BOI GLOW Loan Readiness Checker | Readiness Score

BOI GLOW Loan Eligibility Checker

Answer a few questions about your business to get a readiness score out of 100, plus clear steps to strengthen your application for the Bank of Industry's Guaranteed Loans for Women.

1. Your business

Who owns the business? Choose oneWholly owned by a woman or womenMajority-owned (over 50%) by a woman or womenLess than 50% women-owned, or not women-owned How is the business registered? Choose oneLimited Liability Company (Ltd)Enterprise (registered business name)Not registered with CAC yet What does your business do?

GLOW supports value-adding activities. Pure trading and primary agriculture (e.g. farming without processing) are excluded.

How long has the business been operating? Choose oneIdea or startup, not yet tradingUnder 1 year1 to 3 yearsMore than 3 years

2. The loan you want

How much do you want to borrow? Choose oneBelow ₦5 million₦5 million to ₦10 millionAbove ₦10 million, up to ₦50 millionAbove ₦50 million

Micro enterprises can borrow up to ₦10m; SMEs up to ₦50m.

What will you use the money for? Choose oneBuy machinery, equipment or other assetsBuy raw materials for productionBoth equipment and raw materialsRent, salaries, debt repayment, personal use or other Can your business income comfortably cover monthly repayments? Choose oneYes, with room to spareProbably, but it would be tightNot yet trading, I only have projectionsNo, or I am not sure

3. Your documents

Tick only what you already have ready. Your checklist adjusts to your business structure and loan size.

4. Security and guarantees

How many acceptable guarantors can you provide? None yet12 or more

My guarantors fit BOI's categories: civil servant (Level 8+), bank officer, professional (doctor, lawyer, accountant, engineer), confirmed staff of a reputable company, or CAC-registered business owner.

Guarantors have a notarized statement of net worth. I am willing to sign a Global Standing Instruction (GSI) mandate. I am willing to give an all-asset debenture over my business assets.

Disclaimer: This tool is independent and is not owned by, endorsed by, or affiliated with the Bank of Industry (BOI) or the GLOW programme. The score is an indicative self-assessment built from the publicly published GLOW criteria. It is not a loan decision and does not guarantee approval, a loan amount, or any outcome. BOI alone decides applications, and its requirements, rates and limits may change, so confirm every detail on the official portal. Your answers stay in your browser and are not stored or sent anywhere by this tool, unless you choose to message us on WhatsApp.