FirstBank LPO Finance Helps Nigerian SMEs Beat Cash Crunch with 70% Supply Funding and 90-Day Terms
FirstBank LPO Finance keeps Nigerian SMEs stocked and trading with up to 70% supply funding and 90-day repayment terms
How FirstBank LPO Finance Keeps SMEs Trading
FirstBank LPO Finance is a practical short-term funding solution that helps Nigerian SMEs meet purchase orders without starving their working capital. By covering up to 70% of supply costs, FirstBank enables businesses in Lagos, Abuja and across Nigeria to fulfil contracts and keep customers happy.
With a maximum tenure of 90 days and an optional 60-day renewal, this LPO Finance product is tuned to the fast pace of Nigerian trade. SMEs with annual turnover up to N500 million can use the facility to avoid stock-outs and seize growth opportunities.
Key Features and Local Eligibility
The main features that make FirstBank LPO Finance popular include 70% supply funding, 90-day repayment terms, and the need for a tripartite domiciliation agreement between your business, FirstBank and the hiring principal. Only suppliers with principals approved by FirstBank qualify, which adds a layer of security for all parties.
Applicants must be retail customers with turnover at or below N500 million and provide contract papers, bill of quantities, evidence of similar contracts and other standard documents. This approach balances access to funds with prudent risk management appropriate for the Nigerian market.
Applying and Getting Funds Quickly
To apply for FirstBank LPO Finance, download the Retail Loan Application Form from FirstBank’s website or visit your nearest branch. Complete documentation speeds up processing — FirstBank’s retail team knows how crucial timing is for SMEs fulfilling local purchase orders.
Once approved, funds are disbursed against verified supply invoices and the agreed domiciliation arrangement. Because the product is purpose-built for contract execution, most borrowers use the money directly for procurement and logistics to meet delivery timelines.
Benefits, Responsibility and Real Results
LPO Finance from FirstBank improves cash flow predictability: your business can execute contracts without dipping into reserves or delaying other operations. The 70% funding and 90-day tenor make it easier to manage receivables cycles common in Nigerian trade.
While the facility helps SMEs grow, borrowers must honour the domiciliation agreement and manage repayment within the term. When used responsibly, FirstBank LPO Finance becomes a reliable engine for growth — turning awarded local purchase orders into repeat business and stronger credit profiles.