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Funding a business
How Do I Get Funding For My Business In Nigeria?
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[QUOTE="Kingsley, post: 214843, member: 30278"] I know many people will encourage you to approach a microfinance bank or if you have a good collateral some will advise you to package your document and visit a commercial bank to access loans, as simple as this may appear it might not really be the best option for you at the entry point of any business. Many have taken that part today but they are still filled with regret. One can not start off a business on a loan it is not advisable some microfinance bank will outrightly reject your application they discover you are just going to be a newbie in market. They will advise you to start first no matter how little. This to enable them access your performance first to determine if you can handle a more bigger sum of money when they decide to accept your application. Hence it is always better to start small and grow the business with the passage of time. Then if start big night be a major worry for you then you can approach friends and family members who are well to do at this time. Or you can aswel partnership with someone who is ready to invest in the business. [/QUOTE]
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How Do I Get Funding For My Business In Nigeria?
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