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Small Business Solutions

We anticipate your needs and we are here to provide solutions that work for you.

Small Business Solutions

We understand your financial needs, and are committed to providing access to flexible funding options, fast.

Small Business Solutions

Our confidence in small businesses across the country drives our mission to help them realize their greatest capabilities.

Elevate your small business

Experience the advantages of being with Nigeria’s leading bank, full of professionals who will listen and advise on how best to move your business to the next level. Take advantage of the many benefits of a Zenith business account and gain an edge over your competition. Get an account that actually helps your business grow.

Bank Account

Everyone is different so one size never fits all. That is why we have a wide range of accounts to fit everyone. So whether you want a basic account or one bursting with options, you will find the right account that meets your expectations.

SOLE PROPRIETORSHIP / ENTERPRISE ACCOUNT

Doing business is a breeze when you have the right account. So get an account that offers solutions to help you reach your goals. By providing resources and offering advisory services we will help you along on this journey because we consider your small business a pretty big deal.

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PARTNERSHIP ACCOUNT

When you join your college buddy or your second cousin to set up a business, a lot of things could get very complicated very fast. Your bank account should not be one of them. Our partnership accounts are simple and straightforward, enabling you focus on running your business.

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CLUBS, SOCIETIES, ASSOCIATIONS

When your alma mater forms a registered association of old students, or your golfing pals decide to take the friendship to the next level, our accounts for Clubs, Societies and Associations will come in very handy indeed, with clearly defined reporting that keeps everyone in the know.

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TRUST FUNDS

Long thought to be the exclusive preserve of the ultra-wealthy as a way to protect passing on significant sums of money, our trust funds can actually be set up by anyone in any income bracket to ensure their loved ones are provided for when the inevitable happens.

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Business Services

International trade can be a complicated endeavor. So you need a bank that understands international trade and can offer the best advice, as well as outstanding transaction processing capabilities.

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Electronic Banking

Business is increasingly mobile as opportunities may arise far from home base. Taking advantage of these would often be impossible without access to your bank and funds wherever you may be on the planet.

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Merchant Services

Profit is the object of business and in these days of fast-paced commerce, every business needs to ensure it can get paid in any medium of the customer’s choice.

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Small Business Loans

From time to time in life and business, we find ourselves needing a little or a lot more money than we have to meet certain pressing financial goals.

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The Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS)

AGSMEIS is a Federal Government Scheme that promotes agricultural businesses, micro, small, medium enterprises (MSMEs) thereby creating an avenue for improved employment generation and sustainable economic development.

This scheme has enabled Zenith Bank give businesses the opportunity to access low interest loans in form of Debt or Equity.

ELIGIBLE BUSINESSES

  • Agricultural sector.
  • Real sector including Manufacturing, mining and petrochemicals.
  • Service sector including Information and Communication (ICT) and the creative Industry.
  • Other businesses as determined by the Central Bank of Nigeria (CBN).

LOAN OPTIONS

  1. Debt Component – This makes up 50% of the funds which will be disbursed as loans to eligible businesses through Commercial Banks.
    Terms
  • Loan Limit: ₦10 million (Maximum)
  • Interest Rate: 5% p.a
  • Tenor: Up to 7 years
  • Moratorium: Maximum of 18 months on Principal and 6 months on Interest

 

  1. Equity Component – This constitutes 45% of the funds which will be channelled through Fund Managers for equity investments in agri-businesses and SME’s.
    Terms
  • Loan Limit: Not more than 40% of the investee company’s equity subject to a maximum of ₦2 Billion.
  • Tenor: Up to 10 years with an initial lock period of 3 years.

REQUIRED DOCUMENTATION

  • Duly Completed Application Form
  • Bank Verification Number (BVN)
  • Certificate of Training from a recognized Entrepreneurship Development Institution (EDI) or evidence of membership of organized private sector association
  • Letter of Introduction from any of the following- Clergy, Village Head, District Head, Traditional Ruler, Senior Civil Servant etc (for Individuals and Micro Enterprises Only)
  • Evidence of Registration of Business Name or Certificate of Incorporation and filing of annual returns (where applicable)
  • Tax Identification Number (TIN) and current Tax Clearance Certificate (where applicable)

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HOW TO ACCESS THE LOAN / LOCATIONS

You have to be trained by an Enterprise Development Institutions, after which the application form will be given to you for completion and submission to the Central Bank of Nigeria (CBN).

CBN will ask banks to verify your account details and then conduct it’s own assessment before disbursement of funds.

ENTERPRENEURSHIP DEVELOPMENT INSTITUTIONS IN LAGOS

S/N

ENTERPRENEURSHIP DEVELOPMEMT INSTITUTION (EDI)

CONTACT PERSON

CONTACT PHONE

LOCATION

1

National Association of Small Scale Industries (NASSI)

 

 

Lagos

2

House of Tara

 

 

Lagos

3

Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)

 

 

Lagos

4

Fate Foundation

 

 

Lagos

5

Lagos State Employment Trust Fund (LSETF)

 

 

Lagos

6

EDC - Lagos Business School

 

 

Lagos

7

African Leadership Forum (ALF)

Executive Director

08023011543

Lagos

8

National Directorate of Employment (NDE)

Mr Chidiebere

08037004984

Lagos

 

 

 

 

 

Care & Support

Email: zenithdirect@zenithbank.com, call 234-1-2787000, 0700ZENITHBANK or visit the Zenith Bank branch closest to you.

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