If you're running a small business in Nigeria and have never considered taking a small business loan, then you're leaving money on the table.

There are a lot of options for small business loans, especially the low-interest or zero interest ones.

If you're a savvy business owner in Nigeria, then you need to find sustainable ways to fund your business via external capital.

Here are some options for accessing interest-free loans for your small business in Nigeria.

- Bank of Industry (BOI)

The BOI supports all kinds of businesses in different industries in Nigeria, such as:

Agriculture
Engineering / Technology
Fashion / Textiles
Manufacturing / Production
Food / Agro Processing
Livestock / Livestock Processing
Renewable Energy
Etc.


- Dangote Foundation

The Dangote Foundation has a special intervention fund for SME businesses operating in specific industries.

SMEs in Nigeria that are into manufacturing, agro-processing, and merchandising of 100% Nigerian made goods can qualify.


- Jaiz Bank

Jaiz bank offers purely zero interest loans. They make money from financing qualifying businesses via asset acquisition in the form of profit sharing or marginal revenue collection while often assuming 100% liability for the business.


For more info on the loan requirements and how to process these interest-free loans, read the indepth article here: https://moneyboom.com.ng/business-ideas/interest-free-loans-sme/