Application for Bank Micro, Small and Medium Enterprises (MSME’s) Business Loan

This is to advise you of the procedures for registering or applying for a business loan for micro, small, and medium-sized enterprises (MSME’s) from Jaiz Bank. This lending exercise is meant to help you grow your business more quickly. Using the accompanying steps and instructions, you can apply or register.

Application for Bank Micro, Small and Medium Enterprises (MSME’s) Business Loan

The Micro, Small and Medium Enterprises (MSME’s) are crucial to the development of a country’s economy, especially an emerging economy like Nigeria. Research have shown that the growth of MSMES is sine qua non to national development, poverty eradication and employment generation.

Things that are necessary before you can obtains Jaiz Bank MSME Business Loan

The business must be in existence for at least one (1) year
The business must have a very good cash flow and turn over
The business should be registered with CAC (optional but strongly recommended)
The business must have an account with the Bank
The business must have run the account for atleast 3 months

Requirements/Eligibility for Jaiz Bank Micro, Small and Medium Enterprises (MSME’s) financing Business Loan

Items/Product to be financed must relate to the core business of the customer
Satisfactory profitability history
Business must have spent a minimum of 6 months in a licensed/registered/approved business premises.
Membership of relevant association/cooperative/union etc (if any)
Existing, Credible and Verifiable Customer base
Reliable Financial bank statement or records for atleast 6 months
Favorable credit reports from relevant Institutions

General Requirements for Jaiz Bank MSME Business Loan Application Form