Best SME Loans in Kenya
Introduction
Best SME Loans in Kenya | Small and Medium Enterprises (SMEs) drive Kenya’s economy, contributing to employment and economic growth. However, many businesses struggle to secure funding for expansion, working capital, and asset purchases. Luckily, several banks and financial institutions offer SME loans to support business owners.
Best SME Loans in Kenya
Top SME Loans in Kenya
1. KCB SME Loan
- Loan amount: Up to KSh 250 million
- Interest rate: 13% – 16%
- Repayment period: Up to 60 months
- Features: Asset financing, working capital loans, and LPO financing
- Apply here: KCB SME Loans
2. Equity Bank Biashara Loan
- Loan amount: Based on business turnover
- Interest rate: Varies
- Repayment period: Flexible
- Features: Secured and unsecured options available
- Apply here: Equity Bank SME Loans
3. ABSA Business Loan
- Loan amount: Up to KSh 10 million
- Interest rate: Negotiable
- Repayment period: Up to 60 months
- Features: Working capital and asset financing
- Apply here: ABSA SME Loans
4. Co-operative Bank MSME Loans
- Loan amount: Up to KSh 50 million
- Interest rate: Competitive
- Repayment period: Up to 5 years
- Features: LPO financing, overdrafts, and invoice discounting
- Apply here: Co-op Bank SME Loans
5. Sidian Bank SME Loan
- Loan amount: Varies
- Interest rate: Based on risk assessment
- Repayment period: Up to 36 months
- Features: Short-term working capital and asset financing
- Apply here: Sidian Bank SME Loans
How to Apply for SME Loans in Kenya
Most banks require:
Business registration documents Bank statements (6-12 months) Financial records Collateral (for secured loans)
Conclusion
Kenya offers a variety of SME loan options. Always compare interest rates, repayment terms, and eligibility criteria before applying