Where to Get Loan For Small Businesses

It is no news that loans are one of the best financing sources for a business. With loans granted to your business, you can upscale your business, as well as help your business expand its reach. In Nigeria, however, getting loans for your small business can be quite stressful, given that there is no proper information on the platforms that offer loans for small businesses. That’s where this article comes in. In this article, you will be reading about loans for small businesses. Along with that, you would also read about the requirements for these loans and what makes these loan platforms stand out.

First, let’s check out some of the requirements needed to get a loan for your small business. 

Requirements For Small Business Loans

To get a small business loan, here are the criteria that you would have to meet:

1. Certificate Of Business Registration Document

To get a small loan for your small business, first, you need to have evidence of business registration. A certificate of business registration shows that your business is recognized by the Nigerian government and as such, you are allowed to operate your business. 

A Cooperate Affairs Commission (CAC) document can be used as proof of business registration. A copy should be submitted to any platform that you wish to get a small business loan from.