Guaranty Trust Bank The Creative Industry Financing Initiative
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Guaranty Trust Bank The Creative Industry Financing Initiative
Send an email with your business proposal and all other supporting documents for your initiative.
| Features | Student Software Development Loan | Movie Production | Movie Distribution |
|---|---|---|---|
| Single Obligor Limit | N3million | N50million | N500million |
| Interest Rate | 9% per annum | 9% per annum | 9% per annum |
| Tenor | 3 years | 10 years | 10 years |
| Moratorium | 9 months from date of disbursement | 24 months from date of disbursement | 24 months from date of disbursement |
| Repayment | Monthly | Quarterly | Quarterly |
| Security Arrangement | Minimum Equality Contribution (0%), University Degree, NYSC Certificate, Credible Guarantor, Personal Guarantee | Minimum Equality Contribution (30%), Legal Mortgage, All asset debenture, Credible Guarantor, Personal Guarantee | Minimum Equality Contribution (30%), Legal Mortgage, All asset debenture, Credible Guarantor, Personal Guarantee |
| Other Conditions | Must gain admission into a training organisation that has job placement contracts. No bad credit history with CRMS or any commercial bank in Nigeria bank. Preference for areas with low IT penetration | Minimum of 3 years relevant experience. No bad credit history with CRMS or any commercial bank in Nigeria bank. Preference for areas with low cinema penetration. | Minimum of 3 years relevant experience. No bad credit history with CRMS or any commercial bank in Nigeria bank. Preference for areas with low cinema penetration. |
| Funding Structure | Minimum Equity Contribution (0%). DMB (Term Loan) – 100% | Minimum Equity Contribution (30%). DMB (Term Loan) – 70% | Minimum Equity Contribution (30%). DMB (Term Loan) – 70% |
| Features | Fashion | Information Technology | Music |
|---|---|---|---|
| Monetization | Equipment Purchase, Rental/Service fees | Equipment Purchase, Rental/Service fees | Equipment Purchase, Rental/Service fees |
| Interest Rate | 9% | 9% | 9% |
| Tenor | 10 years | 10 years | 10 years |
| Moratorium | 36 months from date of loan disbursement | 36 months from date of loan disbursement | 36 months from date of loan disbursement |
| Repayment | Quarterly | Quarterly | Quarterly |
| Security Arrangement | Minimum Equity Contribution (20%), Mortgage Debenture, Legal Mortgage, Lien on stock of trade and items of equipment. | Minimum Equity Contribution (20%), Mortgage Debenture, Legal Mortgage, Lien on stock of trade and items of equipment. | Minimum Equity Contribution (20%), Mortgage Debenture, Legal Mortgage, Lien on stock of trade and items of equipment. |
| Other Conditions | At least three (3) referrals from recognised sponsors or bodies or organisation, Minimum of three years (3) relevant experience, No bad credit history with CRMS or any commercial bank in Nigeria. | At least three (3) referrals from recognised sponsors or bodies or organisation, Minimum of three years (3) relevant experience, No bad credit history with CRMS or any commercial bank in Nigeria. | At least three (3) referrals from recognised sponsors or bodies or organisation, Minimum of three years (3) relevant experience, No bad credit history with CRMS or any commercial bank in Nigeria. |
| Funding Structure | Minimum Equity Contribution (20%). DMB (Term Loan) – 80% | Minimum Equity Contribution (20%). DMB (Term Loan) – 80% | Minimum Equity Contribution (20%). DMB (Term Loan) – 80% |
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