BOA-SMEDAN Fund for Small Businesses portal is open. See how to successfully apply for apply for N5 Million BOA-SMEDAN Fund for Small Businesses in Nigeria. You can finally get the money you need to grow your business.
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BOA-SMEDAN Fund Registration
As stated above, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have started receiving applications from small businesses across the country as part of its N5 million matching fund programme. We will be guiding you on how to get this BOA-SMEDAN Fund in easy steps.
Who can Apply for BOA_SMEDAN Fund?
Applicants for the SMEDAN matching fund should be Nigerian micro or small businesses operating in the Federal Capital Territory (FCT), Oyo or Kaduna state. All businesses applying for the fund must be duly registered with the agency and have been assigned a SMEDAN Unique Identification Number (SUIN). CLICK HERE TO GET YOUR SMEDAN IDENTIFICATION NUMBER
Also, businesses should possess a Tax Identification Number and be registered with the Corporate Affairs Commission.
How to Apply for BOA-SMEDAN Fund
Before you BEGIN your application, please ensure that your business is registered with SMEDAN. If your business is not yet registered with SMEDAN, kindly go to the MSME registration portal to register- Click Here.
Here’s how to apply for the N5 million SMEDAN fund:
1. Apply through the BOA-SMEDAN Fund Portal
To begin your application, log on to the BOA-SMEDAN fund portal or https://www.simplifiedcredit.net/matching-fund/screening. All sections are required. Scroll down to continue.
2. Enter Personal Details
Fill in your first name and last name. Then enter your business email address. Do not use your personal email.
3. Supply Basic Information
Provide answers to each of the seven listed questions. The questions range from the number of employees at your organisation and business location to recruitment capacity post-loan and credit history. Tap on “Yes” or “No” to answer.
4. Answer Regulatory Compliance Questions
Answer questions showing whether you fulfill the eligibility criteria for the fund. In all, there are five (5) questions including those on the status of your SMEDAN registration, CAC registration and financial statements.
If your business is into food production/packaging, you should have a NAFDAC registration number for your products.
5. Complete Product Evaluation and Submit
This is the last stage of the application. Answer the questions based on the figures from your business operations.
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