How To Get A Loan From SMEDAN 2020

Are you in Nigeria and a small and medium Enterprise? This loan is for you. You may may have tried some banks and they failed. But  I will show you how to get  a loan from Smedan 2020.

How To Get A loan From Smedan

The Small And Medium  Enterprises development Agency of Nigeria – SMEDAN is a government sanctioned agency created by an act of  in 2003. And the goal of the scheme is to help mentor, promote and to provide the growth of micro and some and medium Enterprise sector in the economy.

The small and medium sector is part of the backbone of the economy. As a result this agency helps small businesses and enterpreneur to get loans, trainings, mentorship

The Goal of SMEDAN is to boost economy by helping small businesses and enterpreneur to achieve it’s limit.

Understanding SME Loans

The truth remains that SME does provide the loan.  Companies like National Enterprise Development programme NEDEP offer theirs through SMEDAN.

They create a pool of loan accessible from Microfinance, banks, corporate bodies, and so on. They serve as middle man and the make the loan accessible to small medium and businesses, enterpreneurs through their platform.

Also Central bank of Nigeria – CNN provides loan through them and  Bank Of Agriculture – BOA.

All loans provided by SMEDAN and you can access through SMEDAN can be operated through SMEDAN credit portal.

SMEDAN Loan Requirements And Collateral.

Requirements  of SMEDAN loan can differ as some company provides in the pool with their own conditions.

However, all small businesses and enterprenuers can apply fo loan without collateral or minimal collateral in the pool.

 Who Can Apply For The Loan? – How To Get A Loan from SMEDAN.

If you are above 18 and a small businesses or even an enterpreneur, you can apply for it.

You can also apply as a business or individual  In Nigeria.

How To Get  A Loan From SMEDAN.

You can always follow the the steps on this site to get the loan.

Visit  SMEDAN Credit Information Portal.

To get this loan, the first thing  you can do is to visit SMEDAN credit loan portal to start one. Use you phone which can browse or use a laptop  to do it.

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