SME Business Loans

As the name suggests, this is not a one size fits all package, rather a customisable loan. It can be spread out over 3 to 24 months and as such, the interest rates vary. Loan offered to business persons and entities. Customers borrowing will have to comply with requirements under normal commercial lending. Business loans offer quick and convenient access to cash for short and medium term business needs.

One of the advantages that this loan offers, subject to application, is the 2 month repayment “Holiday”, which essentially gives you up to 2 months before you are required to begin the loan repayments. Unlike many similar loan models, should your circumstances change and you wish to pay off the loan earlier than the terms describe, you will not incur an early repayment charge.



• Access up to ghs5m to grow your business. Minimum loan: ghs500

• Offered to individuals and businesses - for business purposes

• To borrow, a business must have ghs10,000 or more in annual sales

• Flexible repayment plans and terms that fit your cashflow

• Affordable and attractive interest rates



- Repayment Holidays



• Own 30% or more of the business

• Applicant must have owned and/or operated the business for at least 6 months

• Be authorized to borrow on behalf of the business

• Term of loan not to exceed 24 months, with fixed monthly payments

• Be a Ghanaian citizen or permanent resident, or be in Ghana on valid long term visa with residence and/or working permit

• Be at least 21 years old

• Collateral (Security) may be required


To qualify for a loan, a number of factors are considered including, but not limited to business financials and cash flow, business and guarantor credit profiles, and other information.


Fees & Charges

- No upfront fees.

- A one-off 5% fee deducted from final loan being disbursed.

- No penalties for prepayments or early repayments.



Repaying Your Loan

- As pre-agreed. 


How to apply

Apply online in under 5 minutes here.



Related Products

Self-Employed Loans

Startup Business Loans

Large Business Loans

Part-time Business Loans

Graduate Business Loans

Useful info

Sikamaster, is a 24/7*365 well-capitalised internet first, forward-thinking, safe, robust, resilient, smart and responsible direct lender for the working class and modern and/or scalable small, medium & large businesses, including startups.

SML is not; a microfinance institution, and neither a savings & loans company or a Specialised Deposit-taking Institution (SDI) of any form, kind or type. SML does not seek and/or accept outside capital.

Rolling out a secured, safer, convenient, revolutionary automated self-care, ethical, no upfront fee, direct lending platform in phases (three phases remaining).

Fully compliant with AML and KYC regulations.

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Ghana's 24/7 Direct Financing Hub

Not all our loans require a collateral - But if your loan requires one, any property used as security (which may include your home or pensions and/or business assets, or personal guarantees) may be repossessed if you do not keep up repayments on a loan or any other debts secured on it. Our Repayment Assistance Programme is available to qualified borrowers only.
Please read Terms & Conditions, Cookies Policy, Privacy Policy, Data Retention Policy, & Modern Slavery Policy before using this website or our service.
All loans are subject to affordability, applicant verification, traditional credit checks and TDG Scoring via various national databases in accordance with Sikamaster''s responsible lending policy. If you're not sure whether Sikamaster Loans lending is right for you, please seek independent financial advice, and if you decide to borrow from us, please read our How We Operate before you proceed.