FG Launches SMEDAN N1.5 Million Loan – Apply Now!
webemtech website
The Nigerian Small and Medium Enterprise Development Agency (SMEDAN) has typically provided $ I00,000 grant chances to Micro, Small and Medium Enterprises (MSMEs) in Nigeria and Africa for those MSMEs who have yet to apply for this advantage. It was re-announced. The major purpose of this initiative is for the US to help small businesses in Nigeria and other African nations develop.
The programme would give MSMEs with up to $100,000 in funding as well as technical help. Agriculture and food security, as well as climate change and gender justice, will all be discussed.
SMEDAN CEO and DG Statement About The Loan
The Director-General and Chief Executive Officer of SMEDAN, Dr. Dikko Umaru Radda, was cited in a release by the Agency’s Corporate Affairs Division in Abuja as stating that the two institutions are dedicated to see this initiative succeed in the benefit of Nigerian MSMEs.
He explained that the Matching Fund program, which went live on February 22, 2022, is a promotional activity aimed at delivering credit to the agri-business sub-sector in order to boost company production, competitiveness, and job creation.
He consequently invited all appropriately qualified MSEs in Katsina, Kogi, Bauchi, and Adamawa to apply for the program during the present opportunity.
Radda further added that potential beneficiaries, who must be registered with SMEDAN, can apply for funding ranging from N1.2 million to N5 million, with terms that are business-friendly.
How to Fill Out the SMEDAN Grant Application Complete the ASBC Application Form.
The African Small Business Catalyst (ASBC) program is a straightforward VAT application. The actions described below will assist you in achieving your adolescent goal:
- Go to the official SMEDAN ASBC website at https://usadf.gov/program-application-form/.
- Fill out the ASBC application form here.
- How do I submit an application to ASBC?
FG SMEDAN 1.5 Million Loan Enquiry Form:
- Do you own a small business in one of the following countries: Côte d’Ivoire, Senegal, Uganda, or Nigeria? – You must choose the appropriate option and provide further information to support your claim.
- Is your company in the agricultural and food security, education, healthcare, or water, sanitation, and hygiene (WASH) sectors? – You must choose the appropriate choice and provide further information to support your claim.
- Does your company have a social responsibility mission?
– Select Social responsibility Mission and provide further information to support your claim. - Have you been actively involved with this or other African enterprises for at least two years?
– Fill in yes or no and provide further information to support your claim. - Do you have a documented accounting procedure handbook in your company?
– You must choose the appropriate choice and provide further information to support your claim. - Do you have financial management accounts for the last two years of the business – You must choose the appropriate choice and provide further information to support your claim
- Is your company properly registered/incorporated under local laws?
– You must choose the appropriate choice and provide further information to support your claim. - Is your company mostly owned by Africans?
– You must choose the appropriate choice and provide further information to support your claim. - Do you have any women in high roles in your organization (management or board of directors)?
– You must choose the appropriate choice and provide further information to support your claim. - Are you looking for loan money to help you grow?
– You must choose the appropriate choice and provide further information to support your claim. - Do you have sufficient assets and equity to sustain a loan of at least USD 100,000?
– You must choose the appropriate choice and provide further information to support your claim. - Are you having trouble getting enough money from local banks or other investors?- You must choose the appropriate option and provide further information to support your claim.
- Do you require technical assistance with the creation of your company model, product, management training, or other critical business areas? – choose the appropriate optionand provide further information to support your claim
- Complete the other sections of the form by answering the questions.
- Select “Submit.”
- Always check your email for receipts and follow-up messages.
FG Launches SMEDAN N1.5 Million Loan – Apply Now!
Related:
How To Register Your Business With SMEDAN Using A laptop or Mobile Phone
Leave a Reply