Loan Sources for Funding Business in Nigeria

Loan Sources for Funding Business in Nigeria

One very big challenge for entrepreneurs, innovators or business owners in Nigeria is always associated with the question of how to get loans (capital) for funding of business ventures. As we all already know after conceiving a business idea of interest, the next thing would be to act on it in a pilot-scale and growing the business to mass production scale. The business implementation aspect always requires funding, which may come as loans, grants or venture capital partnerships.

Alternative to Commercial Banks or Banking

Entrepreneurs are always on the lookout on how to get money, loans, grants and investors to help scale their businesses and hence increase desired outcomes.

Here is a list of Loan Sources for Funding Business in Nigeria. The list is an alternative to getting funding as loans directly from commercial banks.

Sources of Loans for Funding Business in Nigeria

Business Loan or Grant OrganizationWebsite
Tony Elumelu Entrepreneurship Programme
Bank of Industry (BOI)
Africa’s Young Entrepreneurs (A.Y.E)
Lagos State Employment Trust Fund

Access Small Loans for Business in Nigeria

Online Loan AgencyWebsite
Palmcreditmobile app
Branch Nigeriamobile app
Money Africa
ALAT By Wema
Carbon (Paylater) powered by OneFi
Aella Credit
Naira Compare

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