Accessing funds by new businesses is becoming less of an obstacle but as a new business, there are some fundamentals that should be in place to aid benefitting from collateral-free loans from banks Before walking into a bank or applying online for a loan, as the case may be, there are certain things a business must do to ensure a higher probability of getting the loan.Before giving you a loan, banks need to ascertain that you are creditworthy either you are a new or existing business.
Do your research and find the bank that aligns with your business as this increases your chances of getting the loan. Speak with your banking officer or relationship manager on how you can key into the goals of your bank. Having made your projections on how much would be needed to start things off and down the line , how much profit should be rolling in. But before profit, there must be capital. For this, you clean out your savings, borrow from family and friends but you still find yourself short off the mark. You can then consider getting a loan.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASUU strike killing small campus businesses - KASU traders lamentCampus shop owners, in Kaduna State University (KASU), on Thursday, lamented the continuous strike embarked upon by the Academic Staff Union of Warned u not to vote APC, u refused. God punish Asuu and FG for the pain they're causing
Source: DailyPostNGR - 🏆 11. / 59 Read more »
2023: EFCC to monitor sources of candidates, parties funds – Bawa'We want to know the source, whether it is legitimate or illegitimate because that is what concerns us,” EFCC's Bawa said. Nothing will come out of it.. Akiko.....😂 It's all lies. Can he probe the people who o put him into that office. It must be said that of all the EFCC chairmen we've had, this particular one seems like the most pliable errand boy for the big shots. My opinion.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
NDIC begins verification of depositors in 3 failed Micro-finance banksThe Nigeria Deposit Insurance Corporation (NDIC), says it will commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN).
Source: Daily Trust - 🏆 13. / 51 Read more »
Access Bank, FG Partner To Roll Out GEEP 2.0 FundsAccess Bank Plc said, it is collaborating with the ministry of Humanitarian Affairs, Disaster Management and Social Development to roll out the Government
Source: LeadershipNGA - 🏆 4. / 77 Read more »
We’re monitoring funds used in buying presidential forms – EFCCThe Economic and Financial Crimes Commission says it is monitoring the source of the funds used in purchasing political party forms. Watching? Lol Lol. I hope they won't buy your findings as well.🤔🤔 Yimu
Source: MobilePunch - 🏆 8. / 63 Read more »
Inadequate Funding: YABATECH To Lunch Endowment Fund – Omokungbe – Leadership NewsThe college will be having an endowment fund to commemorate its 75th anniversary, what plans do you have on ground for that?
Source: LeadershipNGA - 🏆 4. / 77 Read more »