SME Loans And Advances
We provide flexible/low-cost financing to SMEs
Making Financing Accessible to MSMEs in Nigeria
Our loan products for MSMEs have been tailored to help further ease the poor-access-to-finance burden confronting MSMEs in Nigeria in line with our avowed desire to be at all times, the go-to bank for funding and allied support for MSMEs powering the growth and development of the Nigerian economy.
These bespoke financing/loan products are detailed below:
LOANS & ADVANCES
SME Quick Loans
SME QUICK LOANS
Commercial Support Short Term Loan
This is a working capital loan for business owners to meet urgent cash needed for their business expansion.
This loan is open to Micro, Small and Medium-scale businesses (MSMEs) with stable cash flow and operating in Lagos, Abuja, Enugu, Imo, Abia, Edo, Kano, Bayelsa, Kwara, Rivers and Niger States.
- Customers can get up to ₦20 Million and repayable over 6 months to expand their business and meet their cash flow demands
- Applicant’s formal letter of request for the loan
- Business should have at least 3-months banking relationship with Fidelity Bank or other banks
- Applying businesses must be registered
SME QUICK LOANS
Commercial Support Overdraft
This overdraft enables business owners to finance their short-term cash flow and working capital needs to expand their business.
- Customers can get up to ₦10 Million payable over 3months to expand their business and meet their cash flow demands
- Applicant’s formal letter of request for the loan
- Business should have at least 3-months banking relationship with Fidelity Bank or other banks
- Applying businesses must be registered
SME QUICK LOANS
Traders Support Facility (TSF)
This is a short-term loan designed for small and medium-scale businesses operating the fast-moving consumer goods sector in well-organized clusters around the FESTAC area of Lagos State.
- The loan is a working capital finance
- This loan is available as an overdraft or term loan
- Eligible businesses can access term loans and overdrafts of up to N20m and N40m respectively, for up to 12 months
- Only identified small and medium-scale businesses around FESTAC area of Lagos State are eligible for this loan. These clusters include Balogun Business Association (BBA), Auto Spare Parts & Machinery Dealers Association (ASPAMDA), Alaba, Tyre Market, APT Jewelries Market, and Orile/Odunade Building and Plumbing Materials Market
- Access to loans of up to N3m without any collateral
Loans above N3m will require shop documents or legal mortgage of property outside the market
SME QUICK LOANS
Fidelity SME Term Loan (FSTL)
Targets NMSMEs with daily cash flows and short cash conversion cycles.
- Customers can access up to N50m for both working capital and asset financing.
- Repayable structure of 12 months for working capital and 36 months for asset financing.
- Customers must have a Fidelity bank account for at least 3 months. Â Other Ts&Cs apply.
For more information, visit the nearest Fidelity Bank branch or email us at [email protected]
LOANS & ADVANCES
Specialized MSME Loans
SPECIALIZED MSME LOANS
Fidelity EduLoan
The Fidelity Eduloan is designed to provide working capital and asset or expansion finance to registered private school- (primary, secondary, and tertiary) owners who require funds for smooth running of their schools.
- Eligible private schools can access a short-term loan of up to N30m payable over a period of 3 academic terms
- Eligible private schools can get a long-term loan of N150m payable over 9 academic terms
- The school must be registered with the relevant State Ministry of Education or the Federal Ministry of Education
- The school must have been in operation for a minimum of 2 years
SPECIALIZED MSME LOANS
Fidelity Private Medical Support Scheme
The Fidelity Private Medical Support Scheme is a type of loan designed to meet the financing needs of eligible private hospitals. It offers up to N20m for working capital and asset/expansion finance.Â
- Working capital for up to 6 months availed as overdraft.
- Asset and expansion finance for up to 24 months availed as Term Loan.
- The hospital must be registered or incorporated
- The hospital must have been in operation for a minimum of 5 years.
SPECIALIZED MSME LOANS
Fidelity Pharmacy Support Facility (FPSF)
The Fidelity Pharmacy Support Scheme is a type of loan designed to provide short and medium-term finance to pharmaceutical professionals to grow their businesses such as  procuring and replenishing stock for sale.
- Must be a practicing pharmacist with the relevant license issued by the Pharmacists Registration Council of Nigeria
- Must have been in business for at least two years
- Must be an active member of Association of Community Pharmacist of Nigeria (ACPN)
- Get finance up to N10 Million
- Loan tenor of up to 24 Months
- Loan to be administered as Term Loan (Monthly repayment of Principal + Interest over the loan tenor)
- Collateral is letter of recommendation from Association of Community Pharmacists of Nigeria (ACPN)
- Personal Guarantee of the Prime promoter alongside a statement of net worth.
SPECIALIZED MSME LOANS
Fidelity Small Lease Finance (FSLF)
Small lease finance is a loan offering for the purchase of assets for MSMEs such as vehicles, generating sets, equipment and other related business asset.Â
- Customers can get upto N20 million payable over 12 months for generating sets and other assets.
- Customers can get upto N20 million payable over 24 months for vehicles and equipment.Â
- Customer’s formal request letter.
- Proforma Invoice of the asset to be purchased.
- 30% equity contribution of the value of the asset.Â
SPECIALIZED MSME LOANS
FundHer
The FundHer Loan is a financing product designed to provide financial support to Women-Led Small and Medium Enterprises (WSMEs) in Nigeria. The product offers three types of financing: Working Capital, Asset Finance, and Expansion Finance.
- Access up to N50m for working capital
- Access up to 100m for asset financing and expansion finance
- No collateral required for N20m and below for working capital
- Access to business management training for sustainable growth
- Access to funding at competitive rates and less than commercial rate.
- Women-led SMEs in Nigeria
- Female-owned startups and SMEs in Nigeria
- Women entrepreneurs seeking funding to scale and expand
- Female agripreneurs in agribusiness and food processing
- Women-led tech startups and digital businesses
- Female-owned healthcare and wellness businesses
- Women in education, consulting, and professional services
- Women in businesses in Trade, Commerce, Manufacturing, or Services
- Women in the creative industry (fashion, beauty, entertainment, content creation)
Collateral requirements for the FundHer Loan vary based on the loan amount. For loans below N20 million, flexible collateral options are available, regardless of the product category (Working Capital, Asset Finance Loan, or Expansion Finance Loan).
However, for loans exceeding N20 million, legal mortgage or cash collateral is mandatory.
For more information, visit the nearest Fidelity Bank branch or email us at [email protected]
LOANS & ADVANCES
Development Finance Loan
Development Finance Loan
Development Finance and Intervention Funds
The Intervention Funds is a loan product designed to provide access to finance for businesses in all sectors. The Intervention Funds provide working capital finance as well as asset, and expansion finance to businesses.
- Must be a registered business
- Must have a current account with Fidelity Bank
- Companies must be properly structured
- Get finance up to N1.8 Billion
- Loan tenor of up to 6 Years
- Competitive Interest rates
- The product finances working capital, asset acquisition, and expansion
- Customer Request Letter
- Recent 12 months statement of account(s)
- Detailed business plan
- Invoices (mandatory for asset finance)
- Bill of Quantity (where applicable)
- Projected Cash flow Analysis
- Valuation report/Collateral visitation report of proposed collateral
- Verified collateral documents (without encumbrance)
