Post-COVID-19: How FG Plans To Support SMEs

The Federal Government has itemised plans to support small businesses through guaranteed offtake, intervention, and regulatory supports. The government stated...

She Leads Africa Offers 3-month Intensive Training For Women-led Startups in Nigeria – Here’s How To Apply

by Contributor

June 16, 2020

0

She Leads Africa has rolled application for business coaching program for early stage, women led startups in Nigeria. This 2020...

SME Invoice Discounting Finance (SME IDF) This is a short term borrowing facility which provides a quick cash flow solution to your business needs. Your business can draw money against invoices (receivables) issued before your clients pay for products supplied or services rendered. >>> Maximum of N 50Million (subject to 70% of invoice value) >>> Tenor is 60 days (maximum waiting period of 30 days) >>> Bullet repayment upon maturity of the facility with monthly interest >>> Irrevocable domiciliation of discounted invoice proceeds with GTBank >>> Competitive interest rate Quick Credit Get More Out of Your Account with Quick Credit Whether you are a salary earner or self-employed, you can now get the cash you need instantly, and pay back over 6 - 12 months. Quick Credit gives you funds up to N5million at an interest rate of 1.75% monthly. No Hidden Charges. What's In it for You >>> Up to N1 - 5 Million >>> Convenient repayment plan spread over 6 - 12 months >>> At an interest rate of 1.75% per month Premium Advance Always there, when you need funds the most, Premium Advance is a revolving overdraft facility placed on your Debit Naira MasterCard. What's in it for you? >>> Up to N1 Million overdraft with a 1 year Tenor (subject to clean-up every 30 days). >>> Very Competitive interest rate. 2% flat fee on N1million upon first utilization. >>> Overdraft accessible via Naira Debit MasterCard (for ATM withdrawals, POS purchase and web payments). >>> Monthly repayment of interest with bullet payment of principal at end of cycle. Overdraft At Guaranty Trust Bank, we are desirous of supporting your business by providing you with the required funds to support your working capital. It is a line of credit that allows a customer write cheques for more than the actual balance on the account with a finance charge on the excess. It is an open credit which can be used repeatedly until the balance on the account reaches a certain pre-arranged limit with a specific repayment date, usually one year. The funds is usually available for your use for a tenor of one year but it can be renewed upon satisfactory performance. Hub Advance Let's Grow Your Business together With Hub Advance, you get the right kind of inventory financing that your business needs to grow. Loan Dynamics >>> Maximum Loan Amount - N500k to N2million >>> Maximum tenor of 3 months >>> Irrevocable Domiciliation of inflows is required >>> Repayment for the loan shall be equal monthly repayment of principal and interest >>> No Equity Contribution >>> Interest rate: Competitive >>> No Collateral Food Industry Credit The Recipe for Growth Looking to grow your food business? Now you can get all the financing you need with the GTBank Food Industry Credit, which offers you a single digit interest rate loan of just 9% per annum. What's in it for You >>> Up to N2 Million >>> 9% per annum interest rate (0.75% monthly) >>> Flexible repayment plan spread over 180 days >>> Zero Fees Fashion Industry Credit Tailored to your Fashion business, designed for growth. Building a fashion business is one of the most exciting things you can do, when you have the right support. That is why we have created a single digit interest rate loan at 9% to provide entrepreneurs in the fashion industry with all the financing they need to grow their business. Fashion Credit Web >>> What's in it for You >>> Up to N5 Million for your fashion business >>> Single digit (9% per annum) interest rate at 0.75% per month >>> No fees >>> Flexible repayment plan spread over 360 days >>> Customers can access up to 50% of average annual turnover

How SMEs Can Get GTBank Loan

by Contributor

June 15, 2020

0

Novel Coronavirus brought a lot of hardship and economic disaster. The lockdown and gradual opening have impacted on Small and...

5 Legal Mistakes Every Small Business Owner Should Avoid

by Contributor

June 15, 2020

0

Setting up a business is one of the most tedious parts of every entity. You can be excited that sometimes...

Africa Fintech Summit rolls out applications for Entrepreneurs

by Contributor

June 11, 2020

0

Africa Fintech Summit has rolled out applications for the entrepreneurs to participate in a discussion to address the real challenges...

How SMEs can write a winning business proposal

by Contributor

June 11, 2020

0

The ultimate goal of every business owner is to pull clients to his/her or offer particular products or services to...

AUDA-NEPAD and Ecobank Group commit resources to help MSMEs become more resilient and tap into ‎AfCFTA market

by Contributor

June 11, 2020

0

The African Union Development Agency through the New Partnership for Africa's Development (AUDA-NEPAD) and Ecobank Group are committing resources to...