How to Get Loan for Startup Business in Nigeria (With Business Plan)

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Are you looking for how to get loan for startup business in Nigeria?

Frequently, when many small businesses may require extra funding or capital in terms of business loans to expand or keep the business going. And all other means of raising fund for your business has been exhausted, the best alternative is to consider getting a business loan. But many small business owners view the lending process as complicated and frustrating especially when approaching Banks for such finance.

With the arrival of new players in Nigeria’s FINTech industry, business owners can now secure a quick loan for their business through online lending platforms.

 

In this post, we listed the top 10 online lending platforms for quick loans for start-up businesses in Nigeria.

 

     PLATFORMS THAT LEND MONEY IN NIGERIA

 

  1. AELLA-CREDIT

Aella Credit is an employee lending and empowerment platform that make it easier for individuals in Africa to gain access to financing. the company has affiliated with three main credit bureau agencies in Nigeria to accommodate quick and affordable loans with no paperwork to its users.

Aella Credit uses a proprietary credit scoring algorithm which was built after the team gathered over five years of market data and analysis, processes an applicant’s eligibility for a loan by considering social and demographic factors as well as their debt to income ratio to determine the creditworthiness of its users.

     

    2. LYDIA.CO

    Lidya is an online lending platform where business owners can obtain finance for a period of time. Lydia offers small and medium-sized business owners unsecured loans ranging from $500-$15,000.

    “Lidya uses technology and algorithms to assess the risk before granting the loans, it allows them to offer financial products to these customers at a low cost” says Lydia Founders

     

    3. KIAKIA.CO

    KiaKia is peer-2-peer digital lending for business owners in Nigeria. KiaKia utilises psychometry, big-data, machine learning and digital forensics for its proprietary credit scoring and credit risk assessment algorithm to implement direct and peered personal and business loans to millions of individuals and SMEs without collateral or any official document.

    The word Kiakia meaning ‘Fast Fast’ was coined from a Nigerian language. According to the platform, the solution is very simple and fast, but highly effective and efficient.

     

    4. CARBON (formerly PAYLATER)

    Carbon (formerly Paylater) is an online lending platform that gives individuals and small business owners access to finance to cover unexpected expenses or urgent cash needs in Nigeria.

    On the Carbon platform, you can access up to 500,000 Naira loans with no collateral. Once your application is approved, funds are typically delivered within 1 – 3 business days of approval. Making on-time repayments can grant you access to higher credit limits for your next loan.

     

    5. GROFIN

    GroFin is a money lending platform that provides Small and Medium Enterprise (SME) finance/business loans across Africa & the Middle East. GroFin way out if you planning to expand your business and you have investible numbers.

    The platform provides business owners with loans ranging between $100,000 and $1.5 million.

     

    6. C24

    C24 is a microfinance establishment instituted with the mission to create a platform for individuals to actualize opportunities around them, by providing them with cash loans when needed.

    C24 on like other loan companies understands the need for quick cash loans and the necessity of quicker loan processing time by helping applicants avoid the stress associated with the online loan process.

     

    7. QUICKCHECK

    QuickCheck is an online lending platform for both individuals and small business owners. QuickCheck provides individuals and small businesses financial credit with the use of mobile technology.

    The platform provides its users quick and easy access to loans of up to 30,000 Naira without any collateral for a duration of 15 to 30 days.

     

    8. ONE-FI

    OneFi formerly known as One Credit is a credit bureau company that offers short-term consumer loans to eligible individuals with bound access to finance.

    One Credit loan repayment period is typically between 3 – 12 months, with ranging loan amounts of N40,000 – N2 million.

     

    9. ZEDVANCE

    The list ends with Zedvance, a consumer finance company that pledged to provide consumer credit to individuals. with Zedvance you can obtain up to a 3 Million Naira loan within the time frame of 24 hours.

    The organization specially provides loans to employees with a side business, you can choose the deal to finance your business use.

     

    10. SMEDAN

    SMEDAN is a quick and easy business loans provider that offers Nigerian SME’s businesses funds to cover their need, it is a government-backed initiative. This organization focus on promoting entrepreneurship in Nigeria and also give capital to business starters.

    Additionally, SMEDAN accommodates business owners with hands-on training and support to help them operate the kind of business they dream of.

     

    Now that you know how to get loan for startup business in Nigeria.

    Looking for a business plan to support your loan application in Nigeria or anywhere globally?

    We have all types of business plans including (farming, livestock, hotel, IT, logistics rice, flour, restaurant, bakery, etc)

     

    How To Download Any Business Plan of Your Choice for loan for startup business in Nigeria PDF and Doc (With financial analysis)

    Pay the sum of N5000 (Five thousand naira only) to the account detail below:
    Bank: GTBank
    Name: Oyewole Abidemi (I am putting my name and not our company account so you know I am real and you can trust me, and trace me)
    Ac/No: 0238933625
    Type: Saving

    P.S: We can also tailor the business plan to your name, business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for inquiries.

    Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the Business Plan to your email address where you can easily download it.

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