Why Need A Loan For Your Business In Nigeria.
Business loans give you the opportunity to expand your business and generate more income from your business.
You started a new business and you think it requires additional capital before it grows, there are business loans that got your back.
What if you have already made business that needs more money for expanding just like old saying : the higher we invest the more profit it comes out. Then this article loans for business in Nigeria is for you.
Best Loans For Large And Small Scale Business In Nigeria ( Bank Loans / Website And Apps).
1. Lapo Microfinance Bank
Lapo Nigeria is one of the best business loan providers in Nigeria designed to meet the capital needs of small and medium scale entrepreneurs who require more funds for expansion.
Their loan Facility range from: N50,000 (minimum) to N500,000 (maximum) which is more suitable for any large or small scale business owner.
Their business loans goes to business Individuals with a duration of 1-12 months, and also Grace period of 1 month.
Benefits Of Taking Lapo Business Loan In Nigeria?
1. No collateral
2. Access to funds for business expansion
3. Access to other loan products
4. Flexible repayment structure
5. Training on basic financial management, business planning and customer relations
6. Low interest rate
7. Expert financial advice available.
Lapo Business Head Office In Nigeria:
Their office is located at 18, Dawson Road,
P.M.B. 1729, Benin City, Edo State, Nigeria. West Africa. You can also reach them on Phone: +234-52-882168-9.
You can also visit their head office at Irorun Plaza, 2nd Floor Kudirat Abiola Way, Oregun P.M.B. 1729, Ikeja, Lagos State.
You can reach them via email at info@lapo-nigeria.org
Their Call Centre Number: +234-813-984-0230, Landline: +234-816-938-9739
Requirements For Getting A Business Loan From Lapo Nigeria
1. Loan application letter
2. Duly completed application form
2 guarantors
3. A valid means of ID (national ID, driver’s license, voter's card or international passport)
4. Current utility bill
5. 4 recent passport-size photographs.
2. StanbicIBTC Business Loan In Nigeria
Stanbic Ibtc bank Business Loan provides funds which you can repay over one to five years.
You repay the loan in monthly set installments. Whatever your business plans, their fixed or revolving business loans can help you reach your goals.
Why Get A Business Loan With Stanbic Ibtc.
1. When you use the loan to buy an asset, the asset becomes yours when you make the last payment.
2. The repayments are structured to suit your business' cash flow.
3. You’ll get access to affordable insurance for your loan.
What You Need To Apply For A Business Loan With Stanbic Ibtc.
• The full names and capacities of those who will sign
• CV of each member of the management team.
• The reason why you need the finance.
• Your business' financial statements, including an income statement, balance sheet and cash flow statements.
• Personal statements of assets and liabilities of all the partners, members or directors.
• A 12 month cash flow forecast.
• The amount of your own contribution and the source of the funds.
• If you do not have a business account with Stanbic IBTC Bank you must provide the business' bank statements for the past six months.
However, If your business needs short-term financing then a Fixed Term Loan (FTL) may be useful.
It’s a loan that offers you the same interest rate and repayments throughout the term of the loan.
This type of loan does not need any collateral and you will know the exact date on which the repayments end.
Visit the nearest Stanbic Ibtc Bank near you for more information.
3. UBA Business Loan
UBA bank business loan will give you the freedom to spend a little more on what you really want.
You may need some extra cash to fix your car, pay medical bills, expand your business or take care of other exigencies. How you chose to use your loan is up to you.
Benefits Of UBA Business Loan:
1. No deposit and invoices are required
Fast, simple and convenient
2. Convenient repayment terms
3. Competitive interest rates.
How To Apply For UBA Business Loan
Complete a UBA Consumer Loan Application form which you may download here or pick up from any of our branches,
Submit your application to the customer service officer in your branch.
4. GTBank Business And Personal Loan In Nigeria
GTBank personal loans provide you with the right financing for your personal needs while guaranteeing you all the security you are looking for.
You can Choose from their wide range of simple and straightforward loan offers for your Personal needs and the projects you care about.
GTBank Quick Credit
Whether you are a salary earner or self-employed, you can now get the cash you need instantly, and pay back over 6 - 12 months.
GTBank Quick Credit loan gives you funds up to N5million at an interest rate of 1.75% monthly.
No Hidden Charges.
Why GTBank Quick Credit Loan?
1. Up to N1 - 5 Million
2. Convenient repayment plan spread over 6 - 12 months.
3.At an interest rate of 1.75% per month.
How To Confirm If You Are Eligible For GTBank Quick Credit Loan In Nigeria.
On your phone quickly dial GTBank eligibility code *737*51*51#
To Get Started
Open a GTBank account and visit the nearest GTBank branch near you.
5. Quickteller Loan
Quickteller is one of the best business loan providers in Nigeria with instant cash loan deposit to your bank account in Nigeria.
You can request for a loan via their website https://www.quickteller.com/loan-request and get credited immediately after approved.
This loan is suitable for any business owner in Nigeria as you can request up-to 1million Naira loan from Quickteller.
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