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Posts tagged as “production business”

How To Get Equipment Loan from Microfinance Banks In Nigeria

How To Get Equipment Loan from Microfinance Banks In Nigeria – A lot of times, you can’t get access to the right resources to run your business the way you’d like. Microfinance banks in Nigeria, however, can help you get equipment loan which will enable you to get the right machinery and technology to be able to run your business efficiently and effectively as well as improve your overall productivity as a business owner. In order to get equipment loan from microfinance banks in Nigeria, here are the steps you need to follow and the tips you need to keep in mind.

Bank Of Industry Manufacturing Loan Requirements

Bank Of Industry Manufacturing Loan Requirements  – The Bank of Industry (BOI) is a financial institution that provides loans to business owners in Nigeria. One of the loan products the BOI offers is called the manufacturing loan which provides manufacturers with funds of up to $10million at %8 interest rate per year and no collateral requirement. To be eligible to apply for this loan, you must be the owner of an active Nigerian business, meet certain income requirements as stated below.

FCMB Bank SME Asset Finance Loan Requirements and Application

At FCMB Bank we aim to finance acquisition of new assets for the day to day business of SMEs in Nigeria. SMEs in all eligible industries including but not limited to Retailers, Wholesalers, Distributors, Manufacturers, Importers etc. the credit gives your business the opportunity to acquire that important machinery or equipment to increase efficiency and productivity. The FCMB Bank SME Asset Finance Loan, which provides business owners with the opportunity to borrow from ₦500,000 to ₦3 million with flexible repayment options and at a competitive interest rates for 12- 48month tenor. 

First Bank SME Products Financing Loan – Requirements and How to Apply

First Bank SME Products Financing Loan is a loan that has been specifically designed to aid the Small and Medium Scale Enterprises (SMEs) in starting up, expanding or improving their businesses. Available to Micro-Enterprises with turnover of N1m and below, the First Bank SME Products Financing Loan can be used to finance raw materials and/or finished goods to be sold in Nigeria or abroad.