Are you looking for more funds to expand your business? the best alternative is to consider getting Online Microfinance Loans For Businesses? keep reading as we are about to list some online loan platforms that help entrepreneurs with loans for their businesses.
Below are some leading Online Microfinance Loans For Business:
LYDIA is an online platform that provides businesses access to finance. The platform offers small and medium-sized businesses loans of between $500 and $15,000. Lidya uses technology and algorithms to analyze the risk before granting the loans, it allows them to offer financial products to these customers at a low cost of interest
KiaKia is a digital money lender for Nigerian businesses. KiaKia utilizes, big data, machine learning, and digital forensics for its proprietary credit scoring and credit risk assessment algorithm to provide direct and peered personal and business loans to millions of individuals and SMEs without credit detail. The name KiaKia was derived from a Nigerian language that means “Fast Fast” the solution is very simple and fast, but highly effective and efficient.
GroFin offers small and Medium Enterprise business loans across Africa & the Middle East. If you are in need and looking to expand your business, then GroFin is your best short.
With GroFin, businesses can access business loans between US$100,000 and US$1.5 million. if you are interested in getting this loan then you can submit your online application Now.
OneFi formerly known as “one credit” is an online credit facility company that offers short-term loans to credit-worthy individuals with limited access to finance.
One-Fi loan repayment time is between 3 – 12 months, with loan amounts ranging from N40,000 – N2 million. You can apply here>>.
C24 Limited is a microfinance institution that was established with the sole aim of creating an avenue for people to actualize opportunities around them, by helping them access cash loans when in need of them.
This platform understands the need for quick cash loans and the necessity for a faster loan processing time. Their online loan process has been optimized to help applicants to avoid stress.
QuickCheck is a modern lending platform for individuals and small businesses. This platform uses mobile technology to enable individuals and small businesses to have access to financial credit. According to the platform, users can access quick loans of up to 30,000 Naira without any collateral for a duration of either 15 or 30 days.
7. CARBON (Formerly PAY LATER)
Carbon is a flexible and entirely online lending platform that offers short-term loans to individuals and small businesses in Nigeria to assist individuals with urgent cash needs.
With Carbon, you can access up to 500,000 Naira loans with no collateral. Once your application is approved, funds are immediately received within 1 – 3 business days. repaying on time can grant you access to higher credit limits for your next loan.
Aella Credit is building platforms that make it easier for individuals in Africa to access financing. Mainly focused on employee lending and empowerment, the company has affiliated with three main credit bureau agencies in Nigeria. they provide fast and affordable loans with no paperwork.
Aella Credit uses a proprietary credit scoring algorithm to determine the credit qualification of its users. The algorithm processes an applicant’s eligibility for a loan by considering social and demographic factors as well as their debt to income ratio.
Zedvance is a consumer finance company committed to providing credit to individuals. You can borrow up to 3 Million Naira in less than 24 hours.
The company mainly offers loans to salary earners but if you are a salary with a side business, you can pick up the deal to finance your business.
SMEDAN is a government-backed initiative to provide quick and easy business loans to Nigerian SME businesses in need of financing. The major aim of the organization is to promote entrepreneurship among Nigerians and also provide capital to begin a business.
SMEDAN also provides business owners with hands-on training and support to help them run their businesses. Click here to access their online application portal if interested.