Apply For SkyBank Loan For SME Asset Financing In Nigeria
If you are a SkyBank customer or you intend to borrow loan from them to finance your SME asset and, especially for private school owners, this is for you. Though it is a short term loan, nevertheless, it will go a very long way in uplifting your business. The bank says that nurturing businesses for growth means bridging identified gaps in client’s business. It also noted that one of those gaps is funding gap, for which it has developed several loan solutions for its SME customers. One of the bank’s earliest facilities for SMEs is the SME Asset Finance. The maximum loan amount is N10 million per obligor at every given time. Though the bank says the product is SME-friendly, it requires equity contribution of 20% of the loan amount from the loan beneficiary. The tenor of the loan is a maximum of 36 months (three years) but most offers are less than three years. It seems this loan package is targeted at private schools proprietors as the emphasis on the usage is to purchase laboratory...