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Office Call 0803 397 3772

3, Michael Fidelis Nwaefulu Street, GRA, Behind DSS Office, Asaba.

Loans

Start or expand your business with loans, grants and  government assisted support.

START OR EXPAND YOUR BUSINESS WITH LOANS GUARANTEED BY THE SMALL BUSINESS ADMINISTRATION. USE LENDER MATCH TO FIND LENDERS THAT OFFER LOANS FOR YOUR BUSINESS.

FIND LENDERS

DEMSMA helps small businesses get loans

DEMSMA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. DEMSMA reduces risk for lenders and makes it easier for MSMEs to access capital.

Counseling and education

Some loans come with continued support to help you start and run your business. To this end, DEMSMA provides business support and advisory services to MSMEs through it’s EDC al year round.

Unique benefits

Lower down payments, flexible overhead requirements, and no collateral needed for some loans.

Stay safe

Protect yourself from predatory lenders by looking for warning signs.

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FIND LENDERS

Get N50,000 to N5.5 million or more to fund your business

Loans from financial institutions range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with a DEMSMA-approved lender when requesting a loan. Your lender can match you with the right loan for your business needs.

Working capital

Like seasonal financing, export loans, revolving credit, and refinanced business debt.

Fixed assets

Like furniture, real estate, machinery, equipment, construction, and remodeling.

Eligibility requirements

Lenders and loan programs have unique eligibility requirements. In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates.        Normally, businesses must meet size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding. The lender will provide you with a full list of eligibility requirements for your loan. 

Be a for-profit business

The business is officially registered and operates legally.

The business is physically located and operates in Nigeria.

Have invested equity

The business owner has invested their own time or money into the business.

Exhaust financing options.