SME 1

The N5 Billion Loan Program

Single-digit interest rate facility

designed to drive business growth

Starting a new venture or expanding your business? Unlock your SME’s potential through the SMEDAN and Sterling Bank partnership’s ₦5bn loan program and power your business towards success.

Begin
PIV 9593 1
SMEDAN and Sterling logo side by side

Sterling and SMEDAN Partner to Empower SMEs

In Nigeria’s fast-paced economy, small and medium enterprises (SMEs) are crucial for driving growth and job creation. At Sterling, in partnership with SMEDAN, we’re making a real difference for these businesses.

Here’s our promise: if you’re an SME with a clean credit record, a registered business, and ongoing operations, you’re eligible for our fully digital, collateral-free loan facility. This loan is more than just funding; it’s a launchpad for growth. Perform well with this initial support, and you’ll pave the way to larger commercial loans.

We won’t leave you in the dark. Instead, we’ll provide clear feedback on why and guide you on improving your business to become bankable. It’s not just about providing loans; it’s about fostering growth and potential in every SME we engage with. This is your opportunity to expand and strengthen your role in Nigeria’s economic landscape.

fcccb7f4 b1b8 45ca 93f8 1d53d0e0cb30

Our Pledge

Sterling, deeply committed to national development, has pledged N5 billion in single-digit loans to eligible SMEs. This game-changing initiative stands as a testament to the bank’s unwavering belief in the transformative power of small businesses.

To ensure seamless access to these loans, Sterling has partnered with SMEDAN, a government agency dedicated to the development and promotion of SMEs in Nigeria. This strategic alliance has resulted in the establishment of a comprehensive database of SMEs, enabling tailored solutions and intervention programs that foster SME growth.

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.
  • Expert guidance and support: Access expert advice and support from Sterling Bank's SME specialists.
Begin
e36779b4 e1b3 4bdc aa09 1b0b2de8f56b

FAQ

Frequently Asked Questions

For more information, please send an email to  [email protected]