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The Best SME Banking Product In Nigeria - Business - Nairaland

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Which Is The Best SME Bank In Nigeria? / SME Banking; what you need to know / Follow Me To See How You Can Make Over 150k Weekly On This Product in 2017 (2) (3) (4)

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The Best SME Banking Product In Nigeria by Minimumviable: 8:36pm On Oct 01, 2020
What is SME Banking?
SME Banking is simply banking focused on small businesses.
I will spare you all the jargon and leave it that way.

SMEs are small businesses. So, with the latest side hustle craze in this country, even I have a side hustle, it is safe to say that almost every youth runs a small business.
So whether you run a food delivery business, photography, or you make beats at nights or on weekends, or you sell organic soap or human hair off an IG account, you are a small business.

It is interesting to note that the only account most small businesses own today is an Instagram account.
That is awesome by the way, having an Instagram account.

But how about small business banking?

After communication the most important economic infrastructure any country needs is finance.
No sector can grow without a financial institution that understands them. Oil and Gas, real estate, etc have all been heavily funded by finance houses.

This post will not focus on how important SMEs are, we already know they employ 70% of the workforce, yet there is no financial institution that gets them.

Today, most SMEs cannot afford to get a corporate bank account, so they rely on their personal bank accounts for transactions. While this is a stop-gap, businesses can not grow this way.

Running a business on a savings account will not only limit how much business you can do, it will also not position you properly for growth.

You will not be able to access large deals, you will not be able to access business loans, you will not be able to track the differences between personal expenses from business expenses, I mean the list goes on.

But Glade can help you get access to a bank account, regardless of how small your business is.

You do not need to fill a long-form, submit any CAC reg or Tin, all you need is a valid ID

Some of the benefits of banking with Glade include:
You get a business account for free, no fees, no CAC registration or TIN
No monthly bank charges in your current account
20 free transfers monthly
Create free invoices and a payment link from your banking app.
Create a free e-commerce website and get paid into your account without writing one code.
Get a loan of up to 20m Naira.
Make bulk transfers from your bank account.
Get free legal and business support monthly
Manage staff Payroll and payment from your banking app.
Manage Vendor Payments from your banking app.
Get instant payment insights right in your baning dashboard

This SME bank I just discovered is currently saving a lot of small businesses from a lot of corporate banking bureaucracy, and they boast of over 3,000 merchants and have processed over $8,000,000 to date.
You can try them here https:///3ikJ7MJ it is absolutely free to sign up

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