This is the concluding part of Sources of business capital. In an
article written by Ola Emmanuel,he explained 14 feasible sources of
capital for your business and we've touched eleven out of it. The
remaining three are below.
There are small finance firms that assist micro businesses with funds.
They are known as Cottage fund providers. In he's word " They are
small finance firms that provide funds for micro businesses. You may
not be able to access more than N500,000 from such firms."
In Bank equity participation, the bank provide equity fund for a
medium scale business as a part owner. Ola said " Here, a bank can
provide equity fund for a medium scale business as a part owner. The
bank may choose to partake in the running of the business, and may
hands off immediately the business pays back the fund."
You can also ask your bank for credit for a specified period,its
called Term loan. Ola Emmanuel explained "This is different from bank
overdraft. In term loan, you ask your bank or a finance house to give
you credit for a specific period, say medium to long term. You may
have to provide collateral security, and the interest you will pay
depends on the amount and the status of your business."
Quick Reply
To: May Akinz <samuelakinkunmi2014@gmail.com>
article written by Ola Emmanuel,he explained 14 feasible sources of
capital for your business and we've touched eleven out of it. The
remaining three are below.
There are small finance firms that assist micro businesses with funds.
They are known as Cottage fund providers. In he's word " They are
small finance firms that provide funds for micro businesses. You may
not be able to access more than N500,000 from such firms."
In Bank equity participation, the bank provide equity fund for a
medium scale business as a part owner. Ola said " Here, a bank can
provide equity fund for a medium scale business as a part owner. The
bank may choose to partake in the running of the business, and may
hands off immediately the business pays back the fund."
You can also ask your bank for credit for a specified period,its
called Term loan. Ola Emmanuel explained "This is different from bank
overdraft. In term loan, you ask your bank or a finance house to give
you credit for a specific period, say medium to long term. You may
have to provide collateral security, and the interest you will pay
depends on the amount and the status of your business."
Quick Reply
To: May Akinz <samuelakinkunmi2014@gmail.com>
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