Applications that did not meet credit or risk policy.
| Applicant | Target | Requested | Reason | Category | Decision | Reapply | Notes |
|---|---|---|---|---|---|---|---|
| Kestrel Holdings | Meridian Packaging | ₦640M | Debt-service < 1.2x | Financial | 02 Nov | In 6 months | Buyer equity too thin |
| Concordia Equity | Bluefield Technology | ₦260M | Withdrawn by applicant | — | 12 Oct | Any time | Redirected to venture partner |
| Applicant #FA-2544 | Ceramics Ltd | ₦480M | Sector policy | Policy | 28 Oct | No | Sanctioned sector adjacency |
| Applicant #FA-2521 | GreenBasket | ₦320M | Collateral gap | Security | 20 Oct | In 3 months | Insufficient debenture |