The Small and Medium Enterprises Development Agency of Nigeria in partnership with Sterling Bank PLC, has officially commenced a matching fund Program for Agro-based SME
Applicants are advised to read through all the requirements and apply for the program, applicants can request funds from a range of N500, 000 to N2,500,000, with an interest rate below 9% per year
The Financing tenor of the loan is for a maximum period of 30 months effective from the first day of disbursement.
This is an inclusive moratorium which may vary between 3 to 6 months depending on the type of business or enterprise.
Application Requirements and Criteria
Applicants must possess the following documents
CAC Registration Documents or State Approved Registration and movable assets to be registered under the National Collateral Registry (NCR)
Pre-qualified applicants will be required to pay a processing fee of N10, 000 for the business plan template on the platform.