How to Apply for the Financial Support Grants to Nigerian Businesses by ProMoat Capital Drawbridge 2027

How to Apply for the Financial Support Grants to Nigerian Businesses by ProMoat Capital Drawbridge 2027

ProMoat Capital has opened applications for its Drawbridge Grant 2027, offering financial support to two Nigerian businesses to help them expand their operations. The first-place winner will receive ₦1 million, while the second-place winner will receive ₦500,000.

The grant is open to Nigerian small and medium-sized businesses (SMEs) across different sectors, including agriculture, retail, manufacturing, services and software.

Unlike a business loan, the Drawbridge Grant does not require repayment or equity ownership in the recipient’s business. Winners can use the funding to support business growth through purchasing stock, equipment and tools, marketing or hiring staff.

ProMoat Capital Drawbridge Grant Quick Facts

• Grant Name: ProMoat Capital Drawbridge Grant 2027
• Grant Provider: ProMoat Capital
• Grant Category: Business Grant
• Eligible Applicants: Nigerian business owners
• Eligible Country: Nigeria
• Funding: ₦1,000,000 for first place and ₦500,000 for second place
• Number of Beneficiaries: 2 businesses
• Business Registration: Corporate Affairs Commission (CAC) registration required
• Eligible Sectors: Agriculture, retail, manufacturing, services, software and other business sectors
• Repayment: Not required
• Equity Requirement: None
• Application Fee: Free
• Application Deadline: 30 November 2026
• Application Method: Online application

What Is the ProMoat Capital Drawbridge Grant?

The ProMoat Capital Drawbridge Grant is a business funding initiative designed to support Nigerian small and medium-sized businesses while helping ProMoat Capital identify promising enterprises for possible future investment.

The programme will award two grants:

• First-place winner: ₦1,000,000.
• Second-place winner: ₦500,000.

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The funding is not a loan, and recipients will not be required to repay the money or surrender equity in their businesses.

The grant can support business expansion activities, including purchasing inventory, equipment and tools, marketing products or services, and hiring additional staff.

ProMoat Capital may discuss future investment opportunities with promising businesses. However, any investment discussion will be separate from the grant and voluntary.

Is the ProMoat Capital Drawbridge Grant Right for Your Business?

The grant is intended for Nigerian businesses that already have customers and generate revenue. It is suitable for business owners who need funding to expand their operations.

You should apply if:

• You operate a business in Nigeria.
• Your business has paying customers and generates revenue.
• Your business is registered with the Corporate Affairs Commission (CAC).
• Your business operates in agriculture, retail, manufacturing, services, software or another sector.
• You have a clear plan for using the grant to grow your business.
• You can provide accurate information about your business operations and revenue.

You may not qualify if:

• You do not operate a business in Nigeria.
• Your business does not have paying customers or generate revenue.
• Your business is not registered with the Corporate Affairs Commission.
• You cannot provide accurate information about your business.
• You intend to use the grant for unrelated personal expenses or bills.

What Does the ProMoat Capital Drawbridge Grant Cover?

The programme offers two cash awards to selected businesses.

Financial Benefits

• First-place award: ₦1,000,000.
• Second-place award: ₦500,000.

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The grant is non-repayable. Winners will not surrender any equity in their businesses in exchange for the funding.

What Can You Use the Grant For?

Recipients can use the grant to support business growth through:

• Purchasing additional stock and inventory.
• Buying business equipment and tools.
• Marketing and promoting products or services.
• Hiring additional employees.
• Supporting other business expansion activities.

Applicants should explain how the requested funding will contribute to their business growth.

Who Can Apply for the ProMoat Capital Drawbridge Grant?

The grant is open to Nigerian business owners who meet the following requirements.

Business Location

Applicants must operate their businesses in Nigeria.

Business Revenue

Businesses must have paying customers and generate revenue. The grant is intended for operating businesses rather than business ideas that have not started generating income.

Business Registration

Applicants must have a business registered with the Corporate Affairs Commission (CAC).

Accepted registration categories include:

• Registered business names.
• Registered companies.

Eligible Business Sectors

Businesses operating in different sectors can apply, including:

• Agriculture.
• Retail.
• Manufacturing.
• Services.
• Software.
• Other business sectors.

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Business Bank Account

Having a business bank account is not compulsory. However, ProMoat Capital states that having one will count in an applicant’s favour.

A business bank account will also be used to receive the grant.

What Do You Need to Apply for the ProMoat Capital Drawbridge Grant?

Applicants should prepare their personal and business information before starting the online application.

Required Information

The application form requests the following information:

• Personal details.
• Business details.
• CAC registration number.
• Business sector.
• Business location.
• Monthly revenue.
• Team size.
• Description of the business and its activities.
• Information about the business’s customers.
• Explanation of how the grant will be used.

Do You Need a Business Plan or Pitch Deck?

No. Applicants are not required to submit a pitch deck or a separate business plan.

The application form takes approximately two to five minutes to complete.

How Competitive Is the ProMoat Capital Drawbridge Grant?

The programme will select two businesses for the available awards.

Selection Process

ProMoat Capital will assess applications in December 2026 and contact shortlisted businesses for initial interviews.

