SME Loans

Access Bank Launches Portal For ‘Cash Flow’ Loans

Access Bank Plc has launched ”Cash Flow Loans by Access”, a digital lending portal to enable business owners obtain loans from the comfort of their homes and offices. This service, which is available to Small Business Owners who have established sufficient cash flow records with Access Bank, seeks to advance credit to small and medium … Read more

You Don’t Need Guarantor For Covid-19 Loans, Says CBN

The Central Bank of Nigeria (CBN) says that households and SMEs applying for the N50 billion COVID-19 Targeted Credit Facility would not be required to provide guarantors. A Central Bank of Nigeria twitter message (@cenbank) on June 8, 2020 says: ”CBN waives the requirement for the provision of guarantors by Households and SMEs applying for … Read more

IFC, Union Bank Support SMEs And Women-Owned Businesses With $25m

The International Finance Corporation (IFC), a member of the World Bank Group, is investing $25m local-currency investment in a risk-sharing facility to expand Union Bank Plc’s lending to small and medium enterprises (SMEs) in Nigeria. The facility will cover 50% of the risk of Union Bank’s loans to entrepreneurs to help grow their businesses and … Read more

Zenith Bank Offers N10m Loans To Z-Women

Zenith Bank Plc has introduced a special loan package to empower female entrepreneurs. The Z-Woman loan is a single digit facility for female entrepreneurs with no less than 55 percent equity in their businesses. The Z-Woman account holder is also entitled to free digital skills training and free exhibition stands at Zenith Bank events. Z-Woman … Read more

SMEs In The Health Sector To Receive Funding From Polaris Bank

Polaris Bank has introduced a new product called Polaris Health Sector Loan bundle as part of its measures to boost growth of SMEs in the Health Sector The product is designed to meet the funding needs of healthcare service providers in the country. The Group Head, Products and Market Development of Polaris Bank, Mrs. Adebimpe … Read more

Seven Online Lending Platforms That Give Quick Loans To SMEs

Over time, small businesses have expressed frustrations in their inability to secure extra funding or capital to start, run and grow the business. After all options have been exhausted, it now seems the only logical means is to get a business loan. But the difficulty in securing these loans have left many business owners hopeless … Read more

DBN Lends N100bn To 95,000 Enterprises

According to the Development Bank Of Nigeria (DBN), it has disbursed N100 billion loan to over 95,000 entrepreneurs this year accelerate Micro, Small and Medium Scale Enterprises (MSMEs) growth in the country. Tony Okpanachi, The Managing Director Development Bank Of Nigeria, disclosed this on Tuesday at the maiden summit of the bank held at the … Read more

Airtel In Partnership With Ecobank To Offer Loan To Their Customers

Telecommunication Company Airtel Africa and Ecobank have reached an agreement to offer loans to Airtel customers. This partnership is not the first of its kind as Diamond Bank (now Access Bank) and MTN Nigeria are also into partnership. The partnership will see Ecobank Transnational Incorporation (ETI) financing Airtel’s mobile money service called Airtel Money after … Read more

FG Calls On States To Access N1.5bn Agric Loan

The Federal Government has called on all states to embrace the Accelerated Agricultural Development Scheme and take advantage of the opportunity to access N1.5bn Agric loan. A meeting of the Joint Planning Board and National Council on Development Planning was held on Wednesday in Asaba. At the opening ceremony, The Permanent Secretary of the Ministry … Read more

Sterling Bank To Disburse N10bn Loan To Farmers

Sterling Bank Managing Director and Chief Executive of Sterling Bank Plc, Mr. Abubakar Suleiman, disclosed in a recent interview the bank’s plans to disburse loans worth N10bn to farmers. The bank recently launched a platform called SABEX in partnership with AFEX Commodities Exchange and Binkabi – a digital platform. He said the initiative will allow … Read more