Business and Finance

First Trader Solutions (FTS) Loan | How to Apply

The FirstTrader Solution is a Firstbank short-term overdraft facility offered to traders in pre-approved market locations and supermarkets that deal in fast-moving goods. It comes in two variants; the Main FTS (180-day variant) and the Exceptional FTS (90-day variant)


  • Available to traders that deal in fast-moving goods
  • Tenor is either 90 days or 180 days.
  • The minimum loan amount is N5 Million
  • No collateral is required for the 90 days variant
  • Collateral for the 180 days variant shall be an equitable mortgage on shop title documents to cover 200% of the facility amount.
  • Requires opening of a charged Savings Account with an opening amount of 5% of the facility amount. There will also be subsequent deposits as shown below:
  1. 0.5% of the loan amount daily throughout the tenor of the 180 days facility.
  2. 1% of the loan amount daily throughout the tenor of the 90 days facility.


  • Provides an opportunity for increased business turnover/volume through the injection of additional funds
  • The steady build-up of funds that can be used to either pay back the loan or plowed back into the business upon liquidation of the facility.
  • Easy repayment plan
  • No tangible collateral required.

How to Apply:

Interested traders should click on the link to apply:

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