FirstBank LPO Finance Fuels Nigerian SMEs with Fast 70% Order Funding
FirstBank LPO Finance keeps Lagos and Abuja SMEs trading by funding up to 70% of supplier costs with quick 90-day loans and a straightforward application for businesses under N500 million

How FirstBank LPO Finance Works for Nigerian SMEs
FirstBank LPO Finance helps Lagos and Abuja SMEs fund supplier orders by advancing up to 70% of supply costs. The facility is a short-term loan targeted at retail businesses with annual turnover up to N500 million, designed to keep trade moving without tying up working capital.
The typical tenor is 90 days with an optional 60-day renewal, making it ideal for contract-driven purchases and quick-turnaround supply chains. The loan is backed by an irrevocable tripartite domiciliation agreement among the beneficiary, FirstBank and the hiring company, and the employer must be on FirstBank’s approved Principals list.
Who Qualifies and What Documents You Need
Eligible borrowers are Nigerian SMEs with turnover not exceeding N500 million and valid Local Purchase Orders or contract awards from approved Principals. This focus ensures FirstBank targets genuine, revenue-generating contracts rather than speculative borrowings.
Prepare contract papers, bill of quantities, evidence of similar executed contracts and any approvals required by government agencies. Bringing complete documents when you walk into a branch speeds approval and helps you access up to 70% of supplier costs quickly.
Benefits, Costs and Practical Considerations
FirstBank LPO Finance provides fast access to cash, improved cash flow, and the ability to accept larger orders without straining your working capital. For many business owners in Nigeria, that means never turning away a buyer because of lack of funds.
On the flip side, you must accept domiciliation of contract proceeds and deal only with hiring companies on FirstBank’s Principals list. Still, the benefits of covering up to 70% of supply costs for 90 days often outweigh these conditions for growing SMEs.
How to Apply and Tips to Get Approved
Download the Retail Loan Application Form from FirstBank’s website or visit your nearest branch to submit the form and supporting documents to the Retail Team. A clean, complete submission leads to faster underwriting and disbursement.
Tip: maintain clear records of previous contracts and proof of delivery performance to strengthen your application. Use LPO Finance strategically—match loan tenor to contract payment timelines to avoid rollover fees and preserve good banking relationships.