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Funding a business
How Do I Get Funding For My Business In Nigeria?
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[QUOTE="kayode10, post: 217910, member: 26899"] Most people found it easy to recommend raising business capital through loan from the financial institution. but large majority of them don't know what it takes to raise capital from the financial decision like bank. If you are in developing country, you are going to face with high interest rate on the loan you are applying for. Most of the financial institution usually charge at least 24% interest rate for every loan you obtained from them. Another thing is that you will have to bribe your way to the top in order to secure the loan. There are so many ways in which we can go about raising funds for your business idea without approaching the financial institution. Bootstrapping is one of the ways to raise capital for your business idea. You engage in some side hustles and save the money you realise from those horses for your business idea. Another way is to partner up with someone who have financial muscle. This person can be within your family members or your friend. You just need to come up with a good presentation and convincing idea so that the person Will invest into your business idea. You can also raise capital for your business idea through angel investors. Angel investors are people who are looking for small-scale business to invest your money in preferably the one that will bring in profit for them. [/QUOTE]
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How Do I Get Funding For My Business In Nigeria?
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