SME Loans

We provide short term funding to SMEs to carry out short supplies by bank approved counterparties. The order must come from approved counterparties.

  • Maximum amount of N10M
  • Maximum Tenor is 90 days
  • Equity Contribution of 30% is required

Get short term loans on invoices issued to bank approved counterparties.

  • Maximum amount of N10M.
  • Maximum Tenor is 90 days, however tenor must align with date of payment.
  • 70% of the invoice value will be discounted.

Term Loans

Short term loan for SMEs that are key and sub-distributors.

  • Maximum loan amount of N3M
  • Maximum tenor of 3 months
  • Open to only distributors registered as SMEs and trading in their personal names

Short-term bridge finance for private nursery, primary and secondary schools.

  • Tenor: 90 days maximum subject to 5 weeks from resumption date
  • Maximum Amount of N5,000,000
  • Minimum Amount of N400,000

Funding for SMEs for recurring operational needs based on proven cashflows with Union Bank.

  • Maximum loan amount of N3M
  • Maximum tenor of 12 months
  • Open to SMEs and customers trading in their personal names

Financing for SMEs to acquire assets such as operational vehicles, office equipment and generators.

  • Maximum amount of N50M
  • Maximum Tenor is 48 months
  • Equity Contribution of 30% is required
  • No collateral is required. Asset being financed is the collateral for the loan

Financing for SMEs for restocking of goods from specific suppliers.

  • Maximum amount of N50M
  • Maximum Tenor is 12 months with 90 days clean up cycle
  • Equity Contribution of 30% is required
  • Collateral required