Are you looking for an SME loan in Africa? This post provides you with five important tips to increase your chances. Loans are amounts of money borrowed out by banks and other financial institutions for a set period of time. This financial support can be used for business or personal purposes, giving us the freedom […]
Debt relief and the credit system are still very tricky. Unlike in Nigeria, the average American citizen has at least over $90,000 in credit owed. With being in debt practically being a normal expectation of adulthood in the USA, the narrative is quite different in Nigeria. Debt is something we often dread. This could be […]
Why should SMEs get loans? The truth is that Small and medium enterprises (SMEs) play a big role in the economy. Although these SMEs grow in numbers, there are major setbacks such as lack of adequate capital and funding. As a business expands and gains a competitive advantage, the existing capital may not be enough […]
All SMEs in Africa need both financial and intellectual support to take their businesses to the next level. This is why the Nigerian Federal Government created the survival fund scheme to help Nigerian SMEs that register with SMEDAN. Furthermore, Nigerian MSMEs that are registered with SMEDAN can also enjoy the MSMEs mass registration program currently […]
Growing a small business in Nigeria can be a heinous task some times. It is a process, and missing a step can mar the future of such business. Scaling a small business requires a lot of work and dedication on the part of the business owner. To avoid failure over some time as a small […]
Raising capital is not always easy. The current situation of things places businesses in a tight corner where raising capital is concerned. We are stared in the face by the unavoidable changes that will occur in the business environment as a result of COVID-19. One way to mitigate the impending challenges regarding business capital is […]
Kalu Aja Cash is the lifeblood of any business, especially a small business. A small business by definition is ‘small’ with limited capitalization and fewer options to raise cash to finance operations. It thus follows that cash management to record and control cash coming in an out of the business is of paramount importance. Everything […]
Temitope Adeyemo Cash is the blood of any enterprise. An enterprise that outflows cash more than it inflows will soon die. A bloated account receivable is entirely useless to a business if it cannot convert such to cash to run its day to day operations. Let me tell you a story of a good man, […]
