BOI/Federal Government MSME Intervention Loan 2024 (N75 Billion Fund) for Course

Eligibility Criteria

• Any registered business with Corporate Affairs Commission in Nigeria, this includes Sole Proprietorships, Partnerships, Enterprises and Limited Liability Companies.
• Start-ups and existing businesses can apply.

Offered Benefits

• Reduce Production Costs: Lower your operating expenses and increase profitability with our targeted support for MSMEs.
• Job Creation: Generate employment opportunities and contribute to a stronger, more resilient economy.
• Boost Agricultural Productivity: Invest in your agricultural ventures to maximize the potential of your land and increase food production.
• Support Business Growth: Fuel your entrepreneurial dreams with tailored business financing solutions that drive growth and innovation.
• Enhance Household Welfare: Improve the quality of life for families across the nation by boosting household income and welfare.
• Drive Economic Growth: Make a positive impact on Nigeria's GDP and overall economic development through your business activities.

Application Process

Applying for a loan with us is a breeze. Follow our step-by-step process and let us guide you through the journey to securing the financing you need.

• Submit Application: Fill out our online application form with the required information
• Document Verification: Provide the necessary documents to support your application.
• Loan Approval: Our team will review your application and provide a decision.
• Disbursement: Once approved, we'll disburse the funds to your designated account.

Required Documents:

Existing Businesses:

• CAC business registration certificate/documents.
• Basic book keeping/business records.
• Other information as may be requested by BOI.

Start-ups

• CAC business registration certificate/documents
• Other information as may be requested by BOI.

General requirements:

• Four passport photographs of the Chief Promoter/Director and the Guarantor.
• BVN and executed Global Standing Instruction (GSI) Mandate of the Chief Promoter/Director and the Guarantor.
• Valid means of identification (International Passport, Driver’s License, National Identity Card, or Permanent Voter’s Card) of the Chief Promoter/Director and the Guarantor.
• Curriculum Vitae of the Guarantor
• External guarantor of the Beneficiary/one director (in case of a limited liability company).