CBN Loan Form – How to Apply AGMESIS Loan as a UBA Bank Customer

CBN Loan Form – How to Apply AGMESIS Loan as a UBA Bank Customer: Are you a UBA Bank account holder? Do you want to apply for CBN AGMESIS Loan? Do you own a business or want to start one? Agribusiness small and medium enterprises investment has been designed specifically by the federal government to promotes agricultural businesses of micro, small, medium enterprises(MSME).

AGSMEIS is a federal government intervention funding scheme through CBN that promotes Agric businesses as a vehicle for sustainable economic development and employment generation.

CBN Loan Form – How to Apply AGMESIS Loan as a UBA Bank Customer.

The meaning of AGMESIS is Agric-Business Small and Medium Enterprises Investment Scheme. AGSMEIS is a federal government intervention funding scheme through CBN that promotes Agric businesses as a vehicle for sustainable economic development and employment generation.

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In collaboration with (AGSMEIS), we support and complement the Federal Governments’ efforts at promoting Agri-businesses/Small and Medium Enterprises.

If your business is ready to take a leap or you just need working capital to keep your business running, a loan could be a good option for you.

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  • ✔ Interest Rate: 5% per annum
  • ✔ Tenor: 7 years.
  • ✔ Moratorium: Maximum of 18 months on Principal and 6 months on Interest
  • ✔ Agricultural sector.
  • ✔Real sector including Manufacturing, mining, and petrochemicals.
  • ✔ Service sector including Information and Communication (ICT) and the Creative Industry.
  • ✔ Other businesses as determined by the Central Bank of Nigeria (CBN).
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  • ✔ Duly completed application form.
  • ✔ Bank Verification Number (BVN).
  • ✔ Certificate of Training from recognized Entrepreneurship Development Institution (EDI) or evidence of membership of organized private sector
  • ✔ Letter of Introduction from any of the following, Clergy, Village Head, District Head, Traditional Ruler, senior civil servant, etc. (for individuals/ micro enterprises only).
  • ✔ Evidence of registration of business name or certificate of incorporation and filing of annual returns (where applicable) in compliance with the provisions of the Companies and Allied Matters Act (1990).
  • ✔ Tax Identification Number (TIN) and current Tax Clearance Certificate TCC) where applicable.
  • ✔ To qualify to access this fund, you need to have been trained by an Enterprise Development Institute after which you will fill the form. They will submit your form to CBN.
  • ✔ CBN will ask banks to verify your account details and then CBN proceeds to conduct its own assessment.
  • ✔ Email: cfc@ubagroup.com. : +234 700 2255 822 (0700-CALL-UBA) or +234 1 280 8822 (2808UBA) or +234 1 631 9822
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Other Requirements for CBN AGSMEIS Loan.

The following are the Requirements necessary either during application or before final approval of the CBN loan application and final disbursement of funds to an applicant.

  1. Registered business with CAC
  2. Evidence of tax payments
  3. BVN
  4. Letter of Introduction
  5. Letter of Guaranty
  6. Certification by an EDI
  7. Passport photo of you and guarantor
  8. Valid ID card

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How To Apply For CBN Loan Application Form.

Step 1 : Get Trained

  • Attend a one week compulsory training at a CBN certified Entrepreneurship Development Institute (EDI). You can check the list of CBN EDC Centres in Nigeria.

Step 2 : Apply For Loan

  • The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan. Download the agsmeis loan application form pdf. Note that, you can get the current application form from the CBN EDC that trained you.

Step 3 : Receive Funds

  • Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Step 4 : Get Business Support Services

  • The Entrepreneurship Development Institute assists you to implement business plan and provide business support services commercially.

Step 5 : Make Sales

  • Sell products and services to pay back loan and make profit.

Step 6 : Repay Loan

  • Run your business, keep proper records, monitor sales and expenses to maximize profit and pay back the loan.

What are CBN EDIs?

Central Bank of Nigeria Entrepreneurship Development Institutions are public and private institutions approved by the Central Bank of Nigeria to carry out vocational and entrepreneurship training for Entrepreneurs and SMEs

Who can apply for AGSMEIS?

All Micro, Small and Medium Enterprises in the Agriculture sector, Education, Manufacturing, Service sector, including Information and Communication (ICT) and the Creative Industry

Must I be a UBA customer before I can access this loan?

Yes. UBA will be the disbursement bank for your loan amount since it is paramount you have an account with the bank.

Must I have to be certified by an Entrepreneurial development institute before I am qualified to access this loan?

YES. To be qualified to assess this loan you need to be trained and certified by any of CBN approved Entrepreneurial Development Centers closest to you. Accredited EDIs are all over the nation.

Do I need collateral for this loan?

In an instance of asset acquisition; the asset acquired becomes the collateral and must be registered with National Collateral Registry(NCR).

For Working Capital Loan of N500,000 and below; the collateral is Personal Guarantee of the borrower.

If the working capital is above N500k, the obligor will submit a receipt of assets previously purchased, to cover the balance of the exposure

Who do I submit my application form to?

Only eligible entrepreneurs that have been trained and certified will submit their application forms to the EDIs indicating United Bank for Africa as the disbursing bank for onward submission to CBN.

If I am already in business, do I need to be certified by the entrepreneurial institutes to be qualified to access this loan?

One of the eligibility criteria is to be certified by a CBN approved Entrepreneurial development institutes.

How do I know where and who the Entrepreneurial development institutes are?

You can get this information from our SME page on our website or visit the closest branch to you, to inquire of an EDI closest to you.

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