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Fidelity Bank expands affordable financing for Abuja SMEs

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Fidelity Bank Plc has reaffirmed its commitment to supporting small and medium-sized enterprises (SMEs) in Abuja through affordable financing, business advisory services and capacity-building initiatives.

The commitment was highlighted at the bank’s quarterly SME Business Forum in Abuja, themed “Built to Compete: Positioning Abuja Businesses for Sustainable Growth”.

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Speaking at the event, Executive Director, North Directorate, Sufiyanu Garba, said the bank was providing financing options, business knowledge and strategic connections to help entrepreneurs expand their operations.

Garba disclosed that the bank offers working capital loans, overdrafts, equipment financing and trade finance, while collaborating with intervention funding partners to provide eligible businesses with loans at interest rates ranging from 10 to 16 per cent.

The forum also provided business owners with opportunities to engage regulatory agencies on taxation, customs procedures and other operational challenges affecting their businesses.

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