Lendigo Requirements shows that business must be registered as an LLP (Limited Liability Partnership), PLC (Public Limited Company), or Ltd. (Private Limited Company) indicates that they prefer to work with legally registered entities
Introduction
Lendigo is a well-known loan company in Nigeria, especially in Lagos State. They offer loans without needing collateral, which means you don’t have to give them anything valuable to get a loan.
They focus mainly on giving loans to Small and Medium-sized Enterprises (SMEs), which are businesses that are not super big but still need help to grow.
People like Lendigo because they make getting a loan easier. You don’t have to worry about giving them something valuable, like your car or house, as security for the loan.
They understand that starting or growing a business can be tough, so they try to help by giving loans without making it too hard for you.
The Central Bank of Nigeria (CBN) recognizes Lendigo, which means they follow the rules set by the government to make sure they treat their customers fairly and safely. This makes people trust them more.
Lendigo has helped many businesses already. They’ve given out over N6 million in loans. That’s a lot of money! They’ve even worked with big companies like Jumia, which shows that they’re trusted by other businesses too.
If you have a small or medium-sized business and need some extra money to make it grow, Lendigo could be a good option for you.
They make getting a loan easier and safer, and they’ve already helped lots of other businesses like yours.
Been among the top firm in the Nigeria many people seek for Lendigo Loan Criteria and that’s why we have this content
We have contacted alo of sources regarding the rules and regulations of obtaining a loan in the firm and we are able to come up with a lot of information
So lets dive into their criteria
| Key Requirements |
| You must own a business |
| Your Business must make N500,000 monthly |
| Your business must be Registered |
| Your Business must worth over N12 Million |
History and Overview
Lendigo, led by CEO Vivian Offia, has been helping businesses for five years. They don’t need collateral or BVN. Instead, they look at your business to decide how much money you need. They only help businesses that are doing well.
They mainly work in big cities like Lagos, Abuja, and Port Harcourt. Lendigo has become a hope for people who want money for their businesses. They care more about your business’s future than its past.
Lendigo has helped many businesses grow. They’ve helped businesses hire more people and try new things. By giving money without asking for collateral or BVN, Lendigo has made it easier for people to start businesses.
People trust Lendigo because they understand each business’s problems. They’ve earned a good name by being helpful and understanding.
Lendigo is important because it helps the economy grow and encourages new ideas in Nigeria’s cities.
The main reason why we have this great content is for us to tell you all the criteria and all the rules and regulation of obtaining a loan from the firm so lets get to the main content right away
requirements
- Your company must be Ltd, LLc or Plc
Lendigo’s requirement that the business must be registered as an LLP (Limited Liability Partnership), PLC (Public Limited Company), or Ltd. (Private Limited Company) indicates that they prefer to work with legally registered entities rather than sole proprietorships or informal businesses.
- Your Bussiness must be two years old
Lendigo’s requirement for businesses to be at least two years old signifies their preference for working with established entities. This criterion ensures that supported businesses have demonstrated stability, viability, and a track record of overcoming initial challenges. By focusing on businesses with a minimum two-year operating history, Lendigo aims to mitigate risk, assess financial performance, and target companies with growth potential.
- Your Business must be making N500,000 Monthly
Lendigo requires that businesses demonstrate a minimum monthly turnover of ₦500,000. This criterion ensures that the businesses seeking funding have a certain level of financial activity, indicating their ability to generate revenue and manage their finances effectively.
- Your company must be buying goods worth over N1 Million monthly
Lendigo requires that businesses have a monthly purchasing activity of goods exceeding ₦1 million. This criterion ensures that the businesses seeking funding are actively engaged in significant commercial transactions, indicating their operational scale and potential for growth.