The Stanbic IBTC SME loan is a tailored made lending opportunity that is available to businesses for expanding their productive capacity and meeting working capital in order to achieve business goals and growth.
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Small and Medium Scale businesses (SMEs) need loans to sustain their working capital, to invest and expand their productive capacity for better output and increased bottom line. Without the access to funds and funding which most times are through loans, small businesses run the risk of becoming stunted, unproductive and unsustainable.
In Nigeria, SMEs contribute 48% of national GDP, account for 96% of businesses and 84% of employment. According to the Nigeria Bureau of Statistics, (NBS), small and medium scale enterprises (SMEs) in Nigeria have contributed about 48% of the national GDP in the last five years.
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In this article, we examine how small and medium scale businesses, (SMEs) can access the Stanbic IBTC SME loan and have opportunity to not just expand their productive capacities but increase their working capital.
About Stanbic IBTC Bank
Stanbic IBTC Bank is a member of the Standard Bank Group, an authorized financial services and registered credit provider in Nigeria.
If you need a loan with zero stress, then the Stanbic IBTC SME Loan is one of your best options. The bank says with the loan scheme, “you will never lose a deal, and you can get from N50,000 and above to meet financing needs.” However you may need to operate a Stanbic IBTC account to qualify.
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Despite the fluctuation and devaluation of the currency which has culminated in capital inadequacy for most SMEs in Nigeria, there are opportunities in the business environment that small businesses can explore to turn the tide.
Stanbic IBTC Bank adds that they are “committed to the continuous support and development of SMEs through targeted initiatives and products.” It further advises SMEs in Nigeria to take advantage of the loan to expand their operations and grow their businesses.
Benefits of Stanbic IBTC SME Loan
Support
Gap-funding to meet urgent business demand
Ease
This solution is accessible to existing and new to bank customers with limited documentations required.
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Speed
This solution has a quick turnaround time with 24-hours delivery for eligible customers.
Flexible Terms
Repayment plan is tailor made and based on customer’s cash flow
APPLICATION PROCEDURES
The application procedures for getting the Stanbic IBTC SME loan is not complicated at all. All you need to do is to start by completing a simple application form online. The form can be obtained by clicking the blue link below.
To apply for Stanbic SME Loan, CLICK HERE
WHAT YOU GET
Availability of short-term working capital to customers
Bridging short term financial needs
Business growth for customers
HOW TO GET IT
Applicant’s formal letter of request for loan
Satisfactory credit checks from 2 credit bureaus
Banking history of at least six months with Stanbic IBTC Bank or 12 months with other Banks
Registered enterprise or limited company (Incorporation) Documents to be provided
Tax Identification Number (TIN)
Upon loan approval, duly accepted Offer Letter.
WHAT IT COSTS
TOD and Advance: 26% with free insurance
Short Term Loan: 30% with free insurance
Management Fee: 1%
* There is no concession on the pricing.
Please note that we are neither staffers nor stakeholders in this loan agency, but we educate the public to take informed decision on your quick loan requests, as we note that Knowledge is power. Book A Call TODAY and speak with one of our experts for more information! Call or Whatsapp +234 (0)803 385 7245.
HOW TO APPLY.
Simply FILL the form in THIS LINK to apply for Stanbic IBTC SME Loan and the bank will contact you.
