LIST OF DOCUMENTS REQUIRED FOR LOAN APPLICATION FOR BUSINESS ENTERPRISES


  1. Formal Application.
  2. Photocopy of Certificate of Registration (Form CAC/BN/A1)
  3. Business Plan
  4. Valuation report on existing assets prepared by an accredited BOI valuer.
  5. Value of equipment to be purchased from BOI accredited supplier (including invoices).
  6. Source(S) and value of raw materials to be purchased expressed in Units
  7. Two (2) passport photographs  of the promoter (Business Owner)
  8. Photocopy of the current Tax Clearance Certificate of the Proprietor.
  9. Means of Identification (i.e. International Passport or Driver’s licence or National Identity card of two directors of the company.
  10. Bank Statement of the company for six (6) months.
  11. Declaration of Outstanding Liabilities to other Banks and Individuals.
  12. Reference letter from a recognised traditional ruler or authorized Local Government Official.
  13. Provision of a minimum of two (2) External Guarantors to guarantee the loan. The Guarantors must belong to any of the following categories;
    1. Senior Civil Servant (not below the rank of of Assistant Director.
    2. Bankers (not below the level of Branch manager), with minimum of 5 years in service with the Bank (current employer).
    3. Lawyers (SAN).
Individual Guarantor’s Requirements
  1. Letter of Intent to guarantee.
  2. Profile/CV of the guarantor.
  3. Means of Identification (i.e. International passport or Driver’s License or National Identity card).
  4. Notarized statement of Net-Worth with affixed passport photographs (Standard Form will be issued by BOI).

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