Frequently Asked Questions


  1. How do I create a Profile?
    Visit, click the” Register” link and provide business details and password.

Applying for a Loan

  1. How do I apply?
    Visit and click the ”Apply Now” button. If you are a first time borrower, you will be able to apply for a loan only after registration. Click the “Register” button to create an account with BizNurture. Customers who are already registered with BizNuture can apply for loans once logged on to the web application.

  2. How much can I borrow?
    Minimum loan amount is #500,000 and the maximum amount is #5,000,000.


  1. What loan products does BizNurture offer?
    - SHORT TERM LOANS : pay one-off expenses or take advantage of a great business opportunity such as a sales discount, special orders, etc
    - LPO FINANCING : A financing option for small businesses that need money to meet a single or multiple job order(s)
    - INVOICE DISCOUNTING: A financing option for small businesses to borrow money against amounts due from customers.
    - WORKING CAPITAL FINANCE: A financing option for small businesses with regular revenue streams that need money to finance everyday operations, pay one-off expenses or take advantage of a great business opportunity such as a sales discount, special orders, etc
    - EDUBIZ LOAN: A financing option for schools that need funds to execute a short term project or pay a one off expense. Repayment is done termly in line with when school fees are received.

Loan Requirements

  1. What are the eligibility requirements?
    Business must have been in operation for 2 years or more
    Business must be located in Lagos or Port-Harcourt
    Request letter on business letterhead
    CAC Documents
    6 Months Bank Statement
    Copy Of Valid ID Card of business owners.
    Where applicable, documentary proof of what funds will be used for e.g. copy of LPO, Invoice, etc.
    Enterprise/ Ventures: a minimum of 2 guarantors
    Limited Liability Company: Managing Director and a minimum of 2 other guarantors
* Please note that meeting the eligibility criteria does not automatically qualify you for a loan with us. Your application would be reviewed by the BizNurture Team. To grant or refuse a loan application is completely at our discretion.

Accessing Loans

  1. Must I have an account with an initial deposit before I can access loans from BizNurture?
    No. BizNurture does not accept deposits


  1. Does BizNurture request for collateral?
    No, we only take post-dated cheques. You do not need physical collaterals such as landed property, vehicles, e.t.c.
    You also have to provide a minimum of 2 guarantors for your loan


  1. What is the interest rate?
    6% per month

  2. Are there any fees or charges separate from the interest on the loan?
    Yes. Administrative fee of 2% (one-off at loan inception)


  1. How long does it take between loan application and disbursement ?
    Usually, within 48 hours after all relevant loan documents have been executed and returned to BizNurture, and are satisfactory.

  2. Can Business owners access loans in 48hours?
    Typically for returning clients yes,but it may take a bit longer for first time clients.

Loan Term

  1. How long can I take a loan for?
    The minimum and maximum loan terms are 1 month and 8 months respectively


  1. Can I make part-payment on my loan?

  2. Can I pre- liquidate my loan?

  3. Will I incur a charge if I pre-liquidate my loan?

  4. Is there any benefit for pre-liquidating my loan?
    Your interest is prorated when you pre-liquidate.

  5. Can I change my repayment date?
    Yes, if there is a valid reason for this. However, this will attract a restructuring fee

  6. How do I repay if I don’t want my cheques presented?
    You can make transfers/ deposits into BizNurture’s Bank account.


  1. How can I interact with staff of BizNurture?
    Send an email to
    Call: 0907 007 777 or 0700-BIZNURTURE
    Contact Form on website
    Chat App

Investments in BizNurture

  1. Can an individual invest in your pool of funds
    We handle this on a case by case basis. Kindly send an email to