Here is a list of banks in Nigeria that offer financial support to small businesses. Should you own a small business operating in Nigeria, please pay attention to what I am about to reveal right in this article.
These are lists of banks in Nigeria that support small businesses, should you be considering opening a business bank account with any of the listed banks in Nigeria.
Going with any of these banks may be your best option. Reasons being that. They normally support small businesses with financial training, grants, or friendly loans incentives.
The List Are As Follows
1: Stanbic IBTC. Stanbic IBTC is one of the top banks in Nigeria, supporting small businesses, what they offer mostly are: Business loans, trade finance, and SME capacity-building programs.
2: AB Microfinance Bank. Also, support small businesses in Nigeria. You can search for any branch closest to you and make more inquiries, ask them for their incentives to small-scale business enterprises, and you will be amazed.
Normally, AB Microfinance Bank offers Microloans and quick financing to small businesses in Nigeria
3: Fidelity Bank. Fidelity Bank is an SME Hub with loans, grants, and training for Nigerians, here, they will not only offer you financial support, but they will also train you, guide you into making the right investment and boosting your business to earn more.
You can as well visit any of the Fidelity Bank branches close to you and make inquiries on their SME Hub incentives to small businesses in Nigeria
4: Wema Bank. Wema bank has what they call “ALAT for Business”, which is a fully digital platform for SMEs with financial incentives to small businesses.
Yes, they also offer training. Visit any of the Wema bank branch nearest to you for more inquiries and how you can enrol into their “ALAT for Business Program”
5: Sterling Bank. Sterling Bank is more focused on Agriculture, Health, Education, Renewable Energy, and Transport (HEART sectors).
So should your business niche fall in any of these areas, you may consider approaching Sterling Bank for small business financial support.
6: Jaiz Bank. Just as the name Jaiz sounds, this bank came with a lot of goodies to not just small businesses in Nigeria but to Nigerians at large.
The bank is doing well with packages like Sharia-compliant financing for small businesses, with a focus on ethical banking. They are one of the best with it comes to Sharia-compliant financing for small businesses across the country
7: Union Bank. Union Bank has a financial model for small businesses in Nigeria called Union360, an SME digital platform, plus low-interest loans for businesses across Nigeria
8: FairMoney MFB. FairMoney MFB offers Quick business loans and SME credit access, should you have a functional small business in Nigeria and need this incentive, you may approach any nearest branch to you and make further inquiries.
9: Titan Trust Bank. A fast-growing bank offering modern SME banking services, to small businesses in Nigeria as well.
10: Accion Microfinance Bank. Also provides quick, small loans to micro and small businesses in Nigeria.
11: FCMB. FCMB offers BizZone and SME loans, plus training for entrepreneurs, business owners across Nigeria, should you’re interested, you can visit any FCMB branch nearest to you for more inquiries.
12: Globus Bank. A new generation bank with SME-friendly digital banking incentives for both entrepreneurs, business owners, start up and general small-scale business in Nigeria.
13: Providus Bank. Providus Bank offers modern, digital-first solutions for entrepreneurs, business owners, and startups across Nigeria. Their modern digital first solutions for entrepreneurs are well-suited.
14: Moniepoint MFB. Lastly, on our list for the day is Moniepoint MFB. Very popular with small businesses, they provide POS terminals, loans, and business accounts for entrepreneurs, business owners across the country in Nigeria, and thousands of businesses/people are already leveraging such an offer. In Northern Nigeria, they have really done so well and beyond.
Just as the saying goes, information is powerful, maybe you have a striving business idea, but lack financial support. There are ways in which you can still push and get financial support for such business ideals.
The fact that you have ideas is never enough, actions are everything. Should you have a startup idea but your problem is finance, we NL SOFT publisher of Nairalearn.com can only advise you to proceed with the little money you have, incorporate your business name or company with CAC, and depending on the business model, you can as well proceed by starting the business with the little you have
Then develop a working plan and proceed to any of these banks in Nigeria and make more findings. ASK THEM ABOUT THEIR Financial Incentives to small businesses in Nigeria, and I bet you, you will be amazed.
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These are one of the right leads databases containing business owners and companies listening in Nigeria, you need to promote your business targeting business owners in Nigeria.
ALSO READ: UBEC To Provide 47 Million Nigerian Pupils And Teachers With Preloaded Laptops And Tablets and stay on Naira Learn for more incentives.
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