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SME Grow My Business

Zenith Bank is committed to partnering with micro, small and medium enterprises (MSMEs) to grow their potential and achieve entrepreneurial success.

SME Grow my Biz Accounts

SME Grow My Biz offers a suite of customized value propositions that will provide support to MSMEs for sustainable growth. So whether you want a basic account or one bursting with options, you will find the right account that meets your needs. Visit any of our branches to open your account today.

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SME Basic Account

Micro Enterprise

Annual  Turnover Below N20M

Minimum daily operating balance:

N20,000

Account Opening Deposit:

N0

Account management fee:

N0.10k***

SME Premium Account

Small Enterprise

Annual Turnover N20M-50M

Minimum daily operating balance:

N50,000

Account Opening Deposit:

N0

Account management fee:

N0.20k***

SME-Ultra Account

Medium Enterprise

Annual Turnover
N50-100M

Minimum daily operating balance:

N100,000

Account Opening Deposit:

N0

Account management fee:

N0.50k***
***Terms and Conditions apply.

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Zenith Bank SME GMB Loans

SME GMB Loans

SME Grow My Biz (GMB) offers a wide assortment of loan types to cater for every business contingency. So bring on the big ideas and let us make a difference.

Z-WOMAN LOAN

Z-Woman

Z-Woman is our single digit loan product for female owned businesses for all sectors primarily geared toward growing our SME sub-sector and diversifying our customer base. 


Eligibility

Female owned businesses with shareholding of 50% or any majority shareholding provided it's owned by a woman.

Purpose
Business Expansion (Working Capital Requirements, Purchase of Raw Materials, Raw Materials & Infrastructure upgrade)

Sectors
Beauty/Style, Confectionery, Fitness, Agriculture & Others

Rate: 9% p.a

Maximum Loan Amount: N10M

Loan tenor:  12 to 24 months

Repayment
Monthly or quarterly repayments in line customer’s cash flow from sales/collections into account with Zenith Bank

Management Fee: 1% flat

Security
Acceptance of the BVN covenant, Personal guarantee of customer, Insurance, Positive Credit Checks, and Company Profile

How to Apply
To apply for Z-Woman Business Package, simply visit the nearest Zenith Bank branch.

Enquiries
For more enquiries, kindly send an email to zenithretail@zenithbank.com or zenithdirect@zenithbank.com 

SME LOAN

Our SME Loan is structured to provide access to funds for business expansion needs with flexible repayment plans and competitive interest rates for specific business sectors. This loan type has been specially designed to promote expansion in the Beauty/fashion, Confectionery and Fitfam/healthy living sectors

EligibilityMSMEs duly registered in Nigeria.

PurposeBusiness Expansion (Working Capital Requirements, Purchase of Raw Materials, Raw Materials & Infrastructure upgrade)

SectorsBeauty, Confectionery and Fitfam sectors

Rate: 9% p.a 

Maximum Loan Amount: N5M

Loan tenor:  12 to 24 months

RepaymentFlexible repayments in line customer’s cash flow from sales/collections into account with Zenith Bank

Management Fee: 1% flat

SecurityAcceptance of the BVN covenant, Personal guarantee of customer, Insurance, Positive Credit Checks and Company Profile 

How to ApplyTo apply for the Zenith SME loan, simply visit the nearest Zenith Bank branch and speak to any of our relationship managers.

EnquiriesFor more enquiries, kindly send an email to zenithretail@zenithbank.com or zenithdirect@zenithbank.com 

BUSINESS LOAN

The Zenith Bank business is structured to provide access to funds for your business expansion needs with flexible repayment plans and competitive interest rates. Our main objective is to alleviate financing constraints faced by MSMEs and small Corporates in Nigeria through the provision of market leading funding solutions tailored for your specific business. 

EligibilityMSMEs and Corporates duly registered in Nigeria.

PurposeBusiness Expansion (Working Capital Requirements, Purchase of Raw Materials, Raw Materials & Infrastructure upgrade)

SectorsAll legal business sectors

Rate: 22% p.a (Negotiable)

Maximum Loan Amount: N20M

Loan tenor:  12 to 24 months

RepaymentFlexible repayments in line customer’s cash flow from sales/collections into account with Zenith Bank

Management Fee: 1% flat

SecurityAcceptance of the BVN covenant, Personal guarantee of customer, Insurance, Positive Credit Checks, Company Profile and any other requirement in line with specific business model

How to ApplyTo apply for the Zenith Businerss loan simply visit the nearest Zenith Bank branch and speak to any of our relationship managers.

EnquiriesFor more enquiries, kindly send an email to zenithretail@zenithbank.com or zenithdirect@zenithbank.com 

CREATIVE INDUSTRY FINANCING INITIATIVE (CIFI)

The Central Bank of Nigeria (CBN) in collaboration with the Bankers' Committee as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Financing Initiative (CIFI) fund.

 Eligible activities/businesses

  1. Fashion
  2. Information Technology
  3. Movie Production
  4. Movie Distribution
  5. Music
  6. Software Engineering student Loan

 

 Abridged Terms and Condition of the Scheme

  1. Fashion

Facility Amount: dependent on project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. Information Technology

Facility Amount: Dependent on project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. Movie Production

Facility Amount: Up to N30million
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. Movie Distribution

Facility Amount: Up to N500 million
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. Music

Facility Amount: Dependent on project requirement
Tenor: Up to 10 years
Pricing: 9% p.a.
 

  1. Software Engineering Students

Facility Amount: Up to N3million
Tenor: Up to 3 years
Pricing: 9% p.a.
 

Documents Required for Disbursement

  1. Accepted Offer Letter
  2. 2. Business Plan
  3. Board Resolution (if corporate)

Zenith Bank Google My Business

Google My Business

With Google My Business, you get more than a business listing. Your free business profile lets you easily connect with customers across Google Search and Maps.

SUBSCRIBE TO GOOGLE MY BUSINESS

Zenith Bank Insure Your Business

Insure Your Business

Insurance is a form of risk management used to hedge against the risk of uncertain loss and provide a guarantee of compensation and peace of mind for the specified loss in return for a specified premium. It also helps you pay for damage to your property or pay others on your behalf when you damage their property.

Recommended Products:

  • Motor Insurance
  • Group Personal Accident
  • Combined Fire & Burglary
  • Plant All Risk

Engage your Account Relationship Manager for guidance.


Business Tools

The Mortgage calculator helps you to estimate your monthly mortgage payment and see how changes to the term of your mortgage could impact on your repayments.

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