SMEDAN and Sterling Bank N5Billion Loan for MSMEs. Have you heard about the ongoing low interest loan opportunity for Medium, Small and Micro Enterprises in Nigeria? Check out this opportunity below and apply for a loan to take your business to new heights.
SMEDAN and Sterling Bank N5Billion Loan for MSMEs
We will be showing you a step by step guide on how to apply for the SMEDAN/ Starling Bank N5 Billion Loan For Small Businesses. See full details contained on this page.
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is partnering with Sterling Bank to provide a total of five billion naira in loans to MSMEs. The two organizations came together to sign the Memorandum of Understanding (MOU), on Wednesday, November 22, at SMEDAN Corporate Headquarters in Idu, Abuja.
According to SMEDAN, businesses can apply for funds ranging from #250,000 to #2,500,000 depending on the status of the business records. Once repayment is concluded such MSMEs are qualified to take a higher sum to support business growth or expansion.
SEE ALSO: SMEDAN Entrepreneurship Program 2023 for Nigerians
How to apply for SMEDAN/Sterling Bank N5 Billion Loan For MSMEs
Loan Applicants can fill out the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Loan Application Form via this link https://www.smedan.gov.ng/smedansterling
This streamlined application is your gateway to financial support. Whether you’re starting a new venture or expanding your business, this form is designed to make the loan application process efficient and accessible. Apply today to unlock the possibilities for your future success.
I need money