Lack of access to corporate finance from banks and other financial institutions has always been a significant issue in a large economy like Nigeria where the majority of businesses are driven by medium and small enterprises. The SMEDAN Agency is the means by which the government supports small and medium sized businesses in its operations.

What is SMEDAN?

SMEDAN stands for Small and Medium Enterprises Development Agency of Nigeria. SMEDAN was created in 2003 to assist Micro, Small, and Medium-Sized Enterprises (MSMEs) in their daily operations by promoting, assisting, creating an environment that is suitable to business, linking them to other businesses, and also by providing grants and loans.

Why Should You Register Your Business with SMEDAN ?

It has been demonstrated that registering your business with SMEDAN will give you access to a wide range of support services and opportunities. Promoting and facilitating access to infrastructure for businesses, such as layouts, incubators, and industrial parks; serving as a connection between the government and MSMEs (SMEDAN is the MSMEs' voice).

Here are a few advantages you might enjoy by doing business with SMEDAN.

• Connects you with other businesses. 

• Connects you to the private sector. 

• Access to trainings. 

• Access to grants. 

• Access to cheap government loans. 

• Improves visibility. 

• Keeps you up to date with new industry happenings. 

• Financial services. 

• Get access to loans from multiple providers. 

• Grants from governmental and private organisations.

• Business insurance. 

How to Apply for a SMEDAN Loan, Register , and Receive Your Certificate.

SMEDAN offers you financial services in the form of insurance and grants from public and private organizations, providing you access to advantages provided by the private sector, such as professional training and educational content, consultants, chances for private investment, and more. REGISTER HERE, to get Authentic SMEDAN certificate and apply for Smedan loan.

What is next after SMEDAN registration ?

Each registered business will be given a Unique Identification Number (UIN) following the registration procedure. The registered enterprises are also qualified to acquire a SMEDAN certificate in addition to the special number. The unique number is very important so don't be decieved out there by fake UIN, With your original  Unique Identification Number (UIN) you're entitled to smedan loan. 

How to Apply and Get a SMEDAN Loan?

An MSME may find it difficult to obtain credit facilities from commercial banks and other financial institutions. Most of the time, it is just impossible because banks frequently view MSMEs as high risk, even when they have a tangible form of collateral. 

This is due to factors such as their profiles, which are either vague or thin, low staff strength, few assets (if any), fewer jobs performed, etc.

Do I meet the requirements for a SMEDAN loan? Actually, as long as your SMEDAN registration is complete and your business has a specific SMEDAN number, you are qualified to apply for a SMEDAN loan. To be taken into consideration, you must also apply for loans related to your business.

Requirements to Register your get Business with SMEDAN.

You must meet specific requirements in order to register your business with SMEDAN. You (the proprietor/proprietress) must satisfy the following essentials and requirements in order to register with SMEDAN:

• You must be Nigerian.

• You must reside in Nigeria.

• BVN of proprietor(ess).(Optional)

• You must be between 18-45 years old.

• Valid government-issued identification e.g International passport, NIN, Voters’ card, or Drivers License.

• Valid email and phone number.

• SME must be registered with CAC and other relevant authorities. (Optional).

NOTE: While registering for smedan your BVN won't be requested by the individual registering for you.

How does the original SMEDAN certificate looks like?

The original SMEDAN certificate comes with an original signature of the Director General  Mr OLAWALE FASANYA. And with an original SMEDAN unique identification number, which will be used to login to the SMEDAN portal to access your benefits, and access to your business page. 

Can I use a SMEDAN certificate in the bank?

SMEDAN can help small enterprises get finance from the private sector as well as loans from the government. For instance, commercial banks, financial institutions, and banks that provide microloans.

For more information or any questions MESSAGE US.