Carbon for Business — review & details

In Business loans · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

Carbon Microfinance Bank's SME arm offers working-capital, asset-finance and small flex loans with disbursement in 24-48 hours and no collateral on working capital. Regulated digital credit that is faster than a bank — and priced accordingly.

CBN-licensed MFB

Carbon for Business

Carbon Microfinance Bank's SME arm offers working-capital, asset-finance and small flex loans with disbursement in 24-48 hours and no collateral on working capital. Regulated digital credit that is faster than a bank — and priced accordingly.
★★★★☆
3.9/5 · How we rate
Working capital, asset finance and small flex loans for registered businesses
Loan Type
1-12 months (longer tenors for returning customers)
Tenor
Carbon Microfinance Bank (RC 1642222), licensed and regulated by the CBN; NDIC-insured deposits
Licence
24-48 hours to disbursement, per Carbon
Speed
Registered SMEs that need working capital in days without pledging collateral
Best For
digital
Type
Pros
  • CBN microfinance-bank licence and NDIC-insured deposits — regulated footing most digital SME lenders lack
  • No collateral on working-capital loans, with rates confirmed before you accept
  • Repayments structured as daily, weekly or monthly auto-debits matched to cashflow
Cons
  • Expensive relative to bank SME credit — advertised rates start around 3.99% per month, which annualises steeply
  • Short tenors: months, not years — this is cashflow finance, not expansion capital
  • Requires a registered business with about six months' trading history; auto-debit repayment can strain thin cashflow
Fees, eligibility & documents
Fees
InterestHigh — monthly-rate digital credit; Carbon advertises rates 'from 3.99% per month', so the annualised cost far exceeds bank lending. Check your exact offer before accepting
Eligibility
  • Registered Nigerian business (CAC)
  • Roughly six months or more of trading history
  • Business bank account for assessment and auto-debit repayments
Documents needed
  • CAC registration
  • Bank statements
  • BVN/director KYC in the app
Visit Carbon Business

How Carbon for Business compares in business loans

Carbon for Business scores 3.9/5 in our business loans rankings. Our current top pick is Bank of Industry (BOI) (4.5/5). Always compare a few before you decide — see the full business loans comparison.

Carbon for Business
3.9/5 · this page
 Bank of Industry (BOI)
4.5/5
 Development Bank of Nigeria (DBN)
4.2/5
Loan Type Working capital, asset finance and small flex loans for registered businesses — —
Tenor 1-12 months (longer tenors for returning customers) — —
Licence Carbon Microfinance Bank (RC 1642222), licensed and regulated by the CBN; NDIC-insured deposits — —
Speed 24-48 hours to disbursement, per Carbon — —
Best For Registered SMEs that need working capital in days without pledging collateral Registered SMEs with a solid plan Longer-term MSME finance
Visit Carbon Business → Visit BOI → Visit DBN →

← Compare all business loans

Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.