Start your loan application in just 30 minutes
Get quick access to loans of up to N5 million with no collateral, and at an attractive interest rate to meet all your business needs. Our goal is to create an easy, convenient and amazing experience for you whilst helping you grow your businesses to unimaginable heights.
Loan Features:
Tenor: 12 months
Interest rate: 36% p.a
One off Management fee: 1%
One off payment for insurance: 3.5%
Documents to be uploaded:
1
Board Resolution
Submission of Board Resolution authorizing the borrowing and acceptance of the facility.
See sample
2
Personal Guarantee
Submission of Personal Guarantee of MD/CEO of the Company supported with notarized statement of net worth(Note: Only for Limited Liability Companies)
See sample
3
Stock Hypothecation
financial practice where an individual or entity pledges their stock or securities as collateral for a loan or credit.
See sample
4
Certificate of incorporation (For Non-Sterling bank customers)
A Certificate of Incorporation or legal document issued by the government or relevant regulatory authority when you registered your business
5
3rd party guarantor form
Executed 3rd party guarantor form (The guarantor must be a business owner/entrepreneur). Undated cheque covering the loan amount.
See sample
To qualify for this facility, your business must:
Have been registered with CAC and operated for a minimum of 3 years
Have a minimum of 6 months banking relationship with Sterling or 12 months with any other commercial bank.
Easy steps to apply for a loan for your business
Sign up or Login
1
Sign up on thebusinesshub.ng using your required credentials.
Explore Loan offers
2
Navigate to the loan section of your dashboard and click on “Apply” to get started.
Provide Promoter And Business Information
3
Provide all the required information on the promoter and business as requested on your dashboard.
Input Corporate Bank Account
4
Submit your active corporate bank account for eligibility review.
Review The Business Loan Decision
5
The loan decision is populated at this stage, feedback on the application is provided for your review.
Upload Business Documents For Appraisal
6
