Apply - SMEDAN/Sterling Bank N5 Billion Loan For MSMEs

Apply - SMEDAN/Sterling Bank N5 Billion Loan For MSMEs

In today's Latest Business loan news, we will be updating you on how to apply for the SMEDAN/ Starling Bank N5 Billion Loan For Small Businesses. So keep reading!

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.

You may want to also check out How To Benefit From SMEDAN Programs

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.

How to apply

Loan Applicants can fill out the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Loan Application Form via this link https://sterling.ng/smedan

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.

Please kindly share this information with those who might need this loan to apply.

You may want to also read FG Open Startup Support and Engagement Application Portal