How And When To Apply Small, And Medium Enterprise Development Agency Of Nigeria (SMEDAN)’s loan/Grant Scheme

As part of the government’s efforts to help individual and organizational business owners cope with the economic loss caused by the coronavirus pandemic on their businesses and the Nigerian economy by extension, the president Buhari administration launched various grants and loan schemes which are available to business owners depending on the Grant or loan and the type of business one is into.

Doubtably the most popular is the Small, And Medium Enterprise Development Agency Of Nigeria (SMEDAN)’s loan/Grant scheme made available to business owners operating on the small and medium scale enterprises in Nigerian.

Loans and grants of up to about 5 million Naira could be attained via this program, duration and interest rates depend on how much is borrowed and could be as low as 3% interest rate per annum

HOW TO APPLY Small, And Medium Enterprise Development Agency Of Nigeria (SMEDAN)’s loan/Grant Scheme

To apply for this loan/Grant, one must have registered with the local SMEDAN office in his/her state; after which one would be provided with a SMEDAN registration number. (E.g, SUIN 2167......).

Upon successful registration, a certificate of registration would be sent to the provided email address. Print out and keep.

Vosit the nearest SMEDAN office to you, ask for the Grant/loan form, fill and submit, wait for possible alert.