We believe that facilitating the growth of SME’s businesses by providing access to risk capital and business assistance can empower them to overcome the impediments to their growth and lead to the production of higher value-added products or services for both domestic and international consumers, while accelerating the development of their surrounding community.
why you should choose us
Access to Capital
Access to capital is often a major constraint for SMEs; local commercial banks might perceive them as being too “risky” to qualify for traditional loans. This is why we exist; to break the constraint.
Growth Partner
We do more than just finance your business, we also make sure we are with you every step of your business growth.
Support Backbone
LIC is here to support dedicated SMEs businesses and entrepreneurs with long term vision for success.
SMEs Provide Jobs
We believe that SMEs are vital to the health and stability of any nation. They traditionally constitute the largest portion of the employment base, hire the greatest number of new employees, and provide the majority of a country’s goods and services.
Management Skills
We will also help you enhance your management skills towards developing growth strategies as well as managing risks. This makes your business more viable and competitive, allowing you to make a mark in your community through job creation and improvement in the livelihoods of those around you.
Put Your Business on Track
We conduct quarterly checks on your business, which allow us to detect any areas that require attention and help you address them in a timely and efficient manner.
Who We Finance
LIC provides Small and Medium Enterprise (SME) finance/business loans to businesses in Nigeria and across the diaspora of Africa. If you are looking to start or grow your business, you need a committed partner who can provide finance and business support that is structured according to your needs.
Your business is in our sectors of focus:
Education, Healthcare, Agriculture, Manufacturing, Technology,Food services,Logistics, and amongst others, are the main sectors where we finance and support SMEs. We also consider businesses from other sectors.
You need medium term loan capital between:
500k – 10M
Your business is making a positive social impact:
Job Creation and improving lives
How We Fund SMEs
When you fill in an application for a loan, we assess your business and you will receive a thorough breakdown of its current health as well as the risks and opportunities. A finance committee of experienced professionals evaluates each loan application.
Process
Apply for Fund
When you fill in an application for a loan, we assess your business and you will receive a thorough breakdown of its current health as well as the risks and opportunities. A finance committee of experienced professionals evaluates each loan application.
Getting a Business Assessment
During this process, we make an assessment of your business, highlighting key risks and opportunities, as a form of pre-finance business support to make your business investment ready.
Aproving Your Application
A complete and verified application is submitted to a committee for review. Upon your approval, your application will result in an offer that will be documented in a formal letter to you
Disbursing Funds to Grow Your Business
Once you have formally accepted and met all the conditions and requirements of our offer letter, we will proceed with disbursing funds for your business.
Support to Grow Your Business
We will provide you with continuous value-adding business support focusing on your business’s needs. Our support is designed to enhance the success of your business while helping you implement your business plan.
Growing Your Business
Upon payment of your final installment according to an agreed financial plan or other agreed settlement, our formal involvement with your business ends. The final settlement is a good time to review your business plans and discuss any further finance and support needed in keeping with your future growth requirements.
What Makes us Different
Bank
No long term period of loan
No repayments structured according to your cash flow
No concerns on the viability of your business
Zero business support
LIC
Medium and Long term period of loan
Repayments structured according to your cash flow
We focus on the viability of your business
100% business support
Ready to Get Started?
Then click on the button to follow our step-to-step application process