SME (small-to-medium enterprise) is a convenient term for segmenting businesses and other organizations that are somewhere between the "small office-home office" ( SOHO ) size and the larger enterprise . The European Union has defined an SME as a legally independent company with no more than 500 employees.

SME Banking could be seen as banking that provides financial products and services specifically designed to help your business grow, building a successful business requires the right support so its always advisable as a young entrepreneur or business owner to have such banking support.

Advantages of SME includes:

1) Free and unlimited access to millions of customers around the globe; connecting buyers to sellers where ever they might be. This alone serves as manure to your growing business.
2) with SME's you get a reliable and convenient way of receiving money for goods and services bought by using the banks cash management and transaction banking platforms
3) access to soft loans, suitable financing options to help your business grow.
4) SME Newsletter provides you with knowledge and information that will help grow your business from nothing to its peak, at the end of the day you find out that these banks end up being more of business partners than bankers, you could check out this link for more info. https://www.ubagroup.com/nigeria/smebanking/

Thanks for the tips,now I know what SME is

This SME banking idea is a very good initiative, many a times young entrepreneurs are being discouraged in business due to competition and such backup from these banks can really come in handy

This concept is nice but the question is how do young entrepreneurs access these loans without collateral? Or do the loans in this SME banking come without collateral?

People need to know this o, this is the real deal

Dandsome:
This SME banking idea is a very good initiative, many a times young entrepreneurs are being discouraged in business due to competition and such backup from these banks can really come in handy

true, but I think a good entrepreneur shouldn't be discouraged by competition, instead it should fuel him.

Wow! Since I was young and now I am getting old, I'm just getting to know the full meaning of the acronym SME

Thanks for th wonderful tips OP, it seems like UBA has a lot more to offer than I thought.

This is really educative and a welcome initiative, but how do potential entrepreneurs like myself access these loans?

SME banking is not really new to Nigeria but a lot of people are yet to know about it. It's so good that UBA is coming out with this new programme and would love to see brands take advantage of it.

Hundjager:
Wow! Since I was young and now I am getting old, I'm just getting to know the full meaning of the acronym SME

We learn every single day.

hexenbiest:
This is really educative and a welcome initiative, but how do potential entrepreneurs like myself access these loans?

Getting the loan isn't that hard just read through the thread or visit their website.