The process of starting a business has expenses. Starta Nigeria loans are specifically created to assist in financing the next biggest thing. A start-up loan is more advantageous than letting equity go for investors, or taking money from friends and family.
Starta Nigeria is a platform that provides loans with the goal to assist small and local companies with low startup capital to help them grow their businesses that grow in time.
The platform online starta.ng was launched in the year 2020, in collaboration with Our network of partner organizations in order to offer entrepreneurs a greater opportunity to access loans across the country.
Starta is not just a lender who gives out loans, but also helps businesses by providing guidance and instruction on to help grow your company, as well as other problems faced by entrepreneurs.
How To Apply For Starta.ng Business Loan
What you need to do is to apply is to follow just a few steps, Your application is then reviewed, and the decision will be sent to you within 2 weeks.
For a Starta loan to apply, you must be 18 years old, possess an Nigerian ID , and your company must not be more than five older.
Types of Loan Offer by Starta
There are two types of loans offered from Starta ng and they are:
Non-registered business loans
This loan is intended for businesses which isn’t registered with the Corporate Affairs Commission (CAC) The loan Starta will give to this type of company is between #100,000 1,000,000.
Before you apply, be sure to have your personal information, including name address, email address, phone number and other business information ready.
Business loan registered as a registered business
This loan is available to businesses that is been registered with the Corporate Affairs Commission, the loan is higher than the loan for non-registered businesses and the loan amount is between #100,000 and 10 million Naira.
Before you apply, obtain your personal information, business information, like the income statement and cash flow prepared.
Rate of interest and time to payback
Starta loan is among the loan options that is flexible in Nigeria The payback time is in months, and could be as longer than five years and an interest rates of 6% per annum dependent on how much loan requested for
How long will it take to review and then disburse the the loan?
Starta is slow to approve a loans, they’ll go through every single document, and it could take weeks or months before they are done, but once they have approved the loan, it will be granted in just a few just a few minutes.
The benefits you can receive through Starta business loan
As I mentioned in the the introduction Starta loan exists to help you expand your business. They don’t just help with loans they also provide the following
They offer the guidance you require to grow your business.
There are opportunities to connect with other like-minded people or even have a mentor
A seasoned business owner will work with you for three months
Business advice helpline is available to call anytime things go south.
If you’re in search of the most effective business loans in Nigeria Get an enterprise loan is the best option.