Where to Get Loan For Small Businesses

2. Credit Score Record 

Along with a certificate of business registration document, your credit score is one criterion that would be perused before getting a small business loan. A personal or business credit score is a grade that shows how legitimate you have been in your banking operations. A bad credit score would result in disqualifying you from getting any loan. 

So, ensure that you have a high credit score before applying for any loan. A high credit score increases your chances of getting a loan for your business.

3. Means Of Identification

A means of identification is also among the documentation that would be checked before your loan request is granted. They contain useful information about you such as Date Of Birth (DOB), and State of Origin that are important in facilitating the loans for your business. As a Nigerian, you would be required to provide a valid means of identification. A valid means of identification can be in the form of a National Identification Card, Voters Card, or Driving Licence.

Any of these identification proofs are accepted by any loan organization. Just provide one of them and you’re good to go.