Are you looking for sources of finance for business in 2022? This post was written to give you a few ideas. A source of finance refers to where a business gets money to fund its activities. Businesses can get finance from either internal or external sources. Putting all your eggs in one basket is never […]
Small businesses need funding resources to survive. As an aspiring entrepreneur or small business owner, one of your foundational priorities should be to provide key solutions to specific problems. You should also aim to meet the demands of your target customers. However, there is only so much that can be done without the required funding […]
It is common knowledge that running a business can be demanding not to talk of starting with no funds. The need for resources to attain business growth and scale demand and supply can not be ignored. Neither can we waive aside the difficulty of accessing funds to run a new business venture. Having stated this, […]
Raising capital is key to starting, running, and scaling your business. Most businesses fail in their first year simply because they aren’t able to raise sufficient capital. When a business has sufficient capital, it can grow into a giant in the industry. It is no secret that raising capital is not so easy, especially for […]
One of the things you must learn to do as an entrepreneur is how to apply for a business loan. Having a great business idea is not all that matters; you must find a way to finance that idea. Capital is the life wire of any business, but raising it can be a huge challenge. […]
Accessing grants is very important for small businesses. So are you thinking of starting your own business in 2021? Do you need funds to start, sustain and scale your business? No matter what phase you are in business, funds are crucial to achieving your business goals. Small business grants are an easy way to access […]
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 […]
The idea of taking a business loan is often quite scary. Unfortunately, successful SMEs in Nigeria understand that taking periodic business loans is an undisputed aspect of owning a small business and one of the most difficult decisions an SME owner will face. Whether you’re aiming to grow your business exponentially or just to keep […]
Following the outbreak of the coronavirus pandemic, several households and MSMEs were adversely affected. Global supply chains were greatly disrupted, leading to severe consequences on households’ livelihood and business activities. To manage this crisis, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF). This credit facility’s sole purpose is to […]
