The Agency which metamorphosed from the highly successful Delta State Micro Credit Programme is mandated to facilitate, encourage and support the extension of financial services to micro, small and medium enterprises in the state.
Mon-Fri: 08:AM - 4:PM
Office Call 0803 397 3772
3, Michael Fidelis Nwaefulu Street, GRA, Behind DSS Office, Asaba.
Start or expand your business with loans, grants and government assisted support.
DEMSMA helps small businesses get loans
DEMSMA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. DEMSMA reduces risk for lenders and makes it easier for MSMEs to access capital.
Counseling and education
Some loans come with continued support to help you start and run your business. To this end, DEMSMA provides business support and advisory services to MSMEs through it’s EDC all year round.
Lower down payments, flexible overhead requirements, and no collateral needed for some loans.
Protect yourself from predatory lenders by looking for warning signs.
Get N50,000 to N5.5 million or more to fund your business
Loans from financial institutions range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with a DEMSMA-approved lender when requesting a loan. Your lender can match you with the right loan for your business needs.
Like seasonal financing, export loans, revolving credit, and refinanced business debt.
Like furniture, real estate, machinery, equipment, construction, and remodeling.
Lenders and loan programs have unique eligibility requirements. In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding. The lender will provide you with a full list of eligibility requirements for your loan.
Be a for-profit business
The business is officially registered and operates legally.
The business is physically located and operates in Nigeria.
Have invested equity
The business owner has invested their own time or money into the business.
Exhaust financing options.