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1/9.
Funding for SMEs- why not consider the Bank of Industry (BOI)?
My years of involvement in the commercial space have opened my eyes to some silent but promising funding sources for SMES, e.g. the BOI (including the BOI Microfinance Bank)
A thread...
Funding for SMEs- why not consider the Bank of Industry (BOI)?
My years of involvement in the commercial space have opened my eyes to some silent but promising funding sources for SMES, e.g. the BOI (including the BOI Microfinance Bank)
A thread...
2/9.
The focus of BOI is basically to help business entities get required capital. BOI has several specially tailored funds. Only that BOI won’t give you cash. You identify the facility/equipment/raw materials you require for your business/project, BOI pays for them.
The focus of BOI is basically to help business entities get required capital. BOI has several specially tailored funds. Only that BOI won’t give you cash. You identify the facility/equipment/raw materials you require for your business/project, BOI pays for them.
3/9.
Concerned about security/collateral requirements? Don’t be. They are flexible. First, the facility/equipment/raw materials usually stand as your collateral. In addition, in some cases involving smaller sums between 50k- 10m, all you require is a guarantor. The person can
Concerned about security/collateral requirements? Don’t be. They are flexible. First, the facility/equipment/raw materials usually stand as your collateral. In addition, in some cases involving smaller sums between 50k- 10m, all you require is a guarantor. The person can
4/9.
be your mama, dad, and a friend, who works as a civil servant, a lawyer, or other professionals.
Depending on the kind of funds you want, being in business for say six months will make you eligible. New businesses or projects may also qualify.
be your mama, dad, and a friend, who works as a civil servant, a lawyer, or other professionals.
Depending on the kind of funds you want, being in business for say six months will make you eligible. New businesses or projects may also qualify.
5/9.
BOI is associated with bureaucracy and delay? Yes and no? It mostly depends on your ability to get your papers right from the beginning. So you may want to talk to those that know. Will be glad to assist.
BOI is associated with bureaucracy and delay? Yes and no? It mostly depends on your ability to get your papers right from the beginning. So you may want to talk to those that know. Will be glad to assist.
6/9.
You may start with visiting their website https://www.boi.ng/ ">https://www.boi.ng/">... to have a general view of their workings, identify the particular fund product that is right for your business/project.
Are you skeptical? My experiences have taught me otherwise. eg. among my sets in Uni,
You may start with visiting their website https://www.boi.ng/ ">https://www.boi.ng/">... to have a general view of their workings, identify the particular fund product that is right for your business/project.
Are you skeptical? My experiences have taught me otherwise. eg. among my sets in Uni,
7/9.
I had one of the best Jamb results, but I missed several scholarships because I never believed anything was working, without back-end channels. So didn& #39;t bother to to apply for any.
All said, PLS watch this space for regular tips on commercial & legal insights that have..
I had one of the best Jamb results, but I missed several scholarships because I never believed anything was working, without back-end channels. So didn& #39;t bother to to apply for any.
All said, PLS watch this space for regular tips on commercial & legal insights that have..
8/9.
sustained established businesses and corporate tycoons, but which we were not thought in school. MY FOCUS is identifying and breaking them down for the good of all. PLS follow, share and retweet for the benefit of others on your TL.
sustained established businesses and corporate tycoons, but which we were not thought in school. MY FOCUS is identifying and breaking them down for the good of all. PLS follow, share and retweet for the benefit of others on your TL.
9/9.
Disclaimer: The above is merely a teaser. It neither constitutes a lawyer-client relationship nor a legal and professional advice.
Disclaimer: The above is merely a teaser. It neither constitutes a lawyer-client relationship nor a legal and professional advice.