Are you a pharmacy, hospital, or laboratory owner in Nigeria looking to get a loan to expand your business but hindered by the lack of collateral? You’re not alone. Many healthcare entrepreneurs face this challenge, but the good news is there are solutions available to help you thrive. You just need to take advantage.
Provider Advance, a groundbreaking product offered by NucleusIS Africa, gives owners of healthcare businesses like laboratories, pharmacies and hospitals funding you need to propel their business forward, without the burden of collateral.
Why Provider Advance?
Provider Advance stands out in the crowd of available business loans in Nigeria for several reasons:
Collateral-Free
One of the most obvious deterrents to getting a business loan in Nigeria for many entrepreneurs is the lack of collateral. Traditional loans usually require collateral, which many healthcare business owners do not have. Provider Advance eliminates this barrier, allowing you to access funds without risking your assets.
Competitive Interest Rates
For any responsible business owner, loan affordability is very important. No one wants to be stuck servicing a loan they can barely afford, putting a strain on their business. Provider Advance offers competitive interest rates of 5% monthly, ensuring that you can invest in your business without worrying about exorbitant repayment terms.
Quick Turnaround
It’s one thing to get a loan for your business, it’s another to get it in time. Healthcare is a very dynamic and delicate space, so time is just as important as money. Provider Advance offers a turnaround time of just 48 hours, allowing you to seize opportunities, address urgent needs promptly and provide better care for your patients.
Generous Funding
With loans of up to 20 million naira available, Provider Advance provides the financial firepower you need to make big moves in your business that actually make a difference in your bottom line.
How to Apply for a Provider Advance loan
Visit our Website
Getting started only takes a click. Head over to our website to begin your application process.
Complete the Application Form
Fill out the Provider Advance Application Form with accurate information about your healthcare business and funding needs.
Get the required documents
To expedite the approval process, ensure you have the following documents ready:
- Most recent 12 months bank statement (Downloadable from your bank app)
- CAC (Corporate Affairs Commission) certificate
- CAC document showing shareholding structure
- Passport photograph of all company directors
- Valid means of identification of all company directors
- Proof of rental payment/ownership of business location
- Copy of your license
- Stock report of the healthcare business
Submit Your Application
Once you’ve gathered all the necessary documents, the next step to take is to submit your application through the online portal.
Approval and Disbursement
Our team will carefully analyze your documents, and if you qualify for the requested amount, your application will be approved. Loans are disbursed within 48 hours, allowing you to put the funds to work for your business without delay.
Conclusion
The healthcare financing sector in Nigeria has yet to reach its full potential and access to capital can make all the difference between stagnation and growth for businesses.
With Provider Advance from NucleusIS Africa, healthcare business owners now have a viable solution to secure the funding they need to expand their operations, invest in equipment, hire skilled personnel, and ultimately provide better care to their patients, ensuring better health outcomes.
If you found this article useful, check out this insightful piece about expanding your hospital with healthcare financing.
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