What is a small business loan in Nigeria?

A small business loan is a sum of money you borrow designed specifically for small to medium sized enterprises (SMEs). This can be in the form of lump sum disbursal or a credit line.

Our SME business loans are available to all types of businesses in Nigeria from local traders, car dealers, salons, restaurants, startup businesses to property developers and can be used for any purpose including, to cover short term money needs, managing cashflow, for business expansion or to buy stock.

What types of business loans are available?

Asset Finance or SME Leasing

Asset finance allows some self-employed and CAC-registered SME business customers in Nigeria to finance the purchase of cars, commercial vehicles, inverters, generators, plant and machinery and other types of equipment needed for the smooth-running of their business.

Cashflow or Working Capital Loan

Cash flow loan is usually a short-term business loan to support your everday business activity. This type of loan can be used as an emergency loan, payday loan for employees or for daily operational expenses.

Business Credit Line

A business line of credit loan is a flexible type of loan. It is similar to a business credit card, where you borrow as and when needed and often pay interest only on the amount you use/drawdown and not on the approved total available amount.

SME Loans

Small and Medium Enterprise (SME) Loans are a type of finance designed to give businesses access to funding that they need to expand and grow. The Lendor line of SME loans have been designed to make it uncomplicated for businesses in Nigeria to access.

Quick Micro Business Loans - up to N5m.

These are loans designed specifically for small businesses and local traders. Our micro loans are quick and easy to access, usually short term loans and with a maximum threshold of N5m (Five Million Naira) and average term of just 3 months.

Business Payroll Loans

As the name implies, this is a type of funding that allows employers access to loans to cover payday short falls.

Invoice Financing

Invoice finance is a form of short-term lending that allows you to receive a loan against unpaid invoices. In effect, a cash advance on outstanding customer invoices.

Business Expansion Finance

This is a loan to expand or grow your business. The Business Expansion Loan from Lendor, offers businesses in Nigeria fixed repayments giving you peace of mind and lets you focus on managing your business.

Property Developer Loans

A business loan to build or develop property to rent or sell. With competitive financing fees and inidividual eligibilty criteria, getting a property developer loan in Nigeria for SMEs has never been easier. Let us become your funding partner while you concentrate on growing your portfolio. This type of finance is good for businesses who undertake, short lets, Airbnb and landlords looking to renovate their existing properties.

Business Startup Loans

In reality, you can use any form of funding as your business start up loan. At Lendor, we dedicate our team to structure the type of funding needed for your unique new business requirements. These are usually term loans ie lump sum with fixed monthly or quarterly repayments.

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