How diverse business loans can help small businesses stay afloat during the crisis

The whole world is grappling with the deadly contagion of the novel coronavirus, Sars-Cov-2, also known as COVID-19. As a result, the global population has found itself amidst an unprecedented crisis that is hard to deal with. Not only individuals but businesses, as well as governing bodies, are bearing the brunt of the pandemic. In these grim times, it is hard for small businesses to sustain, let alone recover from the losses. People employed by local businesses are facing difficulties while running their daily errands due to the financial crisis. As the losses are mounting, a range of business loans can bring some respite to these small enterprises.

In this article, we explore the importance of getting quick and easy loans in Nigeria to weather the impact of the pandemic.

Managing finances is getting troublesome

Who would have thought that the year 2020 will be spent inside houses as people will be avoiding physical contact with each other? The unprecedented crisis has led to survival difficulties for businesses and individuals alike. Small businesses are the most vulnerable to the outcome due to lockdown and social distancing. As the looming crisis shows no signs of slowing down anytime soon, businesses are looking for fiscal stimulus to cover the expenses.

As a financial service provider, MyX3 offers various kinds of loans without any collateral for small businesses in Nigeria to tackle the challenges. At this time, we stand in solidarity with our people and are ready to offer complete support. Have a look at various loan services available on our platform. Depending upon the needs, you can apply for loans amounts between ₦1,000 to ₦5,000,000 under different categories.

Quick Fix Loans

Our quick-fix loans effectively address your urgent financial needs for a shorter period of time with minimal complications. We offer financial assistance of ₦1,000 to ₦5,000 for a tenure of 1 to 2 month(s) under this category.

Micro Loans

We also offer micro loans amounting ₦5,000 to ₦50,000 for a period of 1 to 6 month(s) as per your requirements. The loan amount can help businesses cover a wide range of needs and expenses.

Salary Loans

To make it easy for the salaried employees to manage their monthly expenses, we offer salary advances of ₦50,000 to ₦5,000,000 for a tenure of 1 to 15 month(s). With this, they can meet their financial needs without worrying about the repayment process as we provide a healthy period for repaying the loans.

How to apply for your preferable loans at MyX3

The loan application process at MyX3 consists of 4 steps:

In just 4 steps, you can fulfill all your urgent financial needs.

We ensure security, transparency, and ease while processing your loan application. Our affordable loans come with flexible repayment options to ease the burden on our customers. At this time of crisis, we understand how severe financial hardship can be as people are not able to live a normal life. So, as a leading financial service provider, we offer affordable loans in Nigeria without any collateral to serve customers such as salaried employees, entrepreneurs, vendors, and contractors across the country. Are you looking for quick and easy loans in Nigeria? Apply here.