These online platforms are granting quick credit to small- scale businesses

2

usually, this may require business loan when other sources of income have been exhausted; but the thing is the process of obtaining loans are tiring, especially when you’re trying to get it from a bank for the purpose of a small business.

Raising money to keep the business going can be very difficult sometimes.

As a matter of fact, there are situations where the business is left to a standstill as a result of lack of funds.

This has been the major challenge for most entrepreneurs across the country and also a discouragement for many others.

The truth is many businesses need continuous funding to keep it going for a start until enough profit is generated to do the needful.

And usually, this may require business loan when other sources of income have been exhausted; but the thing is the process of obtaining loans are tiring, especially when you’re trying to get it from a bank for the purpose of a small business.

Be that as it may, there are some online lending platforms in Nigeria that support business owners by granting quick loans for their business. And we’ve highlighted a few of them in this article.

Here are some of the online platforms that grant quick loan to small-scale business

1. Lidya.co

Launched in November 2016, Lidya is a financial services platform that improves access to credit and finance across the country.

It provides access to finance for small and medium-sized businesses by offering unsecured loans of between $500 and $15,000.

  Fish farmingFish farming

According to Tunde Kehinde who is one of the company’s co-founder, Lidya is introducing a lot of technology, algorithms and machine learning to industrialize the credit assessment process.”

To assess credit risk, Lidya uses close to 100 data points to evaluate businesses, build a credit score unique to each business, and disburse loans in 24 hours or less.

Prev1 of 3
Click arrow keys to read the next part of this post

READ
Health Benefits of Drinking Bitter Leaf Water Revealed
 
FOR Trending Videos, Comedy, Viral Photos, Click to join Our INSTAGRAM: @withinnigeria
Don't Miss Out!! On Breaking News And Trending Topics

Get important updates via e-mail for free, you can unsubscribe anytime

Don't Miss Out!! On Breaking News And Trending Topics

Get important updates via e-mail for free, you can unsubscribe anytime

MORE INTERESTING POSTS

LATEST UPDATES

Get real time updates directly on you device, subscribe now.