Apply for SMEDAN CIP Business Loans

April 24, 2023 Radius Times News Comments Off on Apply for SMEDAN CIP Business Loans
SMEDAN CIP Business Loans

SMEDAN CIP Business Loans application is open for both start-up and existing business owners in all the 36 states of the federal and the federal capital territory (FCT).

Welcome to the official credit information portal powered by Smedan. The Idea of this website is to create a database of financial information in all the 36 states of the federation including the Federal Capital Territory (FCT), Abuja so as to ease up the task of sourcing for information regarding available credit facilities for Micro, Small and Medium enterprises (MSMEs).

The Portal provides an information pool that will assist Enterpreneurs make informed decisions in getting loans and credits from financial institutions within their locations.

Apply for Access up-to N3 Million Credit Nigeria Youth Investment Fund

Objectives Of The SMEDAN CIP Business Loans

  • To identify the types of credit facilities available in the financial institutions in each state
  • Find out if there are credit facilities specially tailored for women by financial institutions as well as the challenges faced
  • To inform the public about the available credit facilities, as well as to access the extent to which the public respond to these facilities
  • Find out the ease of accessibility of the different categories of the available credit facilities
  • Identify the cost of credit for different categories of credit facilities and for each range of amount and tenure.

How to Apply for SMEDAN CIP Business Loans

Anyone interested in SMEDAN CIP Business Loans should click the link to apply.

SMEDAN CIP Business Loans Frequently Asked Questions 

The credit information portal is a repository of information on the different providers of finance and terms and conditions for accessing finance.

There are majorly four types of loans you can access on this website; they are personal, business, Mortgage and credit. Whichever one you choose, will take you through a four stage process before you can access the information.
The first stage is by clicking on any of the loans of your choice (Personal, Business, Mortgage and Credit) which takes you to the second stage where you have to fill in a quick form to search for the required loan selected from stage one, The third stage shows you a list of loans that matches your search criteria and the final stage is to view the contact information of your required loan.

We are yet to develop direct linkages to the participating financial institutions so the loan application has to be made directly to the financial institution that best suits your need.

Financial institutions have listed the different kinds of products and services they are offering. These services include personal, business and cooperative loans.

The service is still in its pilot phase and it is currently limited to Kaduna, Lagos and Abuja. The initiative will be rolled out in other parts of the country after the initial phase.

We advise each business owner to request this category of information from each financial institution as requirements may vary. However, the common documents requested are the certificate of incorporation of your business, audited financial statements and bank account statements.

We advise each business owner to request this category of information from each financial institution as requirements may vary. However, the common documents requested are the certificate of incorporation of your business, audited financial statements and bank account statements.
SMEDAN CIP Business Loans
SMEDAN CIP Business Loans