SMEDAN and Sterling Bank Plc hereby announce the commencement of the SMEDAN/Sterling Bank Matching Fund Programme for Nano, Micro, and Small Enterprises.
This intervention is to deliver credit to the sub-sector in six selected States, as a promotional mechanism to enhance enterprise output, competitiveness, and job creation. The disbursing entity, under the program, shall be Sterling Bank Pic.
How to Get SMEDAN ₦500,000 – ₦2.5M Matching Funds by Sterling Bank
- Target Beneficiaries Definition: Target beneficiaries for this Programme shall be Nano, Micro, and Small Enterprises (NMSEs) operating in the real sector with value-added agricultural products.
- Financing available under the program: Prospective beneficiaries may apply for financing within the range of N500 Thousand to N2.5 million.
- The interest rate applicable to all financing under this program shall not exceed a single digit per annum.
- The financing tenor is for a maximum period of 30 months, effective from the date of the first disbursement. This is inclusive of a moratorium (which may vary between 3 – 6 months, depending on the type of enterprise.
How to Get SMEDAN ₦500,000 – ₦2.5M Matching Funds
Interested persons can >>Click Here to Submit Your Application<<