The Business Finance Agreement is a fundamental document used in Nigerian commercial lending transactions when a business entity seeks financing from a financial institution. It serves as the primary contract governing the lending relationship, incorporating requirements from Nigerian financial regulations, including the Companies and Allied Matters Act 2020 and Banks and Other Financial Institutions Act 2020. The agreement is essential for various financing purposes, including working capital, asset acquisition, expansion projects, or refinancing existing debt. It contains detailed provisions on facility terms, security arrangements, conditions precedent, representations, covenants, and enforcement mechanisms, tailored to comply with Nigerian law while following international banking practices. This document is particularly crucial in the Nigerian context where formal documentation of financing arrangements is required for regulatory compliance and enforcement.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of all parties to the agreement, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, including the purpose of the financing and brief description of the business relationship
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Facility Amount and Purpose: Specification of the amount being financed and its intended use
5. Interest and Fees: Details of interest rates, calculation methods, and all applicable fees
6. Drawdown Conditions: Conditions precedent and procedures for accessing the financing
7. Repayment Terms: Schedule and methods of repayment, including early repayment provisions
8. Security: Details of any collateral, guarantees, or other security arrangements
9. Representations and Warranties: Statements of fact and assurances given by the borrower
10. Covenants: Ongoing obligations of the borrower throughout the term of the agreement
11. Events of Default: Circumstances that constitute default and their consequences
12. Boilerplate Clauses: Standard legal provisions including notices, amendments, governing law, and jurisdiction
1. Currency Provisions: Required when financing involves multiple currencies or foreign exchange considerations
2. Islamic Finance Provisions: Required when the financing needs to comply with Islamic finance principles
3. Syndication Provisions: Required when the financing may be syndicated to multiple lenders
4. Tax Provisions: Detailed section required when complex tax implications exist or cross-border elements are involved
5. Insurance Requirements: Detailed section required when specific insurance coverage is crucial to the financing
6. Step-In Rights: Required when lender needs right to take control of certain assets or operations in specific circumstances
1. Drawdown Schedule: Detailed schedule of drawdown dates, amounts, and conditions
2. Repayment Schedule: Detailed amortization schedule showing payment dates and amounts
3. Security Details: Comprehensive list and description of all security assets and arrangements
4. Conditions Precedent: Checklist of all documents and conditions required before drawdown
5. Financial Covenants: Detailed financial ratios and thresholds to be maintained
6. Form of Drawdown Notice: Template for borrower to request drawdown of funds
7. Form of Compliance Certificate: Template for periodic certification of covenant compliance
Relevant legal definitions
Acceptance Letter
Account Bank
Additional Cost
Affiliate
Applicable Law
Authorisation
Available Facility
Banking Day
Borrower
Break Costs
Business Day
CAMA
Commitment
Compliance Certificate
Conditions Precedent
Default
Default Interest
Default Rate
Drawdown
Drawdown Date
Drawdown Notice
Encumbrance
Event of Default
Facility
Facility Amount
Facility Period
Fee Letter
Finance Documents
Financial Indebtedness
Financial Statements
Financial Year
Group
Guarantee
Interest Payment Date
Interest Period
Interest Rate
Lender
Material Adverse Effect
Naira
Obligor
Party
Permitted Security
Potential Event of Default
Prepayment Amount
Repayment Date
Repayment Schedule
Security
Security Documents
Security Provider
Taxes
Transaction Documents
Account Bank
Additional Cost
Affiliate
Applicable Law
Authorisation
Available Facility
Banking Day
Borrower
Break Costs
Business Day
CAMA
Commitment
Compliance Certificate
Conditions Precedent
Default
Default Interest
Default Rate
Drawdown
Drawdown Date
Drawdown Notice
Encumbrance
Event of Default
Facility
Facility Amount
Facility Period
Fee Letter
Finance Documents
Financial Indebtedness
Financial Statements
Financial Year
Group
Guarantee
Interest Payment Date
Interest Period
Interest Rate
Lender
Material Adverse Effect
Naira
Obligor
Party
Permitted Security
Potential Event of Default
Prepayment Amount
Repayment Date
Repayment Schedule
