FCMB SMEs N500K Development Loan is accessible for the purpose of SME development in Nigeria. Nigerians needing special funding for SME development has the opportunity to benefit from the loan scheme.
Categories of SMEs Loan – FCMB SMEs N500K Development Loan
1. SME Development Finance Facility
Whether office or warehouse space, we can provide the finances required to help businesses acquire their own facilities.
This is asset finance for acquisition of commercial properties. To assist businesses, break free of restrictive lease agreements through acquisition of commercial properties such as office buildings, shopping centers, industrial warehouses, or apartment complexes suited to your budget and with the ease of long term repayment.
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| Target Market | Traders |
| Tenor | Maximum 36months |
| Amount | Minimum N500,000 |
| Interest Rate | Competitive |
To finance acquisition of new assets for the day to day business of SMEs. SMEs in all eligible industries including but not limited to Retailers, Wholesalers, Distributors, Manufacturers, Importers etc. the credit gives your business the opportunity to acquire that important machinery or equipment to increase efficiency and productivity.
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Moratorium and risk sharing are available
How To Apply
Formal request letter is to be submitted to the Relationship Manager at the nearest FCMB Branch or
send an e-mail to SMEhelpdesk@fcmb.com
Our Working Capital solutions are designed either as term or overdraft to support businesses with finance to free up their equity fund and still satisfy both maturing business operational finance obligations and planned expenses.
This way, day to day activities can continue without a hitch.
Overdraft Loan
| Target Markets | Traders |
| Tenor | 30 to 180 days |
| Amount | Minimum of N500,000
Maximum negotiable |
| Interest | Very Competitive |
Term Loan
| Target Market | Manufacturers, Wholesalers. |
| Tenor | 1 to 36 Months |
| Amount | Minimum of N500,000
Maximum negotiable |
| Interest | Very Competitive |
How To Apply
Formal request letter is to be submitted to the Relationship Manager at the nearest FCMB Branch or
send an e-mail to SMEhelpdesk@fcmb.com
4. SME INVOICE DISCOUNTING FINANCE (IDF) FACILITY
To finance invoices issued by potential SMEs to eligible counterparties, SMEs operating within the service industry with diversified sources of income. These facilities allow your business to get prompt payment while we discount its invoice.
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5. SME LOCAL PURCHASE ORDER (LPO) FINANCE FACILITY
To finance Local Purchase Order (LPO) issued to SMEs operating within the service industry with diversified sources of income. It a short term financial option that provide your business with capital to pay suppliers upfront for verified purchased orders.
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For More or How to Apply
Visit FCMB SMEs Loan to apply
