How to apply SME Loans with NIC Bank.
NIC Bank offers reliable SME lending products that provide various business entities with an opportunity to grow through the provision of multiple lines of credit.
They provide business loans as per specific requirements as we ensure quick turn around time on facility requests.
They have split the SME business line into 3 tiers:
- Lower tier SME: those businesses with a turnover below KES 15m
- Middle tier SME: those businesses with a turnover between KES 15m and KES 50m
- Upper tier SME: those businesses with a turnover above KES 51m
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