How to Apply for First Bank CBN Intervention Funds for Start- Up & Projects Expansion – This post contains the steps and guides on how you can apply for first bank/CBN Intervention funds for start. Interested applicants are encouraged to read through this article in other to get the full information.
This is a special intervention fund of N300bn established by the Federal Government through the CBN to address the financing needs of start-ups and expansion projects of large enterprises of N500 million up to a maximum of N10 billion.
The real sector activities targeted by the facility are manufacturing, agricultural value chain and selected service sub-sectors (hospitals, schools and hotels).
Features / Intervention Funds for Start- Up & Projects Expansion
- Low interest rate to customers (9% all-in, max)
- Available for start-ups
- Long-tenured (up to 15years)
- Obligor limits of between N500m and N10b.
- The scheme is available till December 31, 2030.
- Funding provided at cheap cost.
- Very long tenor of loan.
- Funding targeted to start-up projects.
Target Market / Intervention Funds for Start- Up & Projects Expansion
Large-scale enterprises in the manufacturing, services and agricultural value chain wholly-owned and managed as a Nigerian private limited company registered under the Company & Allied Matters Act of 1990.
Steps to Apply
. On the web page
. Intending applicants should click on the registration button.
. An online format will appear
. Enter your details correctly. An email will be sent your registered email address.
. Visit your email address to verify link sent to you.
. After verification, you can apply for the loan.
How to Apply
Interested Nigerians should click to apply via the link
Note, make sure all details are filled correctly.
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