Small Business Loan (SBL) is designed to meet the capital needs of small and medium scale entrepreneurs who require more funds for expansion.

  • Facility range: N50,000 (minimum) to N500,000 (maximum)
  • Methodology: Individual
  • Duration: 1-12 months
  • Grace period: 1 month


  • No collateral
  • Access to funds for business expansion
  • Access to other loan products
  • Flexible repayment structure
  • Training on basic financial management, business planning and customer     relations
  • Low interest rate
  • Expert financial advice available

  • Loan application letter
  • Duly completed application form
  • 2 guarantors
    • A valid means of ID (national ID, driver’s license, voter's card or international    passport)
  • Current utility bill
  • 4 recent passport-size photographs
  • Loan Calculator

1. Q: Do I need collateral before I can access this loan?
A: No. You do not need collateral as a condition but two guarantors that can stand as your surety in case of default.
2. Q: Can I re-apply for a higher loan after the full repayment of the previous loan?
A: Yes. You can have access to a higher loan depending on the previous repayment performance.
3. Q: Can I reduce the repayment duration?
A: Yes. You can reduce the repayment duration to the number of months that suits you
4. Q: Is this loan insured?
A: The loan is insured against death, fire in the business place or disability

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