5 Apps to Help You Get Your Finances Right in the New Year
December 30, 2020

5 Apps to Help You Get Your Finances Right in the New Year

The year is winding up, and you’ve made huge plans for the new year, one of which is to get your finances right this new year. Some of these plans are realistic, and some you know won’t last the first month. As an SME in Africa, planning your finances is key to being successful with […]

7 Tips On Writing Your AGSMEIS Business Plan
December 22, 2020

7 Tips On Writing Your AGSMEIS Business Plan

You need an AGSMEIS Business Plan to get a loan from AGSMEIS. In a previous post, we listed this body as one of the provisions made by the government to support Nigerian SMEs. Writing a business plan can be quite challenging especially when you need to submit it to AGSMEIS. In this post, we will […]

5 Government Agencies that Lend Money to SMEs in Nigeria
December 14, 2020

5 Government Agencies that Lend Money to SMEs in Nigeria

DID you know that you can access capital from government agencies for your SME? SMEs are very important to the development of a country’s economy. This is because they are the largest employer of labour. According to the National Bureau of Statistics, SMEs account for 50 percent of industrial jobs, constitute about 90 percent of  […]

7 Reasons Why You Need A Government Intervention Fund
December 12, 2020

7 Reasons Why You Need A Government Intervention Fund

Ready access to credit (loans) is an integral part of sustaining a small business and building it into a larger enterprise. Two primary ways to access the required funding is either through equity or loans.  Although equity funds might seem like the best bet, a wiser alternative would be to get a loan. The process […]

5 Reasons Banks will Reject your Loan Request
December 12, 2020

5 Reasons Banks will Reject your Loan Request

Why will a bank reject your loan request? Running a business comes with many challenges and one of the biggest is lack of access to financing. Small business owners often find themselves in a need to inject more cash either through equity or debt. Many businesses, despite the plethora of loans from financial institutions, find […]

5 Mistakes To Avoid When Applying For A Loan Online
December 9, 2020

5 Mistakes To Avoid When Applying For A Loan Online

Applying for a loan online comes in handy when your business is cash-strapped, or you need urgent funding. Loans aren’t always a bad idea. If you get it right, taking a loan could be one of the best decisions you can make for your business. The problem is that many business owners don’t know what […]

7 Unique Ways To Source For Business Funding
December 5, 2020

7 Unique Ways To Source For Business Funding

One of the greatest challenges you will experience as an owner of an SME in Africa is finding money to run your business. Whether it is renting an office space or purchasing the necessary equipment, you will need some money to get your business running. According to a recent report, more than 94% of new […]

December 4, 2020

Vital Financial KPIs For Every Business

Many small business owners are often caught up with the day-to-day operations of their businesses, the quest to break-even, as well as the pursuance of grand strategic goals. However, such big pictures are defined by basic units of performance that can be tracked and improved on a day-to-day basis. The performance of a business can […]

How To Overcome Debt For Your SME
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by admin
December 3, 2020

How To Overcome Debt For Your SME

Debt can be helpful financial sources both at a corporate or personal level. Debt in the form of a business loan, business credit card, or line of credit can be strategic means to finance a business and to undertake vital operational tasks such as hiring the best hands, purchasing necessary infrastructure, financing growth strategies and […]

5 Loan Apps in Nigeria You Should Know
November 28, 2020

5 Loan Apps in Nigeria You Should Know

What do you know about loan apps? The major challenge for most SMEs in Nigeria is access to funds. The entire process of obtaining bank loans can also be tedious, especially if you don’t have the necessary loan requirements. It could take months unending, and this can be frustrating for many business owners.  Are you […]

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