What is the criteria for SME loans?
To access business loans on Carbon you need to have the following criteria:
- A business registered with the CAC.
- A valid Tax Identification Number (TIN).
- Applicable Sectors (for now) include: Retail, Agent Banking, Food Services, Health Services.
- Time in Business: 1+ years.
- Monthly Sales/Revenue: N1,000,000+.
- Location: Nigeria.
Related Articles
What is the interest rate on SME loans?
The interest rate for SME loans is between 3% - 5%.
How can I access SME Loans
Carbon provides flexible finance for SMEs. The way to access it is to: Register at https://smefinance.getcarbon.co/ and start your journey to accessible finance. Completely fill the required information and upload requested documents for eg: Valid ...
Why Choose Carbon Loans
When it comes to financial solutions, Carbon Loans stands out as a top choice. Here’s why opting for a Carbon Loan can be a game-changer for you. Flexible and Accessible Whether you’re looking for a small amount to cover immediate needs or a larger ...
Do you give loans?
Yes, we offer instant loans to help solve urgent problems, cater to substantial expenses, and grow families and businesses. To be able to access a loan, you need to be on KYC level 2. Follow the instructions below to submit an application: Once ...
How much can my business access via the SME loan?
SME loan amount ranges from N300,000 to N10,000,000 as a starter. However, you can access more than these amounts as a repeat client.