Project Financing

Project Financing in Nigeria

There is a difference between a business that needs money and a business that has identified an opportunity it cannot yet fund. The second is what project financing exists for.

We provide structured funding for defined business projects — expansion, procurement, construction, equipment acquisition — with repayment built around the project's own cash flow and revenue milestones rather than drawn from your general operating revenue. That distinction matters: it means the facility is serviced by what it created, not by squeezing the rest of the business.

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What It Is

What Project Financing Is

Project financing is a facility for a specific, defined initiative with a scope, a costed budget, a timeline, and an identifiable repayment source. It is assessed on a per-project basis rather than on the applicant's general balance sheet alone.

Scope

Projects We Consider

  • Business expansion — new locations, increased capacity, entry into a new line
  • Construction and infrastructure-related works
  • Equipment and plant acquisition
  • Procurement for a defined commercial undertaking

Each is assessed individually for feasibility, projected returns, and risk.

Eligibility

Who Can Apply

Project financing is available to registered businesses. Contracts and projects of this nature are awarded to registered companies rather than to individuals, and our facility is structured accordingly.

Established businesses expanding, taking on new contracts, or investing in equipment are welcome to apply, as are businesses undertaking their first major project. A first project is not a disqualification — it simply means the proposal itself carries more of the assessment weight.

Industries

Industries We Work With

We finance across trading, manufacturing, services and infrastructure-related businesses. Eligibility rests on the strength of the project rather than the sector alone — a well-structured proposal in an unfamiliar industry will be considered more favourably than a weak one in a familiar sector.

Contribution

Applicant Contribution

In most cases, a contribution from the applicant is expected as part of the overall project structure. The exact requirement depends on the size and nature of the project, and is confirmed during assessment.

This works in your favour as well as ours: a contribution reduces the amount borrowed, reduces what is repaid, and demonstrates commitment to a project you are asking us to back.

Collateral

Collateral Is Required

All Swaco facilities are secured. Collateral is required in addition to the project documentation. We accept landed property, vehicles, gold, and other verifiable assets, with suitability confirmed by our credit team during the assessment.

Documentation

What to Submit

  • A clear project proposal or business plan
  • A detailed cost breakdown
  • A projected timeline with milestones
  • Company registration and supporting corporate documentation
  • Financial records — management accounts, audited accounts or bank statements
  • Collateral documentation

Timelines vary with project complexity and the completeness of the documentation. Well-documented proposals move faster through review — the assessment rarely holds up a project; incomplete paperwork usually does.

Sizing

How the Amount Is Determined

Financing is based on the project's scale and feasibility, the applicant's own contribution, and the outcome of our risk assessment. We size facilities based on what the project can realistically support, not on what the applicant requests.

Repayment

Repayment Structure

Repayment is aligned with the project's expected cash flow and revenue milestones, and agreed before disbursement. Where a project generates no revenue during a build phase, that is reflected in the structure rather than assumed away.

Oversight

Oversight After Disbursement

We maintain oversight throughout the life of the financed project. This safeguards the interests of both the client and the company and ensures variances are identified early enough to be addressed.

Need working capital against an order instead?

See our LPO financing in Nigeria.

View Financing Options
Why Swaco

Why Borrowers Choose Swaco

  • Lending in Nigeria since 1994. Swaco Nigeria Limited was incorporated on 6 April 1994 and has lent continuously for over three decades.
  • Licensed and regulated. RC 219583. We hold State Money Lending Licenses issued by the Akwa Ibom and Rivers State Governments.
  • Two offices you can walk into. Uyo and Port Harcourt.
  • No hidden charges. All applicable fees are disclosed before you accept an offer.
  • Terms built around your income. Repayment is set against what you earn and when you earn it.
FAQ

Frequently Asked Questions

Answers to what people most often ask before applying.

Project financing is a facility for specific, defined initiatives — from business expansion to infrastructure projects — with repayment typically structured around the project's cash flow rather than the company's general revenue.
No. Project financing is available to registered businesses. Contracts and projects of this nature are awarded to registered companies rather than to individuals, and our facility is structured accordingly.
Business expansion, procurement, construction, equipment acquisition and other commercially viable projects, each assessed individually for feasibility, projected returns and risk.
We work across trading, manufacturing, services and infrastructure-related businesses. Eligibility is assessed on the strength of the project rather than the sector alone.
In many cases, an applicant contribution is expected as part of the overall project structure. The exact requirement depends on the size and nature of the project.
Yes. All Swaco facilities are secured. Collateral is required in addition to the project documentation.
Yes. Established businesses and those undertaking a first major project are both welcome to apply. Where there is no project history, the proposal itself carries more of the assessment weight.
A clear project proposal or plan, cost breakdown, projected timeline, company registration and supporting business documentation, financial records, and collateral documentation.
Timelines vary with project complexity and documentation readiness. Straightforward, well-documented proposals move faster through the review process.
Yes. Oversight is maintained throughout the life of the financed project to safeguard the interests of both the client and the company.

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The information on this page is general in nature and does not constitute personalised financial advice. Terms, rates and eligibility are confirmed in writing before any facility is approved.

Swaco Nigeria Limited · RC 219583 · Licensed money lender, Akwa Ibom and Rivers States

Ready When You Are

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Bring us the plan and the numbers. Call +234 814 824 9650 or +234 802 571 2197 · WhatsApp +234 814 824 9650

Discuss Your Project Speak to a Loan Officer