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.
Counseling and education
Some loans come with continued support to help you start and run your business.
Unique benefits
Lower down payments, flexible overhead requirements, and no collateral needed for some loans.
Stay safe
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.
Working capital
Like seasonal financing, export loans, revolving credit, and refinanced business debt.
Fixed assets
Like furniture, real estate, machinery, equipment, construction, and remodeling.
Eligibility requirements
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 credit 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 the Nigeria or its territories.
Have invested equity
The business owner has invested their own time or money into the business.