not guarantee approval for a loan. Lendigo will review the business’s creditworthiness and financial situation before making a decision on the loan application.
It’s also a good idea to carefully review the terms and conditions of any loan agreement before accepting funds, including the interest rate, repayment terms, and fees associated with the loan.
Download Lendigo mobile app via Lendigo website here www.play.google.com/store/apps/details?id=com.lendigo.app
Lendigo Loan App Customer Care and Email address
Contact Lendigo Customer support for any financial-related issues below.
For phone calls: 0812 289 1078
Official website: Lendigo.ng
Email address: [email protected]