Are you a Nigerian entrepreneur looking for financial support to grow your business? The Drawbridge Grant by ProMoat Capital offers an opportunity for eligible small business owners to receive funding without repayment or giving up ownership of their businesses.
For the January 2027 cohort, the programme offers two grants worth ₦1,000,000 and ₦500,000. Applications are open to registered Nigerian businesses that already generate revenue and serve paying customers.
In this guide, you will learn how to apply for the Drawbridge Grant, the eligibility requirements, the information needed for your application, and practical tips to improve your chances of being selected.
What Is the Drawbridge Grant?
The Drawbridge Grant is a business funding initiative by ProMoat Capital, an investment firm supporting small and medium-sized businesses. It is designed to help existing Nigerian businesses expand their operations, improve their capacity, and reach more customers.
Unlike a conventional business loan, the grant does not require repayment or the surrender of company shares. Successful applicants can use the funding for business growth expenses, including inventory, equipment, marketing, tools, and staff.
According to the official grant website, the January 2027 cohort will award ₦1 million to one business and ₦500,000 to another.
Who Is Eligible for the Drawbridge Grant?
Before applying, ensure that your business meets the programme’s requirements. Eligible applicants must:
- Operate a business in Nigeria.
- Have a business registered with the Corporate Affairs Commission (CAC), either as a registered business name or a company.
- Have paying customers and generate actual business revenue.
- Be at least 18 years old and authorised to represent the business.
- Provide accurate information about the business and its operations.
The grant is open to businesses across different sectors, including agriculture, fashion, retail, manufacturing, food production, professional services, and technology.
A dedicated business bank account is not compulsory, but it is preferred. The grant will be paid into an account in the business’s or applicant’s name.
How to Apply for the Drawbridge Grant
Follow these steps to complete your application successfully.
Step 1: Visit the Official Application Website
Visit the official ProMoat Capital Drawbridge Grant page
Read the programme details carefully before beginning your application. Confirm the deadline and requirements for the current cohort to ensure that you submit your application on time.
Step 2: Prepare Your Business Information
The application form requires basic information about you and your business. Prepare the following details before you start:
- Full name and contact information.
- Business name and CAC registration number.
- Business sector and location.
- Monthly revenue range and team size.
- Information about your products or services and customers.
- Your proposed use of the grant.
- Your business website or social media link, if available.
Make sure all information is accurate and consistent with your business records. You do not need to prepare a formal business plan or pitch deck for the initial application.
Step 3: Complete the Online Application Form
Fill in the application form on the official website. Answer each question clearly, especially those concerning your business activities, customers, revenue, and growth plans.
Avoid vague descriptions. Instead of simply stating that you sell clothes, explain what types of clothing you sell, who your target customers are, and how your business generates income.
Your goal is to help the reviewers understand what your business does, how it operates, and why it has the potential to grow.
Step 4: Explain How You Will Use the Grant
One of the most important parts of your application is explaining how the funding will support your business.
Provide a practical plan that connects the grant to specific business needs. For example, a fashion business could allocate funding to purchasing fabrics, acquiring sewing equipment, or promoting its products online.
A food business might use the money to purchase ingredients in bulk, improve packaging, or increase production capacity.
Be specific about the expenses and explain how the proposed spending could improve sales, efficiency, or customer reach. A realistic plan is more persuasive than a general statement about needing money.
Step 5: Review and Submit Your Application
Before submitting the form, check that all required fields are complete and your contact details are correct. Confirm your CAC registration information and review your explanation of how you intend to use the funding.
Read and accept the applicable terms and conditions, including the platform’s terms and privacy policy, as requested on the form.
Submit your application through the official portal and retain any confirmation or application details provided.
Step 6: Prepare for the Interview
Submitting an application does not guarantee that you will receive the grant. ProMoat Capital reviews applications and contacts shortlisted businesses for interviews.
Applicants selected for the January 2027 cohort are expected to participate in an initial interview in December 2026, followed by final interviews for selected candidates in early January 2027.
Be prepared to discuss your customers, business revenue, operations, growth opportunities, and proposed use of the grant. Ensure you can explain your business clearly and provide supporting information if requested.
When Is the Drawbridge Grant Application Deadline?
The official Drawbridge Grant website lists 30 November 2026 as the application deadline for the January 2027 cohort.
The programme expects to announce the successful businesses and disburse the grants by the end of January 2027. Since dates can change, check the official website for the latest updates before applying.
Conclusion
The Drawbridge Grant provides an opportunity for registered Nigerian businesses with paying customers to access non-repayable funding for growth. With awards of ₦1 million and ₦500,000 available for the January 2027 cohort, eligible entrepreneurs should prepare their business information, complete the official application form, and clearly explain how the funding would help their businesses grow.
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Written by Favour Akinyeye
An 88Lately Staff Writer
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