Apply For SMEDAN/BOA N5M Loan Portal: The portal for Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Bank of Agriculture (BOA) loan application has officially opened for massive applications
Applicants from three states and Abuja will hit the ground in the loan program running, other states will join after the “test run” according to Dr. Dikko Umaru Radda, the Director-General and Chief Executive Officer of SMEDAN
Only small businesses are liable for such loans, beneficiaries will be going home with N1.2 million to N5million loans.
“Target beneficiaries for this program shall be labor-intensive micro or small enterprises (MSEs), operating in the real sector. These shall ideally be innovative value-added products that are establishing a footprint in the Nigerian market, and require additional funds to increase output”
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Small enterprises located in Kaduna, Oyo, and Federal Capital Territory (FCT) are permitted to apply for the loan initiative
Funds will be deployed immediately to applicants that meet all requirements