Is Your Business Loan-Ready? a 10-Minute Self-Check
What our credit committee actually looks at, and how to strengthen a weak file before you apply.
Most loan rejections aren't about the business, they're about the file. Here's the self-check our own credit officers recommend before you apply.
1. Can You Show the Money Moving?
A savings record is the strongest evidence a business generates cash. Even three months of consistent deposits into your ADCCUL account tells the committee more than any business plan.
2. Do You Know Your Number?
"As much as possible" is not an amount. Loan-ready businesses ask for a specific figure tied to a specific use: 400,000 FCFA for stock before the December rush; 1.2M for a second freezer. Use the loan calculator to check the repayment fits your monthly margin.
3. Is the Repayment Source Separate from the Loan's Purpose?
If the loan itself must generate its own repayment immediately, the plan is fragile. Committees favour loans repaid from existing income while the new investment matures.
4. Who Stands with You?
Guarantors, group members, or a Diaspora relative willing to guarantee through the Uplift Account all reduce risk, and interest wasted on risk premiums.
5. Is Your Paperwork Boring?
Boring is good: consistent name spelling, a valid ID, a simple localization plan. Surprises in paperwork become delays in disbursal.
Score 4/5 or better? Start your application, or book a free consultation and we'll strengthen the file together.