SME Loans and advances

It takes a supportive partner like UBA to grow a business

We cater for the bespoke needs of self-employed business owners: SMEs (Retails merchants & Gen. commerce), self-employed professionals, entertainers, start-ups, tech-entrepreneurs and artisans.

Working Capital Loan

The UBA Working Capital loan offers up to 50 Million to help business owners meet their cash flow needs and expand their business. A flexible collateral cover will be required depending on the loan amount and the nature of the customer’s business. It is open to customers with verifiable credit net worth, whose cash flow patterns meet the requirement for lending. 

  • – Customers get up to  NGN50 Million, payable over 12 months to expand their business and meet their cash flow demands
  • – Women-owned businesses get special interest rate.
  • Customers can get the facility as an overdraft or a term loan.
  • The business must have been registered for up to 1 year.
  • The business must have a banking relationship with UBA for a minimum period of 3 months.
  • To learn more about our requirements, kindly talk to the SME team at any UBA branch closest to you.

How to apply

Kindly ask to speak with the SME Team at the UBA branch closest to you. 

UBA Asset Finance

With the UBA SME Asset finance loan, you can get funding to purchase new assets and also expand your business. It is available to registered SMEs in Professional Firms & Service Providers, Food & Drink, Wholesale/Retail Trade & Key Distributors, Agri-Business, Green Economy & Fintechs, Exports, Educational Institutions and other viable businesses. 

  • Customers get a loan from 4 Million 50 Million to purchase assets and equipments needed for their business operations.
  • The loan is payable for a minimum of Twelve (12) months and a maximum of Thirty-Six (36) months.
  • – The business must have been registered for up to 1 year. 
  • – The business must have a banking relationship with UBA for a minimum period of 3 months. 
  • – To learn more about our requirements, kindly talk to the SME team at any UBA branch closest to you.

How to apply

Kindly ask to speak with the SME Team at the UBA branch closest to you.

 

 

UBA School Loans

This is a medium to long term facility aimed at meeting working capital, asset and mortgage needs of registered privately–owned schools. The bouquet comprises a short term loan, an asset finance loan and a mortgage.

  • – Customers get up to 5Million, payable over a period of 12 months, for the short term loan. 
  • – Customers can access a maximum of 20 million for a period of 36 months, to purchase assets and equipment needed for the smooth running of the school.  
  • – Customers can also access a term loan/mortgage of up to  100million for a period of 5 years. 
  • – The school must have been operating for 2 years as evidenced by bank statement. 
  • – The school must have obtained government approval and every necessary authorisation by relevant regulatory bodies.  
  • – The school must have been registered as a business for up to 1 year. 
  • – The school must have a banking relationship with UBA for a minimum period of 3 months. 
  • – To learn more about our requirements, kindly talk to the SME team at any UBA branch closest to you. 

How to apply

Kindly ask to speak with the SME Team at the UBA branch closest to you. 

UBA Health Loan

The UBA Healthcare Loan is designed to provide financing to registered hospitals, pharmacies, medical laboratories, diagnostic centres, optical clinics and dental clinics for business expansion, upgrade, equipment purchase as well as supporting their cash flow needs.

  • – A short term loan of up to 5 Million, payable over a period of 12 months is available to customers in this line of business, based on the existing cash flow of the business.  
  • – Customers can also get up to 50 Million for property expansion and asset acquisition for a maximum period of 36 months. 
  • – The business must have been registered for up to 1 year. 
  • – The business must have a banking relationship with UBA for a minimum period of 3 months. 
  • – The business must be registered and licensed by the relevant regulatory authorities. 
  • – To learn more about our requirements, kindly talk to the SME team at any UBA branch closest to you. 

How to apply

Kindly ask to speak with the SME Team at the UBA branch closest to you. 

 

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