The loans help cover expenses or urgent cash needs required to keep the business running, purchase more inventory, hire extra manpower, improve service efficiency or expansion.
For a business of any size, purchasing equipment can help improve your business, make your product better or help you perform your service better. Capital may be required to buy additional equipment or replace an existing one.
Businesses also fall short on funds and need extra capital to execute tasks or other issues that might be solved with a loan.
These among many other reasons and factors are what BizNurture works towards solving in such a way that it provides short term business loans to SMEs; and without collateral. BizNurture offers a less complicated and fast lending process.
How does BizNurture work to provide funding for SMEs, online, in 48hours, and without collateral? Before that let’s go through types of loan that it offers.
Loan Products BizNurture Financial Services Offers
LPO (Local Purchase Order) Financing:
A financing option for small businesses that need money to meet a single or multiple job offers. So you own a store, it is a new year and you need to fill your store with new goods to ensure that you have goods to sell for the new year but you don’t have enough capital to order enough goods, the Local Purchase Order (LPO) financing is a good option for you. If this is you? then begin your application here.
A Financing option for small businesses to borrow money against amounts due from customers. The total sum of money due for the purchase of a good or service that must be paid by the set due date. So basically, you have provided a good or service but you are yet to get the total sum of money, you can take out a loan here from BizNurture, and payback within 1 month to 8 months.
Working Capital Loan:
You also have the option to get loans to help finance everyday operations for your small businesses. to ensure that the business is up and running at maximum capacity. These loans are not used to buy long-term assets or investments, instead, they are used to provide the working capital that covers your company’s short-term operational needs.
Female Entrepreneurs, get in here, this product is designed to encourage women in business with a steady monthly cash flow. So as a female entrepreneur in Small and Medium Enterprises (SMEs) if you are ever in need of a loan you can apply here for one. You can have access to loans from ₦500,000 to ₦3,000,000.
School is in session or about to resume, students are yet to start paying fees, and you need to fix a few things here and there; maybe get books, and other school materials and equipment before school officially resume, then the Edubiz loan is for you.
This is a financing option for schools that need funds to execute a short term project or pay a one-off expense. Repayment is done termly in line with when school fees are received.
BizNurture helps to provide solutions that help alleviate the funding problem by providing funds at reasonable prices to businesses that have difficulties accessing traditional finances.
To make your application process faster, here is a list of basic documents you are required to provide.
More may be required from you, depending on the type of loan requested.
- Must be 2 years or more in business
- Request letter on letterhead
- CAC documents
- 6 months bank statement
- Copy of the LPO to be financed / invoice to be discounted
- Copy of valid ID card
- If a Business Name, two 3rd parties must guarantee the business owner
- If a Limited Liability Company, the MD must guarantee the loan, as well as a 3rd party.
How do you apply?
If you are a first-time borrower, you will be able to apply for a loan only after registration. Register to create an account with BizNurture.
Clients who are already registered with BizNurture can apply for loans once logged on to the web application.
The minimum loan amount is ₦500,000 and the maximum amount is ₦5,000,000. The minimum and maximum loan terms are 1 month and 8 months respectively.
Click the link here to begin your loan application and make your bizdream a reality today.
Visit the website at biznurture.com or call 0907 007 7779 for more enquiries. You can also watch the tutorial on how to apply for a loan here.
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