SIDE CAPITAL provide quick and convenient loans for SMEs and individuals needing funds to pre-finance fast moving and short term contracts. This loan product is for SMEs and individuals with valid awarded contracts wanting funds to purchase goods to supply or provide services which have short term duration and a promised short term payment by the buyer.
Source of repayment for this type of the loan is mainly from the payment of the contract proceeds and/or other assured source of income of the borrower.
CONTRACT/PROJECT LOAN REQUIREMENT
LOAN DURATION: Maximum of 3 Months
· Same for SMEs under business loans
· Same for individuals under personal loans
· Copy of a valid national ID (Voters, NHIS, Driver’s license or passport)
· Copy of Local Purchase Order
· Copy of letter awarding contract
All documents listed above might be required depending on the loan request and type of business
Individual Project/Contract Loan Application form [CLICK TO DOWNLOAD]
Sole Proprietor Project/Contract Loan Application form [CLICK TO DOWNLOAD]
Limited Liability Project/Contract Loan Application form [CLICK TO DOWNLOAD]