Security
Security Documents
Security Provider
Taxes
Transaction Documents
Clauses
Interpretation
Facility
Purpose
Drawdown
Interest
Fees and Expenses
Repayment
Prepayment
Security
Conditions Precedent
Representations and Warranties
Financial Covenants
General Covenants
Information Covenants
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Amendments and Waivers
Confidentiality
Anti-Money Laundering
Anti-Corruption
Force Majeure
Assignment
Severability
Counterparts
Governing Law
Dispute Resolution
Indemnities
Currency
Tax
Costs and Expenses
Facility
Purpose
Drawdown
Interest
Fees and Expenses
Repayment
Prepayment
Security
Conditions Precedent
Representations and Warranties
Financial Covenants
General Covenants
Information Covenants
Events of Default
Changes to Parties
Payment Mechanics
Set-off
Notices
Calculations
Amendments and Waivers
Confidentiality
Anti-Money Laundering
Anti-Corruption
Force Majeure
Assignment
Severability
Counterparts
Governing Law
Dispute Resolution
Indemnities
Currency
Tax
Costs and Expenses
Relevant Industries
Banking
Financial Services
Manufacturing
Real Estate
Agriculture
Oil & Gas
Telecommunications
Construction
Retail
Technology
Healthcare
Transportation & Logistics
Relevant Teams
Legal
Finance
Treasury
Risk Management
Compliance
Credit
Commercial
Corporate Secretariat
Business Development
Relevant Roles
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Banking Lawyer
Treasury Manager
Financial Controller
Risk Manager
Compliance Officer
Credit Manager
Commercial Director
Business Development Manager
Company Secretary
Finance Manager
Transaction Manager
Find the exact document you need
Simple Interest Loan Contract
A Nigerian law-governed agreement establishing terms for a loan with simple interest calculation, including repayment terms and party obligations.
find out more
Factoring Agreement
A Nigerian law-governed agreement establishing terms for the purchase of accounts receivable by a Factor from a Client, including pricing, procedures, and parties' obligations.
find out more
Employees Loan Agreement
A Nigerian law-governed agreement establishing terms for workplace loans between employers and employees, including repayment through salary deductions.
find out more
Co Financing Agreement
A Nigerian law-governed agreement establishing terms for multiple financial institutions to jointly finance a project, including contribution ratios, disbursement mechanisms, and inter-creditor arrangements.
find out more
Litigation Funding Agreement
A Nigerian law-governed agreement setting out terms for third-party funding of litigation, including funding commitments, returns, and risk allocation.
find out more
Loan Facilitation Agreement
A Nigerian law-governed agreement establishing terms for loan facilitation services between lenders and borrowers, ensuring regulatory compliance and defining party obligations.
find out more
Simple Loan Term Sheet
A Nigerian law-governed preliminary document outlining key commercial and legal terms for a proposed loan facility, serving as the basis for a detailed loan agreement.
find out more
Loan For Use Agreement
A Nigerian law-governed agreement allowing temporary, free use of an item or asset, with an obligation to return it in its original condition.
find out more
Hire Purchase Agreement For Car
A Nigerian law-governed agreement for the purchase of a vehicle through installment payments, with ownership transferring upon final payment.
find out more
International Loan Agreement
Nigerian law-governed agreement for international lending transactions, incorporating local regulatory requirements and international banking standards.
find out more
Film Financing Agreement
A Nigerian law-governed agreement setting out terms for film production financing, including investment structure, rights, and profit-sharing arrangements.
find out more
Undertaking Loan Agreement
A Nigerian law-governed loan agreement setting out terms, conditions, and undertakings between lender and borrower, with specific compliance requirements under Nigerian banking regulations.
find out more
Trade Finance Agreement
Nigerian law-governed agreement establishing terms for trade finance facilities between financial institutions and trading entities, incorporating local regulatory requirements and international practices.
find out more
Real Estate Loan Agreement
A Nigerian law-governed agreement establishing terms for a real estate-secured loan, including property security arrangements and regulatory compliance requirements.
find out more
Project Finance Contract
A Nigerian law-governed agreement establishing terms for project financing of large-scale infrastructure or development projects, incorporating local regulatory requirements and international best practices.
