Loans are very important for any business in a way to easily survive and here are the top list of Working Capital Loan lenders. 




If you have a small or medium business you need need a working capital loan to take it to the next level. Or you are planning to establish a buisness but don't know how to raise the capital to start.

Don't worry, you are at the right place because this post cover all your needs. This post provide you the reliable and reputable online platforms that gives out working capital loan to SMEs with simple steps.




Top list of online platforms that grant working capital loan to SMEs in Nigeria




Opticom Finance Limited
Lidya Financing Institution
Lendigo Nigeria
Renmoney
C24
FastCredit SME Loan




Without wasting your time, let's go straight to the business in review of the above list.

NOTE: Make sure you read the full content and review each money lenders one by one in a way to choose best suit for yourself.




Opticom Finance Limited

Opticom is one of the leading, best and easy money lenders in Nigeria which offers easy working capital loan to Small-Medium Enterprises (SMEs). Opticom Finance Limited is not a Bank but a reputable and reliable financial company with operating license from Central Bank of Nigeria (CBN).

Opticom offer a loan opportunity to SMEs between N500,000 and N10 Millions with easier repayment. The financial company also have some other products which includes; personal loan, car lease, generator lease, Medical equipments (for hospitals) etc.




How to apply for Opticom Working Capital Loan.
Log on to the official website of Opticom
Fill the available form with your personal details
Go down to "Product/Facility" button, select Business/SME loan then click 'Submit' below
A successful message will pop up then wait for their email for the follow up.







Lidya Financing Institution

Lidya is another great money Lender for SMEs and located in different 3 continents (Africa, America & Europe). Found in five countries (Nigeria, US, Portugal, Poland and Czech Republic). This international finance company owned by Tunde Kehinde and Ercin Eksin.

However, Lidya uses close to 100 data points to evaluate businesses, build a credit score unique to each business and give out the loans in less than 24 hours.

Lidya offers opportunity for SMEs to apply for loan between N50,000 to N35Millions.




Requirements for SMEs Loan;
Your business must be registered under Government
You must at least operate your business for 3 months
You must have a bank account




How to apply for Lidya SMEs Loan
Log on to Lidya website here
Stroll down and click the sign up button
Fill the pop up form with your personal details then click on "Create Account" button
Check your email for welcome message
Click on "Activate your account" button
After that, a pop up will display asking you to change you password then type in your new password.
The next step is to fill another form with your Business profile and Bank details then click next
Complete your personal details by filling date of birth and others.
Create an invoice, fill out the form
Click on "Add Customer" button, fill out the form, click add customer and click submit then wait for approval in less than 24 hours







Lendigo Nigeria

Lendigo provides easy and quick access to working capital without cumbersome paperwork, collateral or any hidden charges.

Lendigo is a licensed money lending company which offers a non-binding credit request in less than 10 minutes to SMEs and gives and gives the credit decision with 48 hours.

Lendigo offer flexible monthly interest rates from 2% and processing rates from 0.5%.




How to apply for Lendigo Business loan
Log on to official website of Lendigo
Fill out the simple form and sign up
Lendigo will contact you within 24 hours through phone or email after reviewing your application. Your request will be addressed and tell you the necessary step to take
You will then receive a proposal
After you accept and approve the proposal, you will receive the contract documents
You will need to sign the contract documents and forward it back to them.
Congrats! Loan received straight to your account



Renmoney

Renmoney is another online money Lender that offer loan up to N6 Millions to SMEs and salary earners. You must be between the age of 25-59 years and have a verifiable source of income.

Renmoney loan process can be completed in 24 hours provided all documents are valid and presented on application. Your loan application can only be rejected if you don't meet the minimum requirements to access a loan. Renmoney offer maximum loan repayment tenure of 12 months.




Requirements;
Bank account statement (6 months)
Utility bill
Government-issued ID card
BVN




How to apply for Renmoney Business loan
Log on to Renmoney loan application page
Choose if you are a business owner or employed
Fill out other required boxes and click on "How much can I borrow" button to generate the qualified loan amount calculated according to your monthly income
Check the generated loan request and if accepted then click on continue
A message will pop up displaying the required documents you need to provide then click in 'I understand and acknowledge the requirements'
Fill your personal details and submit then wait for the loan approval.




C24

C24 provides first-class financial services in an atmosphere of transparency with competitive interest rates and a simplified repayment structure.

C24 offer a working capital loan starting from N150,000 upward and their repayment structure is flexible which means you don't need to break the bank to pay back.




How to apply for C24 working capital loan
Log on to C24 official loan page
Fill out the form with your personal details and click on continue button
Provide your means of identification and next of kin details
Fill out your employment or business informations
Request for your loan and wait for approval.







FastCredit SME Loan

FastCredit offers working capital loan to micro, small and medium enterprises to support business growth.

The loans are backed by guarantors and are for maximum tenor of 6 months for business owners that meet the criteria. FastCredit offers business loan N100,000 to N5 Millions.




Requirements;
Government-issued ID card
Statement of Bank account (1year)
Passport photograph
Utility bill
CAC (Business Name certificate)
Business owner's cheque
Guarantor
Evidence of tax payment




How to apply for FastCredit Business loan
Log on to FastCredit online loan page
Select the amount you want to apply for and months of repayment
Fill out your personal details then click submit button
Wait for their message through the registered email account for the follow up.



Source : FinanceNaija

Great list. Thank you!

Business owners can also check out this guide to getting a business loan in Nigeria.

It covers from where to get a loan, how to increase your chances of getting a loan and more.

Check here - https://blog.glade.ng/the-ultimate-guide-to-getting-a-business-loan-in-nigeria

The major problem here is that most of our non educated SMEs do not register their businesses and they are the ones that really drive business volume and the backbone of the economy.

I have them as clients and still struggling on how to get deals for them.

Please if you know of any bank or financial institution granting loans to unregistered businesses kindly help to mention them.

Please don't mention Lapo, Seap and Groomy.

Tks

Great list except renmoney that runs like lapo.