Access to capital is the #1 hurdle for Nigerian SMEs. However, 2026 has brought new hope with the launch of the World Bank FINCLUDE project, providing $500 million in low-interest credit for small businesses and agribusinesses.
1. FINCLUDE and DBN Loans
The Development Bank of Nigeria (DBN) now offers 3-year maturity loans for equipment and inventory. In 2026, these are accessible through major commercial banks like FirstBank and Access Bank. These loans are specifically designed to help SMEs move away from high-interest short-term ‘payday’ loans.
2. Invoice Discounting
If you have supplied goods to a reputable company but are waiting 60 days for payment, you can use Invoice Discounting. Your bank gives you up to 70% of the invoice value immediately so you can fund your next import. This is a vital tool for maintaining 2026 cash flow.
3. Export-Link Financing
For those doing ‘Back-to-Back’ trade (importing raw materials to export finished goods), NEXIM Bank offers Pre-Export Finance. This allows you to use your export contract as collateral. Read our Agro Export Guide for more on this.
Conclusion
2026 is the year of ‘Structured Finance.’ Don’t use your personal savings for everything; leverage the new SME instruments available. For a look at the paperwork needed for these loans, check our Trade Document Checklist.