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Loans for SME worth 10 Billion Naira – Rosabon

Who are Rosabon Financial Services?

Rosabon Financial Services is an award-winning market-oriented organization that creates wealth and facilitates growth in Nigeria.  

Rosabon Financial Services is a member of the Concept Group, Licensed by the Central Bank of Nigeria, CBN on April 22, 1993, and is a long-standing member of the Equipment Leasing Association of Nigeria (ELAN), the organization has evolved into Nigeria’s leading Non-Banking Financial Intermediary and Equipment Leasing firm focused on niche and general markets.

What does Rosabon Financial Services do?

Their work draws on over 23 years of experience in the field of finance management, tailoring lease, loans, and investment offerings to meet the financial needs of their customers either in the long or short term.

Achievements of Rosabon Financial Services

Over the years, Rosabon Financial Services have received awards (Local and International) for their outstanding work in the industry, some of which are:

African Financial Quality Service Loans

Award for best practice in Equipment Leasing

Corporate Venturing and Treasury Management 2014

These were given by the Institute for Government Research and Leadership and Best SME Financial Advisory Nigeria, 2015 by Capital Finance International, an affiliate of World Bank and International Finance Corporation and MEA Business Award for Leading Experts in Bespoke Wealth Management Services 2016 – Nigeria (The first of winner of such award in Africa).

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How much loan is Roasabon Financial Services given to SME’s?

Rosabon Financial Services has announced a new loan facility of up to Ten Billion Naira (N10bn) for eligible small businesses and corporate organizations in Nigeria.

Rosabon said in a statement on Sunday that the new facility is a part of its role in supporting businesses in Nigeria, especially in the face of the daring impact of the second wave of the COVID-19 pandemic.

How long does it take to get the loan from Rosabon Financial Services?

The company said businesses registered in Nigeria for more than a year were qualified for the facility, which would be available within 48 hours of application.

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The Managing Director, Chukwuma Ochonogor, stated that this year’s facility was to sustain support for business owners and limit the damage caused by the pandemic in the past year, and also help businesses become more resilient and sustainable in the wake of the pandemic’s second wave.

He said, “We know some business owners have experienced revenue loss, and some are still experiencing the revenue loss. That is why we have introduced loan facilities that will help their business operations to thrive.

“We hope as we journey with our business community by deploying our loan facility and expertise, we will be providing a much-needed financial cushion required to navigate the new normal.”

Ochonogor added that the bigger goal was to boost the country’s economic growth by supporting the businesses and corporate organizations through access to finance in the face of an economic recession and an increasingly tough operating environment.

He also pointed out, that Rosabon had earlier announced a series of loans to the tune of N5bn targeted at small businesses and corporates, healthcare service providers, civil servants, and others to cushion the impact of the pandemic and support the economy.

The company said the interest rate was at a single digit, with repayment tenor put at 24 months.

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