Business Loans in Nigeria

Reviews of SME and business loan providers in Nigeria: commercial banks, microfinance banks and fintech lenders offering working capital and growth financing.

Found 7 reviews

Sycamore.ng is a CBN-licensed digital lending platform in Nigeria that connects borrowers with institutional and individual lenders through a peer-to-peer model. The platform offers personal and busin…

  • Competitive rates relative to other digital non-bank lenders
  • Fully digital application with 24-hour approval and disbursement
4.3
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Specta is a digital lending platform created by Sterling Bank, one of Nigeria mid-tier commercial banks. Specta offers instant business and salary loans through a fully digital process without requiri…

  • No Sterling Bank account required: accessible to businesses with accounts elsewhere
  • Fully digital application process with 24-hour disbursement
4.2
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Lidya is a Nigerian fintech company that provides working capital loans to small and medium enterprises. Using data analytics and business account statements, Lidya makes fast credit decisions for SME…

  • Data-driven credit assessment using business bank statements rather than collateral
  • Higher loan amounts up to ₦10,000,000 for well-established businesses
4.2
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Baobab Microfinance Bank is a pan-African microfinance institution operating in Nigeria, Senegal, Mali, Madagascar, Ivory Coast and other African markets. Regulated by the Central Bank of Nigeria, Bao…

  • Pan-African institution with proven microfinance expertise across the continent
  • Business loans for both working capital and asset acquisition
4.1
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Zedvance Finance is a CBN-licensed consumer lending company in Nigeria that offers personal and salary-based loans. The company targets salaried employees and self-employed individuals with verified i…

  • Fast digital application with 24-hour disbursement for eligible applicants
  • No collateral required for personal and salary loans
4.1
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LAPO Microfinance Bank is one of the largest microfinance banks in Nigeria, serving low and middle-income individuals and small businesses since 1987. LAPO is regulated by the Central Bank of Nigeria …

  • Strong track record of serving underbanked and low-income communities since 1987
  • Loans available without formal employment: suitable for traders and artisans
4.0
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AB Microfinance Bank Nigeria is a subsidiary of Access Holding (formerly AccessHolding) and is regulated by the Central Bank of Nigeria. The bank specialises in providing microfinance credit to small …

  • Specialist SME lender with deep expertise in microfinance lending
  • Business loans structured around trading cycles and seasonal cash flows
4.0
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Guide: Business Loans in Nigeria

Reviews of SME and business loan providers in Nigeria: commercial banks, microfinance banks and fintech lenders offering working capital and growth financing.