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LOTUS BANK

Licensed by CBN

What is Leasing (Ijarah)?

Through Ijarah, we purchase assets like machinery or vehicles and lease them to your business for a set period. Ownership is transferred to you at the end of the lease, giving you full control after the lease term.

LOTUS COST PLUS

Benefits/Solutions to your Business

USE OF CRITICAL ASSETS

Vehicles, machinery without immediate purchase.

This allows businesses to use high-value assets like vehicles, machinery, or equipment without making an immediate purchase. You pay for the use of the asset overtime, with ownership transferred at the end of the lease period if desired.

Documentation Needed
  • Business Registration Documents: Proof of legal registration and operation of the business.
  • Tax Identification Number (TIN): For tax purposes and verification
  • Financial Statements: Recent financial statements (balance sheet, income statement) to assess financial health.
  • Business Plan or Proposal: Detailed plan outlining how the capital will be used and the expected outcomes.
  • Identification Documents: For key personnel or business owners.
LOTUS Assets Finance
LOTUS Assets Finance
Cost management with predictable lease payments.

Through predictable lease payments, you can manage costs effectively without worrying about large upfront payments. Leasing provides stability by spreading the cost of using critical assets over a fixed period.

Documentation Needed
  • Business Registration Documents : Proof of legal registration and operation of the business.
  • Tax Identification Number (TIN): For tax purposes and verification
  • Business Plan or Proposal: Detailed plan outlining how the capital will be used and the expected outcomes.
  • Financial Statements : Recent financial statements to assess financial stability.
  • Asset Details (for Leasing) : Information about the asset being leased, including specifications and intended use.
  • Identification Documents : For key personnel or business owners.
Flexibility to scale your operations as your business grows.

Leasing allows you to scale your operations by accessing the necessary equipment without large upfront investments. Working capital financing can also support growth by providing funds to manage additional operational costs as the business expands.

Documentation Needed
  • Business Registration Documents : Proof of legal registration and operation of the business.
  • Tax Identification Number (TIN): For tax purposes and verification
  • Business Plan or Proposal: Detailed plan outlining how the capital will be used and the expected outcomes.
  • Bank Statements (for Working Capital Financing): Recent bank statements to evaluate cash flow and account activity.
  • Financial Statements : Recent financial statements to assess financial stability.
  • Asset Details (for Leasing) : Information about the asset being leased, including specifications and intended use.
  • Identification Documents : For key personnel or business owners.
LOTUS Assets Finance

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