Frequently asked questions

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BizNurture is an alternative lending venture with the goal of supporting the growth aspirations of small and medium-sized businesses through the provision of alternative finance.

BizNurture Financial Services Limited is under the BizNurture Group. It is the parent company to BizVest and BizPartner. Click here to see the team behind the brand

BizNurture caters to small and medium sized entrepreneurs. Anyone with a registered business of more than 2 years can use BizNurture to access loans subject to other eligibility requirements. Click here to know more

BizNurture is not a scam. BizNurture Financial Services Limited (BizNurture) is a duly registered company in Nigeria (RC 1403602). BizNurture is Anti-Money Laundering Compliant and is authorized and regulated by the Money Lenders Act.

To get started on BizNurture, simply open and register your free account on our website. You can then begin to access our loan options and find the one suited to your business. For more enquiries, contact us on loan@biznurture.com

  • Let your sales rep know or reach out to us via loan@biznurture.com, and we can restructure the balance of your outstanding obligation till payment is made.

  • To access the Fempreneur loan, the business must be either solely owned by a woman or jointly owned with a female founder as the majority shareholder.

  • We believe there may be other products more suitable for consulting businesses but we are happy to review your cash flow to help you determine the right product suitable for your business.

  • Private Hospitals, clinics, diagnostic centers that are registered with reputable HMOs and have operated for a minimum of 2 years.
  • Pharmacies either owned by a registered pharmacist or have a resident pharmacist with professional qualifications and license to prescribe drugs. The Pharmacist (or resident pharmacist) must be duly registered with the Pharmaceutical Council of Nigeria (PCN)

  • No, we only take post-dated cheques. You do not need physical collateral such as landed property, vehicles, e.t.c.
  • You also have to provide a minimum of 2 guarantors for your loan

  • Request letter on the company’s letterhead
  • CAC documents
  • 6 months bank statement
  • Copy of LPO to be financed / invoice to be discounted (where needed)
  • Copy of valid ID card
  • Copy of NIN Slip
Please note that more documents may be required depending on the type of loan requested.

  • A maximum tenor of 8 months

  • Please note that meeting the eligibility criteria does not automatically qualify you for a loan with us. Your application would be reviewed by the BizNurture Team. To grant or refuse a loan application is completely at our discretion.

Yes. Administrative fee of 2% (one-off at loan inception)

Usually, within 48 hours after all relevant loan documents have been executed and returned to BizNurture, and are satisfactory.

You should have been in business for at least 2 years.

We currently finance businesses in Port-Harcourt and Lagos only as such, your business must be in either of these locations.

The CAC documents required are as stated below:
Business name:
  • Certificate of Registration
  • Form C.O. 2 (Particulars of business owner(s))
Limited Liability Company:
  • Certificate of Incorporation
  • Form C.O. 2 (Allotment of shares)
  • Form C.O. 7 (Particulars of directors)
  • Memart

We would require a copy of your company’s bank statement for at least the past six (6) months.

We would need to see evidence of what the loan would be used for, such as a copy of the invoice to be discounted, the local purchase order, a pro forma invoice or any other applicable document.

  • If a Business Name, two 3rd parties must guarantee the business owner
  • If a Limited Liability Company, the MD must guarantee the loan, as well as at least one 3rd party.
  • Guarantors are required to submit their cheque leaves
  • Guarantors are required to submit their copy of NIN Slip
  • Guarantors are required to submit a copy of their ID card and a passport photograph.
Click to download a fact sheet for guarantors

*Please note that meeting the eligibility criteria does not automatically qualify you for a loan with us. Your application would be reviewed by the BizNurture Team. To grant or refuse a loan application is completely at our discretion.

  • No please, we only do SME loans

  • We currently give out business loans only.

  • No please. Please find out if you are eligible for a BizNurture Loan Eligibility Test

  • A credit score is a number that rates your credit risk. Creditors use this score to determine whether to give you credit, decide the terms they offer, or the interest rate you pay.

  • You can request for another loan after repayment. We also know that SMEs may have several jobs running concurrently, so you may request for another loan even if you have a loan running with us.

*Please note that your application would be reviewed by the BizNurture Team. To grant or refuse a loan application is completely at our discretion

  • The simple answer is yes. There is a repayment plan tied to each product. The loan type you pick determines the installments of your repayment.

  • Pushing your repayment date back would result in a penalty. If you have delays with receiving payment, please contact us via loan@biznurture.com, and we would be happy to look into it. If there is a valid reason for this. However, this will attract a restructuring fee.

Please note that your request would be reviewed by the BizNurture Team. To grant or refuse a loan reschedule is completely at our discretion.

  • Your financial obligations remain your responsibility. Please reach out to us via loan@biznurture.com, and we can reschedule your loan.

  • Sure, you can.

  • Yes you can.

  • We encourage you to pay down once you have the funds. So, there are no pre-liquidation charges for paying on time.

  • Your interest is prorated when you pre-liquidate.

  • Yes, if there is a valid reason for this. However, this will attract a restructuring fee

  • You can make transfers/ deposits into BizNurture’s Bank account.

Visit our Careers page to know more.

Employees are at the heart of BizNurture therefore we have created an environment for our people to grow and become better. We have a space that welcomes ideas from employees and a system for effective communication