Edge Biz
SME Loan
Designed for Small and Medium Enterprises, Edge Biz supports your working capital, asset acquisition, and business expansion needs, with fast processing and flexible repayment options.
Interest Rate
7%–10%
monthly flat · 84%–120% p.a.
Processing Fee
2%–3%
one-time
Collateral
₦5M+
threshold for secured loans
High-cost credit. Representative APR approximately 142%–214% per annum on a reducing balance basis, including the processing fee. Example: ₦1,000,000 over 6 months at 7% flat/month — total repayable ₦1,420,000, monthly ₦236,667, total cost of credit ₦445,000. See full rates, fees & APR.
Why Edge Biz?
72-Hour Processing
Fast loan approval: decisions within 72 hours of complete documentation.
Minimal Collateral
Loans below ₦5M may be unsecured with guarantors only.
Flexible Repayment
Daily, weekly, or monthly repayment aligned with your cash flow.
Eligible Loan Uses
- Working capital financing
- Purchase of inventory or raw materials
- Equipment or asset acquisition
- Business expansion (new locations, scaling)
- Short-term contract financing & LPOs
Eligibility Criteria
- Registered business with CAC documentation
- Business bank account with minimum 6 months history
- Verifiable business address
- Consistent cash flow or revenue
- Valid Bank Verification Number (BVN)