Running a successful pharmacy business in Nigeria usually requires a lot more than just expertise in dispensing medication and medical advice.
Like other businesses, pharmacies sometimes need additional financial support to fulfill operational needs such as stocking up on essential drugs, expanding their services, or managing unforeseen expenses. In those cases, securing a loan can be the lifeline that keeps your business running.
Over the past years, healthcare business owners across Nigeria have increasingly turned to Provider Advance, which offers collateral-free loans with quick approval times, often within a 48 hour period.
NucleusIS Provider Advance empowers healthcare businesses to maintain optimal stock levels, invest in growth, and enhance service delivery. To ensure a smooth and timely application process, it’s best to have all the necessary documents prepared.
In this article, we’ll address one of the most common questions we receive from prospective applicants: “What are the required documents I need to apply for a collateral free loan?”
Most Recent 12-Month Bank Statement
This gives us a snapshot of your business’s cash flow and financial health over the past year. It’s a way to show your ability to conveniently manage loan repayments.
CAC Registration and CAC Document (Showing Shareholding Structure)
Proof of your company’s registration with the Corporate Affairs Commission (CAC) confirms that your business is recognized and legally operating. The shareholding structure helps clarify ownership and accountability within the company.
Passport Photograph of All Company Directors
A simple but important requirement—passport photos of all directors help verify identities and keep records consistent.
Valid Means of Identification for All Company Directors
Each director will need to provide a government-issued ID (like a passport, your national ID card, voters card or even National Identity Number). This step confirms that all key individuals in your business are properly identified.
Proof of Rental Payment or Ownership of Business Location
Whether you rent or own your space, proof of your business premises establishes your business location. It reassures lenders that your operation is stable and not transient. This document could be receipt of your rent payment or Certificate of occupancy if you own the property
Filled Provider Advance Form
This is the formal application form for the loan. Fill it out completely and accurately. This will be your official request, so it’s essential to double-check all details.
Copy of Medical Practice License
A valid practice license shows you’re authorized to practice. For finance partners like NucleusIS that offer industry-specific financial support, it’s very important to confirm that a healthcare professional is licensed to offer health services to the public.
These documents are essential not only to secure your loan but also for our due diligence process. By having everything in place, you’re helping us ensure a smooth and secure application for your business.
Provider Advance isn’t just for pharmacy owners. If you own a clinic, hospital, maternity center or even a medical equipment supply company, our financing product was created for you too.
Ready to take the next step? Click here to start your application and give your healthcare business the boost it deserves.
See you at disbursement!
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