18 DIFFERENT WAYS TO SOURCE FUNDING IN NIGERIA

One of the major problems Aspiring and Emerging Entrepreneur faces in Nigeria especially, is capital. I’m sure this is the same with most African countries. People reading this blog right now, All over Africa will agree with me.

This single factor has sent so many wonderful business ideas to the drain, it has crushed so many entrepreneurs dreams and hopes.

The information you will be accessing right now is priceless- its show you how to source for funds for your business. I am going to take you through 18 different ways to Source funding ,for Aspiring and Emerging entrepreneurs in Nigeria and Africa at large.

1. Startup Financing- I call it the ”seed capital”. Get your business off the ground with cash from several startup sources .I.e if your an employee you can save towards starting up your own business.

2. Equipment Leasing- Short on cash, but need new equipment to grow? Lease what you know you don’t necessary need, and stop waiting till you have enough money for brand new equipments. You can start up by leasing .

3. Community Development Financial Institutions (CDFIs)-So you’re not “bankable” according to traditional rules ,your community may still have resources to help fund your business.

4. Micro-loans- When you need only a little cash to grow, it’s time to check into micro-loans , walk into any of the micro finance banks to access their microloans.

5. Asset-Based Loans- Use your assets like accounts receivable, inventory to help you land funding.

6. Bank-Term Loans- Go with old reliable, and get a business loan from the bank.

7. SME’s -Guaranteed Loans The SME’s got your back. With an SME -guaranteed loan, they’ll guarantee as much as 80 percent of the principle needed .

8. Private Loan Guarantees-If you’re at an early stage in starting up your business,and the bank is ignoring your pleas, what do you do?. Find an investor to guarantee your loan.

9. Fixed asset Loans- If you’re buying a fixed-asset like land, buildings or long-term equipment, look into getting a Fixed asset Loan.

10. Royalty Financing- Got a product that will bring in the cash? I.e maybe you have a music album or you have written a book etc Use it to get a loan based on your future sales.

11. Fed Govt Grant YouWin’
YouWin’-licensed by the FGN to give grants based on inventive and innovative business ideas in Nigeria.

12. Angel Investors- These individual Venture Capitalist investors seem like they are from heaven, but be prepared to give up a chunk of your company for funding. Its better than not even starting the company at all.

13. Business Incubators- “Nest” is one of these entrepreneurial hotbeds, and you might just be on your way to financing.

14. Retirement Financing- Fund your new company with your retirement account from your previous job.

15. Direct Public Offerings-Take your business and your quest for funding directly to the public, by selling shares in your company or opening up to partnership.

16. Reverse Merger- Take your private company public. The easy way to achieve this, is by purchasing a dormant public company.

17. Initial Public Offerings- this is mainly for established businesses. Ready for a whirlwind ride? Take the ultimate funding trip by going public. This guide will help you prepare.

18. Institutional Venture Capital- VC funding isn’t always easy to obtain, and you will have to give up equity, but when you’re a high-growth company with high-financing needs, it can be your best bet.

Are looking for businesses to invest in ?.Are you seeking good business ideas?,with a strong profit potential to fund ,or do your business need funding? I advice you to seek professional services, before embarking into any of the above.

Business Round Table (BRT) provides professional services for both the investor and the emerging business. We organize investors and venture capitalist meetings. where business plans, financial and profit potential of the business is carefully and professional reviewed. Giving the investors strong confident with accurate facts on where and which businesses to invest in.

If you are one of these individuals- send me an email chibuzo4u2c@yahoo.com

Subscribe and follow this blog daily
Follow me on Twitter- @udeozo
Email me- chibuzo4u2c@yahoo.com
Become a fan on Facebook- udeozochibuzo
Connect with me on LinkedIn-Udeozo chibuzo
Watch me on Youtube-
Check out my Blog daily- http://www.udeozochibuzo.wordpress.com

Advertisements

About udeozochibuzo

ENTREPRENEURSHIP, INFORMATION, NEWS-POLITIC, BUSINESS
This entry was posted in Business and Investments. Bookmark the permalink.

3 Responses to 18 DIFFERENT WAYS TO SOURCE FUNDING IN NIGERIA

  1. sex date says:

    hello you have a great website. I wanna thank you for publishing this interesting posts with us. Keep up good work.

  2. Pingback: URL

  3. Hi there you have a great weblog over here! Thanks for posting this interesting stuff for us! If you keep up the good work I’ll visit your site again. Thanks!

Leave a Comment or a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s