One of the ways for a business owner to quickly achieve their entrepreneurial goals is to get access to a soft or an interest-free loan, but most of the financial institutions around the world make a profit from interest on a credit facility. However, some financial institutions are gradually embracing Islamic tenets of banking, luckily, …
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By the end of 2021, qualified women entrepreneurs in Nigeria will enjoy $50 million credit facility from the First City Monument Bank (FCMB) courtesy African Development Bank (AfDB). Founded in April 1982, The Nigerian bank is popular for its SheVentures, one of the special loans specifically designed for women entrepreneurs in Nigeria, loans for women can …
One of the hardest challenges small business owners face around the world is getting bank loans to support their startups. It’s even more difficult in Nigeria where the rate of defaulters is high. So, financial institutions are extremely cautious before granting loan requests. No one wants to go out of business. Note that there are …
10 Ways of Getting Business Bank Loan In Nigeria for SMEs Read More »
What is Tenor? Tenor means the length of time remaining before a financial contract expires. It is usually used in relation to bank loans, insurance contracts, and derivative products. Some use it interchangeably with the term maturity, but they have a clear distinction. For example, a loan is taken out with a three-year tenor. After two-year passes, …
Less than 24 hours ago, a friend shared a loan payment evidence he received from one of the Nigerian financial institutions for his small data service company. In this post, we will share with you all you need to do to benefit from the Fidelity Bank loan and the category of credit facility available for …
How To Get Fidelity Bank Loan for Your Small Business In Nigeria Read More »
As one of the strongest financial institutions in Nigeria, Ecobank has a wide range of credit facility you comfortably choose from. The bank is a subsidiary of the larger Ecobank Transnational Incorporated (ETI), one of the largest independent banking groups on the Africa continent by providing a comprehensive range of retail, corporate, wholesale, investment and …
EcoBank Loan You Can Apply For Your Business, Here Are The Requirements Read More »
Looking for a credit facility for your business? We’ve got you covered with Titan Trust Bank loan, how to apply and the required documents you need to ensure your application receives expedient attention. The bank might sound extremely new to hundreds of Nigerians, most especially for those who have not been following the banking industry …
Quickest Way To Get Titan Trust Bank Loan And Eligibility Requirements Read More »
CitiBank is a global financial institution with its branches across the World including Nigeria where it provides credit facility to businesses. But one thing about CitiBank Nigeria is that its branches are strategically located in a few commercial state capitals. One thing that comes to mind is: How can I get a business loan at …
There are more than 10 types of loans offered by Access Bank, but meeting the requirements is one of the major roadblocks to millions of business owners in Nigeria. In this post, we’ll highlight the loans offered by Access Bank and tips on how to know the best loans for you. Interest rate: 13.5% and …