August 16, 2023


Access bank PLC is a full Nigerian commercial bank with headquarters in Lagos, Nigeria. It has its Head Office at Plot 999c, Danmole Street, Victoria Island, and Lagos, Nigeria. The bank started operations in Nigeria on May 11, as a privately owned commercial bank. However, it has grown to become one of Africa’s biggest banks. It presently operates in nine other countries in Sub-Saharan Africa, The United Kingdom and The United Arab Emirates. It also hopes to extend its services to The United States and Hong Kong.

Access bank PLC is the fourth largest bank in Nigeria (as at December 2017). It is presently engaged in investment, corporate, commercial and retail banking. The bank also boasts of a retail customer base in excess of seven million. Meanwhile, its target is to increase this figure to 30 million before 2023.

Access bank offers loan facilities to a variety of legitimate businesses, from start-ups to existing concerns. Do well to reach out to your account officer to find out how suitable your business is.

Invoice Discounting

The Invoice Discounting Credit Program (“IDCP”) provides working capital financing in respect of contracts performed or services rendered by our customers who are vendors of selected corporate/private sector principals.


Financing is intended to provide liquidity to their clients during the period between supply and/or performance of contracts and receipt of payment (usually between 30 to 90 days).


  • Maintenance of working capital Preservation of Cash flow.
  • Overdraft

Overdraft is a form of working capital finance used to finance a company’s operations.

Features and Benefits

  1. Tenored for one year
  2. Competitive interest rates
  3. Frees your cashflow

Term Loans

They offer you term loans to finance acquisition of fixed assets like: Plant, Machinery, and Buildings.


  • Tenors to match your cash flow.
  • Attractive pricing.


  • Easy access to Financing at cheaper rates.

Trade Finance

Access Bank makes it easier, more convenient and less risky for market businesses to buy and sell internationally. Their global footprint and on-the-ground relationship with Corporate and Financial Institution (FI) clients make them a key player in the Global Trade business.

I would like to end by advising that a bank loan should only be an option of last resort. Never hope to start a business with a bank loan. Rather, get a loan to support, or expand an already growing business. The ugly truth is, it just may crash before it even gets up.

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