Bank of Industry (BOI) General SME Fund / N75 Billion MSME Support Fund

About this opportunity

BOI offers loans from ₦1–₦1,000 million to registered SMEs across manufacturing, agro-processing, technology and services at roughly 9% p.a. Apply online via MyBOI portal; you'll need CAC registration, audited accounts, and a business plan.

Who can apply

• Registered business (CAC registration required)
• Valid BVN for owner and all directors
• Active business bank account
• 6–12 months of audited or management accounts (or 1 year bank statements for loans ≤₦10M)
• Documented business plan
• Feasibility study (required only for loans exceeding ₦10M)

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Full eligibility wording from the listing

CAC registration; valid BVN for owner/directors; active business bank account; 6–12 months audited/management accounts; business plan; feasibility study for loans >₦10M. For micro facilities (≤₦10M): bank statement from 1 year, business plan, equipment quotations.

Documents you will need

• CAC registration certificate
• Valid BVN for each owner and director
• Business plan
• 6–12 months audited or management accounts (or 1 year bank statements for micro facilities ≤₦10M)
• Feasibility study (for loans >₦10M only)
• Equipment quotations (for micro facilities)
• Proof of active business bank account

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How to apply, step by step

1. Visit the MyBOI portal (now live) at the Bank of Industry website
2. Create an account and complete your application form with business and director details
3. Upload all required documents: CAC cert, BVN copies, accounts, business plan, feasibility study (if applicable), and quotations
4. Submit your application and receive a reference number to track progress
5. Respond promptly to any requests for clarification or additional information from BOI
6. Wait for assessment; BOI typically contacts you to discuss terms once approved

How applications are selected

What reviewers look for

• Audited or recent management accounts matter most—incomplete or outdated financials delay review
• Business plan must show realistic revenue, cost and profit projections; generic templates are less persuasive
• For loans over ₦10M, a professional feasibility study demonstrating market demand and unit economics significantly improves chances
• Equipment quotations must be specific and current; vague or inflated figures raise red flags
• State the exact use of funds (working capital, equipment, expansion) with clear cost breakdown

Frequently asked questions

Guide written from the official programme page on 1 November 2026. Funders change their rules, so confirm the details on the official page before you apply.

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