How to Apply for First Bank/CBN Intervention Funds for Start- Up & Projects Expansion

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.

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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.

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Value Proposition/Gain

• 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.

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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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