Archives Tag: Loans
The Federal Government’s Conditional Grant and Loan for Businesses
April 19, 2022
The Federal Government of Nigeria, through the Ministry of Industry, Trade and Investment, has initiated loan and grant programs for businesses in the country. These initiatives are the Presidential Conditional Grant Program for nano businesses and the Presidential Palliative Loan Program for MSMEs. Government representatives say that these programs are designed to protect enterprises … Continue reading The Federal Government’s Conditional Grant and Loan for Businesses
How to Get a Small Business Loan in Nigeria Right Now
April 19, 2022
You may not always have all the money you need to run your business at your disposal. Sometimes, you’ll need to raise funds to finance important operations or meet outstanding obligations. And when such moments come, you’ll want to be able to settle the associated bills. When this is the case, securing a small … Continue reading How to Get a Small Business Loan in Nigeria Right Now
5 Institutions Where SMEs Can Get Grants and Loans in Nigeria
April 19, 2022
Small and medium-sized enterprises (SMEs) are the backbone of the Nigerian economy, accounting for over 90% of businesses and 70% of employment. However, access to finance (grants and loans) remains a major challenge for SMEs in Nigeria. Read more about Finance The good news is that there are a number of Nigerian-based institutions that … Continue reading 5 Institutions Where SMEs Can Get Grants and Loans in Nigeria
Sytiamo Offers Non-collateralised Interest Loans to Traders
April 19, 2022
SYTIAMO is Nigeria’s number one non-bank microlending institution with the aim of empowering one million traders through micro-credit and creating monetary value for all stakeholders. Read more about Business At Sytiamo, we are a committed team devoted to transforming our communities through micro-credit to women at the bottom of the economic pyramid. We exist … Continue reading Sytiamo Offers Non-collateralised Interest Loans to Traders
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How to Improve Your Chances of Getting a Business Loan in Nigeria
April 19, 2022
For many businesses, securing a loan is a critical step in the journey to stability and expansion. However, lenders have strict criteria to assess the viability and creditworthiness of borrowers. If you’re going to increase your chances of obtaining a business loan, you’ll need to present yourself as a trustworthy and reliable borrower. This … Continue reading How to Improve Your Chances of Getting a Business Loan in Nigeria
Is Loan Financing The Best For Startups?
April 19, 2022
In setting up a business, various forms of resources are necessary to make the idea a successful one. Businesses require money, time, and human capital for growth. Unlike an established business with traction, startups are like the way they sound – starting from scratch. This business process requires financing from different sources; both internal and external … Continue reading Is Loan Financing The Best For Startups?
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The Pros And Cons Of Personal Loans
April 19, 2022
Taking out a personal loan can be an excellent way to afford purchases that you otherwise wouldn’t be able to. From building credit to consolidating debt, personal loans are an invaluable tool for your financial health. However, personal loans can be beneficial when you need help getting on top of big or unexpected expenses if … Continue reading The Pros And Cons Of Personal Loans
Lidya, The Fastest Way To Access Loans
April 19, 2022
Lidya is a Nigeria-based loan startup that provides small businesses with easy access to credit. Founded in 2016 by Co-Ceo Tunde Kehinde and Co-CEO Ercin Eksin. Its goal is to help business owners access loans and build a credit score through a simple lending process. At this point, one may be tempted to ask what makes Lidya different … Continue reading Lidya, The Fastest Way To Access Loans
What You Should Know About Non Performing Assets
April 19, 2022
Non-performing asset (NPA) is a classification used by financial institutions to describe loans and advances that is past due and without any form of interest payments paid. In other words, it is a debt instrument where the borrower has not made any previously agreed-upon interest and principal repayments to the designated lender for the … Continue reading What You Should Know About Non Performing Assets
5 Disadvantages Of Securing Loans From Financial Institutions
April 19, 2022
At some point, every business needs an outside source of capital to grow the business. There are various means to outsource funds and one of those methods is bank loans, which in the right circumstances, can benefit a business in the short and long-term. A loan is an amount of money borrowed for a … Continue reading 5 Disadvantages Of Securing Loans From Financial Institutions
How Small Businesses Can Access Grants And Loans
April 19, 2022
Almost everyone starting a new business venture or business is looking for money to get started. There are various ways to get funds, which include applying for small business grants and loans. But unfortunately, there are not many platforms that provide these loans and grants for small businesses, especially in Nigeria. Read more about Business … Continue reading How Small Businesses Can Access Grants And Loans
App Of The Week: QuickCheck
April 19, 2022
QuickCheck is a loan platform in Nigeria that provides loans to Nigerians without requiring any type of collateral. Read more about App of the week QuickCheck makes it quick and easy to acquire loans accepted simple, and the loan offers are always available for application. Not only does the app facilitate quick loans, but … Continue reading App Of The Week: QuickCheck
App Of The Week: RenMoney
April 19, 2022
Renmoney is a Nigerian financial services platform that provides savings, loans, and investment services. Renmoney offers access to these services with attractive interest rates. Read more about App of the week The mobile application is designed to meet the needs of individuals seeking to boost their finances through investments. Renmoney’s key feature is the … Continue reading App Of The Week: RenMoney
Securities For Loans And Credit Facilities
April 19, 2022
Granting loans and overdrafts is part of the banking business, and to stay solvent, a bank must be certain that the customer to whom a loan is to be given or an overdraft granted has the means of repaying same as and when due. Read more about The law and you However, no matter … Continue reading Securities For Loans And Credit Facilities
How To Get Get A Quick Loan From Page Financials
April 19, 2022
With the recent pandemic, which without doubt has seen the wake of many forms of financial struggles, Page Financials is sending a message of hope by assuring working class Individuals that, “…whilst you are trying to navigate the new normal and meetup with project deadlines, if you ever need financial help, just know that … Continue reading How To Get Get A Quick Loan From Page Financials
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