find out more
Official Loan Agreement
A Nigerian law-governed loan agreement establishing formal lending terms between parties, compliant with local banking regulations and financial laws.
find out more
Margin Loan Agreement
A Nigerian law-governed agreement establishing terms for margin lending facilities, including loan terms, collateral requirements, and regulatory compliance measures.
find out more
Loan Swap Agreement
A Nigerian law-governed agreement enabling the exchange of loan obligations between parties, including provisions for interest rate or currency swaps and regulatory compliance.
find out more
Financing Contract Agreement
A Nigerian law-governed agreement establishing the terms and conditions of a financing facility between lender and borrower, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Financial Support Agreement
A Nigerian law-governed agreement establishing terms for financial support between parties, including funding terms, repayment conditions, and regulatory compliance requirements.
find out more
Financial Assistance Agreement
A Nigerian law-governed agreement establishing terms and conditions for providing financial assistance, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Financial Agreement Between Two Parties
A Nigerian law-governed financial agreement template for structuring financial arrangements between two parties, ensuring regulatory compliance and clear terms.
find out more
Car Loan Agreement Between Individuals
A Nigerian-law governed agreement between private individuals for a car loan, establishing terms, conditions, and security arrangements for vehicle financing.
find out more
Car Loan Agreement Between Family
A Nigerian law-governed agreement formalizing a car loan arrangement between family members, including loan terms, vehicle security, and repayment provisions.
find out more
Car Installment Agreement
A Nigerian law-governed agreement for vehicle purchase through installment payments, detailing payment terms, ownership rights, and party obligations.
find out more
Car Finance Contract
A Nigerian law-governed agreement establishing terms and conditions for vehicle financing, including payment obligations, security interests, and regulatory compliance requirements.
find out more
Bridge Financing Agreement
A Nigerian law-governed agreement providing temporary financing to bridge gaps between immediate capital needs and long-term funding solutions.
find out more
Bridge Facility Agreement
A Nigerian law-governed temporary financing arrangement providing short-term funding while permanent financing is arranged.
find out more
Auto Finance Contract
A Nigerian law-governed vehicle financing agreement that structures the terms and conditions for vehicle purchase financing, ensuring compliance with local banking and consumer protection regulations.
find out more
Motorcycle Hire Purchase Agreement
A Nigerian law-governed agreement for motorcycle purchase through hire purchase arrangements, detailing payment terms, ownership rights, and obligations.
find out more
Tri Party Loan Agreement
A Nigerian law-governed agreement establishing a three-way loan arrangement between lender, borrower, and a third party, detailing loan terms and parties' obligations.
find out more
Standard Hire Purchase Agreement
A Nigerian law-governed agreement enabling purchase of goods through installments, with ownership transferring upon final payment.
find out more
Master Asset Finance Agreement
A Nigerian law-governed master agreement establishing terms for ongoing asset financing arrangements between a financial institution and borrower.
find out more
Development Credit Agreement
A Nigerian law-governed agreement establishing terms for development financing, including credit facility arrangements, project implementation requirements, and compliance obligations.
find out more
Consortium Loan Agreement
A Nigerian law-governed agreement establishing terms for a multi-lender loan facility, including syndication and security arrangements.
find out more
Small Business Loan Agreement
Nigerian-law governed loan agreement between a financial institution and small business, detailing loan terms, security, and obligations under CBN regulations.
find out more
Small Credit Agreement
Nigerian-law governed Small Credit Agreement template for structured small-scale lending transactions, compliant with local banking and consumer protection regulations.
find out more
Mortgage Loan Purchase Agreement
A Nigerian law-governed agreement for the sale and purchase of mortgage loan portfolios between financial institutions, including transfer and servicing arrangements.
find out more
Loan Agreement Between Lender Borrower And Guarantor
Nigerian law-governed loan agreement establishing lending terms between lender, borrower, and guarantor, with comprehensive security and obligation provisions.
find out more
Monthly Payment Plan Agreement
A Nigerian law-governed agreement establishing structured monthly payment terms between parties, including payment schedules, conditions, and regulatory compliance requirements.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)