This product is designed to provide short term facilities to select Pharmacies to enable them stock up various drugs for open market sales.
- Facility Limit: Up to 50% of annual turnover in the immediate 12 months, subject to an upper limit of N20 million.
- Facility type: Overdraft
- Maximum tenor: 365 days
- Collateral:
- Stock hypothecation covering a minimum of 200% of facility amount.
- Personal Guarantee of the Managing Director of the Company supported with a notarized statement of personal financial net-worth (Applicable only for limited liability companies)
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