Sources of Business Finance Archives

Factors in Business Financing That Influence Your Decision Making

Why Business Owners Are Not Qualified To Access Loans

Thinking of getting a loan for your business? Here are the main reasons why business owners are not qualified to access loans in Nigeria. The Central Bank of Nigeria (CBN), the Bank of Industry (BoI) and the Lagos State Employment Trust Fund (LSETF) recently say there are many funds available for the micro, small and medium enterprises (MSMEs) in Nigeria, but many business owners are not qualified to access them. They say lack of proper documentation, absence of financial history, and...

July 28, 2020By AbbakinBusiness Financing, News Promotions, Startup BusinessesSources of Business Finance0 CommentsRead more...

How to Apply for Nigerian Youth Investment Fund

The minister of youth and sports development, Sunday Dare on Wednesday announced the approval by the federal executive council to establish the Nigerian Youth Investment Fund (NYIF). This is a federal government initiative to invest in the innovative ideas, skills, talents and enterprise of the Nigerian youths with the aim of turning them into successful entrepreneurs. About 500,000 Nigerian youths will benefit from the N75 billion approved funding under the Nigerian Youth Investment Fund annually. According to a tweet from Dare’s...

July 26, 2020By AbbakinBusiness Financing, News Promotions, Startup BusinessesBusiness Loans, Loan Agency, Online Business Ideas, Small Business Ideas, Sources of Business Finance3 CommentsRead more...

Government Agencies that Support SMEs in Nigeria

If you are a startup entrepreneur, corporate organization or foreign investor currently doing business in Nigeria or seeking investment opportunities in Nigeria; there are lots of business activities you can achieve with this list of top government agencies that support SMEs in Nigeria. You will also need responsive website designs, social media marketing, and search engine optimization strategies to grow your business, increase your online visibility and make more sales. Nigeria is the largest economy in Africa and, according to Goldman Sachs, the nation...

July 23, 2020By AbbakinBusiness Financing, News Promotions, Startup BusinessesBusiness Loans, How to Register a Business in Nigeria, Loan Agency, Online Business Training, Small Business Ideas, Sources of Business Finance, Starting a Business1 CommentRead more...

How to Register for YouWiN Connect Program

In furtherance to our free business information publication, this article is written to help you get full information on how to register for YouWiN Connect Program; including the YouWiN application requirements, login eligibility details, and other important guidelines. The Nigerian YouWiN Connect Enterprise Program is for young startup entrepreneurs and startup businesses in Nigeria who have being waiting for this kind of government grant opportunity to empower their business! What is YouWiN! Connect? The YouWiN Application Portal, now YouWiN Connect is...

July 22, 2020By AbbakinBusiness Financing, Career Development, Startup BusinessesBusiness Loans, Loan Agency, Small Business Ideas, Sources of Business Finance, Starting a Business1 CommentRead more...

How to Raise Money for Business Using Crowdfunding Sites

So you’ve got a brilliant business idea, but lack the credit power, the collateral or even the bank that can support your vision right? You even reached out and tried to fund your business through friends and families, only to discovered they lost their houses and jobs to the last year’s flooding incidence or during the corona virus pandemic? This post will let you understand how to raise money for business using crowdfunding sites. You will also need responsive website...

July 20, 2020By AbbakinBusiness Financing, Digital Marketing, Startup BusinessesBusiness Loans, Financial Planning, Online Business Ideas, Small Business Ideas, Sources of Business Finance0 CommentsRead more...

How to Raise Business Fund using Venture Capital Vs Angel Investors

How to Raise Fund Using Venture Capital & Angel Investors

Learn the difference between venture capitalists, angel investors and how they can help you raise business finance. This article will show you how to raise business fund using venture capital vs angel investors. You will also need responsive website designs, social media marketing, corporate branding and search engine optimization strategies to grow your business, increase your online visibility and make more sales. Most business owners can raise money or start-up capital for their businesses through a variety of financing sources. These sources are broken into two categories,...

July 19, 2020By AbbakinBusiness Financing, Career Development, Startup BusinessesBusiness Loans, Financial Consultant, Financial Planning, Loan Agency, Quick Loans in Lagos., Small Business Ideas, Sources of Business Finance0 CommentsRead more...

How to Fund a Business through Personal Savings

Raising money to start and grow a business is one major challenge that affects many entrepreneurs. As a business owner or founder looking for the best way to raise capital for your business, you can fund a business through personal savings, small borrowing from friends & families and through credit purchase from your suppliers. You will also need responsive website designs, social media marketing, corporate branding and search engine optimization strategies to grow your business, increase your online visibility and make more sales. Of course, there...

July 19, 2020By AbbakinBusiness Financing, Career Development, Startup BusinessesFinancial Consultant, Financial Planning, Sources of Business Finance0 CommentsRead more...

How to Maximize Your Crowdfunding Campaign

Almost each and every startup is going to consider crowdfunding at one point in time or the other in their journey as a way of securing their business finances. There is a chance that you are burning out rapidly even with the assistance of the bank loans, your personal savings, and also, the money donated by your friends and family, and you will be ready to face what the crowd is going to think about your product by implementing...

May 11, 2019By AbbakinBusiness FinancingBusiness Loans, Financial Planning, How to Start Online Business, Sources of Business Finance0 CommentsRead more...

How to Get Debt Consolidation Loan with Bad Credit Score

If you want a debt consolidation loan with bad credit score then a few options are available for you. Nowadays, nothing is more important than credit score because most of the lending companies are providing loan according to the credit score. People with poor credit score can avail the loan, but you have to pay higher interest rates to the users. A credit score will give an estimate to you related to the loan. If you have a great credit score, then you can easily apply for...

April 19, 2019By AbbakinBusiness FinancingBusiness Loans, Financial Consultant, Loan Agency, Quick Loans in Lagos., Sources of Business Finance1 CommentRead more...

How to Prepare Your Loan Application with the Banks

This article on how to prepare your loan application with the banks covers the key areas banks look at when you apply for a personal, mortgage or business loan. With the recent economic challenges, getting a bank loan is no longer the easiest process. This is because financial lenders are now looking for a lot more in a loan applicant. Banks or financial institutions are different, but many of them focus on similar requirements throughout the loan process. To get approval for a bank loan,...

March 12, 2019By AbbakinBusiness FinancingBusiness Loans, Loan Agency, Sources of Business Finance0 CommentsRead more...

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