Starting a new venture or expanding your business? Sterling, deeply committed to national development, has pledged N5 billion in single-digit loans to eligible SMEs. This strategic alliance has resulted in the establishment of a comprehensive database of SMEs, enabling tailored solutions and intervention programs that foster SME growth. You will need to register your business with the CAC to access the loan application and get your TIN from the relevant agencies.
The accounts of the business with Sterling or other banks will be analyzed based on our lending criteria before a decision is made on eligibility. There are no hidden charges. This loan is available to both Sterling and Non-Sterling account holders, however customers will be required to open and run Sterling Business Accounts after their loan applications have been approved.
For more information, please send an email to [email protected]. Self Service. Who We Are. Our Awards. Read Our Annual Report. Contact Us. Personal Self Service. The N5 Billion Loan Program. Single-digit interest rate facility. Learn More. What if you don't qualify? Our Pledge. Here's why you should seize this opportunity:. Affordable interest rates: Enjoy single-digit interest rates, making these loans an attractive and cost-effective financing option. Flexible repayment terms: Structured repayment plans tailored to your business needs, ensuring manageable installments.
Streamlined application process: Eliminate the hassle and complexity of traditional loan applications. Frequently Asked Questions. How can a customer access this loan? You will be notified as soon as the platform is open for application. Is this a grant for small businesses? Is this powered by the Federal Government? What type of businesses are eligible to apply?
Are there business types that are exempted? How are applications evaluated? Does the loan require collateral? What is the maximum amount a customer can get? What is the minimum amount a customer can get?
