GrantPilot does not give out this funding; Carbon does. We help you find it, check it is real and get ready to apply.
Carbon lends ₦50,000 to ₦9.5M unsecured to registered Nigerian SMEs with 6+ months trading history and ₦1M+ monthly turnover. Money arrives in 48 hours; no collateral needed. Know your cashflow before applying—your monthly repayment must not exceed one-third of it.
Unsecured business loans up to ₦9,500,000 for registered SMEs with flexible repayment terms up to 6 months. Instant approval and rapid disbursement (48 hours typical) via digital application.
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Active Carbon business account required for disbursement. Business registration (CAC). Bank statements demonstrating business activity. No collateral or guarantor required.
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Carbon assesses applications on your cashflow and trading history rather than collateral. Your monthly net cashflow must be at least 3 times your monthly repayment amount. The system pulls your bank statements automatically if you are already banking with Carbon, or you upload 6 months of statements from any bank. Your offer includes a confirmed rate (from 3.99% per month for Working Capital, rates vary by product and your credit assessment) before you accept, with no hidden fees. You see repayment terms—daily, weekly, or monthly—before committing.
What reviewers look for
Carbon offers CAC business registration support. You can get your business registered and loan-ready at the same time through their platform.
No. Unsecured loans up to ₦9.5M require neither collateral nor a guarantor. Working Capital loans are unsecured; Asset Finance loans are secured against the asset you are buying.
Account opening takes 5 minutes, document upload takes 5 minutes, and your application decision and disbursement happen within 24–48 hours. You could have money in your account within 2 days of starting.
Rates start from 3.99% per month for Working Capital loans, based on your credit assessment. Your exact rate is confirmed in your loan offer before you accept. The Flex Loan charges 6% flat. Asset Finance rates vary by evaluation.
You can set repayment frequency to daily, weekly, or monthly, with auto-debit from your inflows. The sources do not state early repayment penalties, so contact Carbon directly to confirm.
Guide written from the official programme page on 12 November 2026. Funders change their rules, so confirm the details on the official page before you apply.
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