public-sector

SMEDAN–Sterling Bank ₦5 Billion MSME Fund

SMEDAN / Sterling Bank Public Sector

Status needs verification Conflicting Loan Federal

₦5 billion single-digit MSME loan facility; official SMEDAN source states 9% interest, ₦250,000–₦2,500,000 loan options, nationwide availability, and 24-month facility duration.

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Benefit

₦5 billion single-digit MSME loan facility; official SMEDAN source states 9% interest, ₦250,000–₦2,500,000 loan options, nationwide availability, and 24-month facility duration.

Benefit type
Loan
Amount range
₦5 Billion; ₦250,000; ₦2,500,000; 9%
Funding amount
₦5 Billion; ₦250,000; ₦2,500,000; 9%
Loans
Loan ₦5 billion single-digit MSME loan facility; official SMEDAN source states 9% interest, ₦250,000–₦2,500,000 loan options, nationwide availability, and 24-month facility duration.

Eligibility

Small businesses across sectors that register with SMEDAN and complete the SMEDAN–Sterling loan application route.

Business stage
not specified
Sector
msme/general business
Gender
all genders / not specified
Applicant type
MSME / business owner

Requirements

  • Small businesses across sectors that register with SMEDAN and complete the SMEDAN–Sterling loan application route.

Coverage
Coverage plane
Federal

Eligible areas

  • all

Timeline

opens: 2024-06-20

Source status
Source Conflicting
Deadline
Open date: 2024-06-20; close date: unknown
Opening date
June 20, 2024
Recurring status
Rolling

Application
Complaints or support route
SMEDAN portal / Sterling Bank SME desks

Application steps

  • Open the official programme page or application URL.
  • Review eligibility, deadline, and required documents on the official source.
  • Apply only through the official portal or listed source-owner channel.
  • Check warning note before submitting personal or payment information.

Source and Safety

Use official SMEDAN/Sterling route; avoid intermediary fees.

Verification status
Conflicting
Last verified
May 13, 2026
Scam risk
Low

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