Intervention Funds
| Intervention Funds | What we can offer | Benefits |
|---|---|---|
| Central Bank of Nigeria (CBN) | We can help you access Intervention funds from CBN such as the N100billion Health sector Covid-19 Intervention; the N1Trillion Covid-19 Intervention; Micro, Small, Medium Enterprises Development Fund (MSMEDF), Commercial Agric Credit Scheme (CACS), Real Sector Support Facility (RSSF); CIFI; etc. faster to meet your urgent business needs. | Single digit interest rate of up to 5% (this is 5% up until March 2021, thereafter, reverts to 9%) |
| Bank of Industry (BOI) | We can help you access Intervention funds from BOI for your day to day business operations and acquisition of assets by directly applying to us | Low interest rate of up to 16%. Quick access and availability |
| Development Bank of Nigeria (DBN) | FCMB can on-lend SMEs in the following business segments: trade and commerce; manufacturing ; agriculture; oil and gas; transportation; education; construction; professional and other services; hospitality; health and social work; admin and support service; and information and technology DBN funds to grow their businesses and ensure development. |
The loan repayment tenure is flexible (up to 10 years with a moratorium period of up to 18 months). The pricing is competitive and the time to serve is very short.
|
If you don’t have enough security, our Risk Sharing Structure can help make things easier.
Moratorium
- You can roll over your working capital for up to a year if you need more time.
- There’s also an option to pause your principal payments for up to a year on term loans and refinancing.
How to apply
Just send a request to your Relationship Manager at your nearest FCMB branch, or email us at SMEhelpdesk@fcmb.com.
If you don’t have an FCMB business account yet, you can open one today.