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

SME

IFC Invests $100 million In Zenith Bank To Support SMEs Amid COVID-19

by Blessing Osazuwa

June 18, 2020

0

International Finance Corporation (IFC), a member of the World Bank Group, today announced an investment of up to $100 million...

Visa Launches Initiative To Assist Small Businesses In Nigeria

by Blessing Osazuwa

June 17, 2020

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Digital payment platform, Visa, has launched a new initiative, "Where You Shop Matters' which seeks to champion and enable entrepreneurs...

IITA Collaborates With Mastercard Foundation To Empower Over 200,000 Young Nigerians

by Blessing Osazuwa

June 17, 2020

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The partnership between IITA and Mastercard foundation aims to enable 242,724 young Nigerian women and men to build skills and...

Nigerian e-health startup First Medtrade launches online medical market

by Blessing Osazuwa

June 16, 2020

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First Medtrade has launched its online medical market to supply essential medical consumables to hospitals and other health facilities across...

Sanwo-Olu Approves 3 Months Moratorium For MSMEs

by Blessing Osazuwa

June 16, 2020

0

Lagos State governor, Babajide Sanwo-Olu has approved a 3-month moratorium for micro, small and medium enterprises in the state, as...

Nigerian Government Takes Steps To Support MSMEs Amidst Coronavirus

by Blessing Osazuwa

June 16, 2020

0

The federal government has rolled out fresh tracks through which it will support micro, small and medium enterprises (MSMEs) in...

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 Alex

June 15, 2020

0

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

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