Equity financing and debt financing are the two major options for start-ups seeking funding. Debt financing basically involves taking out a loan either from the bank or a private investor, who could be your friend, family, or a stranger. While equity financing, also involves you taking out a kind of loan as indeed you still […]
Understanding credit obligations is key to attracting financial support. Getting financial support through loans is perfectly normal for SMEs. While there is absolutely nothing wrong in taking loans to support business financing, paying these loans back as at when due can make all the difference between the loans working for you and you getting into […]
What is Venture Capital? Venture capital refers to funds which generally come into a company during the pre-IPO process, as investments and not loans. Venture capital investors are often referred to as venture capitalists (VCs). Another name for Venture capital is risk capital because when these investments are made, there is a high probability of […]
Almost every small and medium enterprise can relate to the problem of capital inadequacy. With so many brilliant and marketable ideas, just one thing seems always to be missing – money. In the world of business and financial empowerment, it takes more than ambition and willpower to breakthrough. Essentially, entrepreneurs need to have sufficient cash […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
