BOA – SMEDAN Loan 2021-2022 Application portal | www.smedan.gov.ng

BOA – SMEDAN Loan 2021-2022 Application portal | www.smedan.gov.ng

BOA – SMEDAN Loan 2021 » The Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, has finally opened the loan portal on Tuesday to start receiving applications from all small business owners applying for a loan within the range of N1.2 million to N5million loans.

This is to notify all Nigerians in need of a loan that the BOA – SMEDAN Loan Application Portal for the Small And Medium Enterprises Development Agency of Nigeria (SMEDAN), Bank of Agriculture (BOA) Matching Fund Loan is now open for SMEs to receive applications online

BOA SMEDAN Loan

BOA – SMEDAN Loan 2021-2022 Application portal | www.smedan.gov.ng

In a statement released by the Agency’s Corporate Affairs Unit, SMEDAN Director-General and Chief Executive Officer Dikko Radda stated the loans would be paid under the SMEDAN-BOA Matching Fund Program for small firms.

Mr Radda stated that the launch of the program portal will be a promotional initiative aimed at providing loans to small firms in order to boost output, competitiveness, and job creation.

He also announced that the Bank of Agriculture, BOA, will be the program’s disbursing organization.

“The program’s target beneficiaries will be labor-intensive micro or small companies (MSEs) in the real sector.

These should preferably be innovative value-added products that are gaining traction in the Nigerian market and require extra funding to scale up production, according to the Director-General.

As a result, he invited all appropriately qualified micro, small businesses in the Federal Capital Territory, FCT, Kaduna, and Oyo states to submit applications for the initiative.

Mr Radda went on to say that prospective recipients, who must be registered with SMEDAN, will be eligible for loans with business-friendly terms, including collateral waivers.

How to Apply SMEDAN BOA Matching Fund Loan 2021.

  • The SMEDAN-BOA Matching Fund initiative will be done online through the official website
  • The site, which opened with the launch of the program, is a promotional intervention aimed at delivering credit to the sub-sector, with the triple goals of increasing firm output, competitiveness, and job creation.
  • The disbursing entity, under the programme, shall be the Bank of Agriculture Ltd (BOA).
  • Labor-intensive micro or small enterprises (MSEs) working in the real sector will be the program’s target beneficiaries. These should ideally have unique value-added products that are gaining traction in the Nigerian market and are in need of extra funding to expand output.

SMEDAN-BOA Matching Loan Range:

The Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, has finally opened the loan portal on Tuesday to start receiving applications from all small business owners applying for a loan within the range of N1.2 million to N5million loans

BOA – SMEDAN Loan Application Procedure:

All interested candidates should apply through the BOA – SMEDAN Loan portal at www.smedan.gov.ng

Then, follow all instructions needed for the application through the SMEDAN loan portal.

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