The selection process includes:

• Application review: ProMoat Capital will review submitted applications in December 2026.
• Initial interviews: Shortlisted businesses will be contacted for interviews by phone or video call in December.
• Finalist interviews: Selected finalists will participate in further interviews in early January 2027.
• Final selection: The company will select two winning businesses based on its assessment.

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What Will the Interviews Cover?

The interviews will focus on:

• The business’s customers.
• Business revenue and financial figures.
• How the applicant intends to use the grant.
• The business’s growth plans.

When Will the Winners Be Announced?

The two winning businesses are expected to be announced and paid by the end of January 2027.

How to Apply for the ProMoat Capital Drawbridge Grant 2027

Interested and eligible business owners can apply online through the official application portal.

Follow these steps:

1. Visit the application portal by clicking the link below.
2. Create a free account: Register on ProMoat Capital’s small-business platform to track your application.
3. Complete the application form: Provide your personal details and business information, including your CAC registration number, sector, location, monthly revenue and team size.
4. Describe your business: Explain what your business does and identify the customers you serve.
5. Explain how you will use the grant: Clearly state how the funding will support business growth.
6. Review your information: Ensure that all the information provided is accurate.
7. Submit your application: Complete the submission before 30 November 2026.

Apply here

Application Deadline: 30 November 2026.

How to Make Your Business Grant Application Stand Out

Although the application form does not require a pitch deck or separate business plan, applicants should provide clear and accurate information.

• Explain your business clearly: Describe your products or services and how your business operates.
• Identify your customers: Explain who buys your products or services.
• Provide accurate revenue information: Ensure that your monthly revenue figures reflect your actual business performance.
• Explain how you will use the money: Identify the specific business activities the grant will support.
• Show how the funding will support growth: Explain how purchasing stock, equipment, marketing or hiring staff will improve your business.
• Provide correct CAC information: Ensure that your registration details are accurate.
• Use a business bank account if available: Although it is not compulsory, ProMoat Capital states that having one will count in your favour.

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Important Things to Know Before Applying

Applicants should take note of the following conditions before submitting their applications:

• The grant is open to businesses operating in Nigeria.
• Applicants must have paying customers and generate revenue.
• CAC registration is compulsory.
• Businesses from different sectors can apply.
• A business bank account is not compulsory, but it will count in an applicant’s favour.
• Creating an account on ProMoat Capital’s small-business platform is free.
• Applicants do not need to submit a pitch deck or separate business plan.
• The application form takes approximately two to five minutes to complete.
• The grant is not a loan, and winners will not surrender equity in their businesses.
• Any future investment discussion will be separate from the grant and voluntary.
• Shortlisted applicants will be contacted in December 2026.
• The two winners will be announced and paid by the end of January 2027.
• Applications close on 30 November 2026.

Frequently Asked Questions

How much is the ProMoat Capital Drawbridge Grant?

The first-place winner will receive ₦1 million, while the second-place winner will receive ₦500,000.

Who can apply for the ProMoat Capital Drawbridge Grant?

Nigerian business owners whose businesses have CAC registration, paying customers and revenue can apply.

Is the ProMoat Capital grant a loan?

No. The Drawbridge Grant is not a loan. Recipients will not be required to repay the funding.

Will winners surrender equity in their businesses?

No. The grant does not require winners to surrender any equity in their businesses.

Does my business need CAC registration to apply?

Yes. Applicants must have a business registered with the Corporate Affairs Commission, either as a business name or a company.

Can businesses in any sector apply?

Yes. Businesses in agriculture, retail, manufacturing, services, software and other sectors can apply, provided they meet the eligibility requirements.

Is a business bank account compulsory?

No. However, ProMoat Capital states that having a business bank account will count in an applicant’s favour. The account will also be used to receive the grant.

Do I need a business plan or pitch deck?

No. Applicants do not need to submit a pitch deck or a separate business plan.

How long does the application take?

The application form takes approximately two to five minutes to complete.

When is the application deadline?

The application deadline is 30 November 2026.

When will the winners be announced?

The two winners are expected to be announced and paid by the end of January 2027.

How will successful applicants be selected?

ProMoat Capital will review applications in December 2026, conduct initial interviews with shortlisted businesses and hold further interviews with finalists in early January 2027.

Is the application free?

Yes. Applicants can create a free account on ProMoat Capital’s small-business platform and submit their applications without paying an application fee.

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Our Take: Who Should Apply?

The ProMoat Capital Drawbridge Grant is suitable for Nigerian entrepreneurs who already operate registered businesses, have paying customers and generate revenue.

Business owners in agriculture, retail, manufacturing, services, software and other sectors should consider applying if they meet the eligibility requirements and have a clear plan for using the funding to expand their operations.

The ₦1 million and ₦500,000 awards provide an opportunity for two businesses to finance specific growth activities without taking a loan or surrendering business equity.

Eligible business owners should prepare their CAC details, revenue information and business growth plans before completing the application.

Conclusion

The ProMoat Capital Drawbridge Grant 2027 offers two Nigerian businesses ₦1 million and ₦500,000 to support business growth and expansion.

The grant is open to CAC-registered businesses with paying customers and revenue across different sectors. It does not require repayment or equity ownership.

Interested business owners should apply through the official ProMoat Capital Drawbridge Grant application portal before 30 November 2026.