Ultraviolet MFB Launches BIZ-BOOST Loan to Power Nigeria’s Small Business Growth
In a strategic move to drive small business resilience and financial inclusion, Ultraviolet Microfinance Bank Ltd has launched the BIZ-BOOST Loan, a tailored loan product designed specifically for Nigeria’s Nano, Small, and Medium Enterprises (NSMEs).
Based in Abuja but with a growing national footprint, Ultraviolet MFB’s BIZ-BOOST Loan represents a bold step in closing the financing gap that has long hindered entrepreneurs, artisans, and informal traders from scaling their businesses sustainably.
Access to Capital, Simplified
Designed with accessibility at its core, the BIZ-BOOST Loan offers between ₦100,000 and ₦2,000,000 in working capital. Unlike traditional financing models, this product comes with minimal documentation, a simplified approval process, and a swift disbursement timeline, providing immediate financial support to help businesses restock, expand operations, or optimise service delivery.
Entrepreneurs are only required to contribute 20% equity into their Ultraviolet (UV) account. Once approved, funds are disbursed seamlessly, ensuring that small businesses don’t lose valuable time navigating complex credit processes.
Flexible Repayment, Scalable Growth
What sets BIZ-BOOST apart is its flexible repayment structure, thoughtfully designed to support small businesses without saddling them with unmanageable debt. By aligning loan repayment with the revenue realities of NSMEs, Ultraviolet MFB is offering more than just money; it’s enabling business stability, agility, and confidence.
Spotlight on Women Entrepreneurs
Reinforcing its social impact agenda, Ultraviolet MFB recently conducted outreach to female traders in local markets, underscoring its dedication to women-led businesses. As key drivers of economic activity in Nigeria, female entrepreneurs remain a core target of the bank’s financial empowerment efforts.
“Financial inclusion isn’t just about banking; it’s about unlocking potential,” says a spokesperson from the bank. “We want to be the growth partner every small business remembers.”
Building a Thriving Business Ecosystem
The BIZ-BOOST Loan is not just a financial product, it’s a statement of intent. As Nigeria’s informal and semi-formal business sectors continue to fuel employment and innovation, Ultraviolet MFB is stepping in as a trusted growth partner. With each loan disbursed, the bank is contributing to job creation, improved production capacity, and a more resilient economy.
Already serving hundreds of businesses across sectors, Ultraviolet MFB is staking its reputation on one core idea: small businesses deserve more; more capital, more support, and more visibility.
Editor’s Note:
For small business owners looking to beat growth bottlenecks, Ultraviolet’s BIZ-BOOST Loan may be the competitive edge needed to thrive in today’s fast-paced economy.
