Sources of Business Financing for Entrepreneurs (Nigeria as Case Study) by Olufisayo November 18, 2010 written by Olufisayo Published: November 18, 2010Last Updated on September 2, 2021 0 FacebookTwitterPinterestLinkedinWhatsappEmail Related Articles 7 Must-Have Tools for Managing and Automating the... January 20, 2022 5 Best Practices to Ensure Inventory Accuracy January 19, 2022 Starting a Retail Business: Which is the Best... January 13, 2022 Business Call Etiquette for Entrepreneurs January 12, 2022 How to Make Conference Calls More Interactive January 4, 2022 Kiss Cutting: When Precise Accuracy Meets Fast Turnaround... December 30, 2021 3 Security Concerns Factory Owners Have To Deal... December 9, 2021 How You Can Truly Help Your Business Beat... December 9, 2021 8 Things You Need to Know Before Starting... December 9, 2021 Protecting Your Business Information – 4 Ways to... November 29, 2021 52 comments Ebube Dibie July 8, 2011 - 2:22 PM You guys are Fantastic. What you are doing is great. Please i need materials on “The role of commercial banks in SME growth and development in Nigeria” Thank you. Olufisayo July 8, 2011 - 5:14 PM Hi Dibie, thanks for your comment. You should check the link below for the “The role of commercial banks in SME growth and development in Nigeria” https://www.entrepreneurshipsecret.com/roles-of-commercial-and-development-banks-in-the-promotion-of-small-and-medium-enterprises-smes/ also check this https://www.entrepreneurshipsecret.com/functions-of-support-agencies-in-small-and-medium-scale-industrial-development/ folashade January 21, 2016 - 6:45 PM i most confess you guys are great, may god continue to be your strength. please i need the full material on ( The roles of commercial and development banks in the promotion of small and medium scale enterprises. May July 19, 2011 - 11:15 AM Hi thanks for the information you have provided. I want to know are there any companies in nigeria that practise equipment leasing? and if there are can I pls get their contact..thanks. Olufisayo July 19, 2011 - 11:24 AM Thanks for your message May. I’m sure of equipment leasing company in Nigeria. Just google the equipment you need and you get their contact. What equipment do you need? Ebube Dibie November 18, 2011 - 3:28 AM In developing countries characterized by low capital formation, and weakness of both the capital and money markets, the major sources of finance available to budding entrepreneurs are majorly through personal savings, loans and support from family and friends and government scheme’s to support SME’s. Ameh Enojo November 22, 2011 - 12:08 PM Financing is a major challenge for upcoming enterpreneurs in Nigeria.The Government needs to have a human face to help eradicate the level of poverty in the country. Olufisayo November 22, 2011 - 12:16 PM Yes Ameh, financing is a problem but you need to have a great and innovative business idea. The Government is making plans to help out too in Nigeria. Check this link YouWin! ODERINLO OLUWAKEMI January 30, 2012 - 4:54 PM I APPLIED FOR YOU WIN WAS NOT TAKEN ,EVEN WHEN MAY LINE OF BUSINESS IS THE ONE THAT WILL HELP TO ERADICATE POVERTY AND PROVIDE EMPLOYMENTS FOR MANY NIGERIANS IN MY LOCAL ENVIRONMENT. ALL AM SEEKING IS ANOTHER AVENUE TO RAISE FUND TO FINANCE MY IDEA BUT THAT HAVE BEEN A VERY DIFFICULT TASK TOO. PLEASE KINDLY INFORM ME ON OTHER MEANS OF RAISING FUND TO FINANCE THIS PROJECT BECAUSE I BELIEVE SO MUCH IN HELPING PEOPLE. THANKS. Olufemi Peter March 13, 2012 - 12:06 PM Cool, i like your work youth with Innovative ideas should be empowered. They can try forming cooperative society to access certain support in the bank. Like the Dangote fund in BOI. Olufemi Peter March 13, 2012 - 12:11 PM Also try FCMB and STANBIC Bank for loans without collateral. Olufisayo March 13, 2012 - 2:40 PM Thanks for this use information and contribution Peter. Nice having you on on website. Nenye July 4, 2012 - 9:30 AM Thanks for data provided. Please a person that wants to finance his/her old business, will the procedure Aids or is that any other alternative? Adeleye Olayinka July 11, 2012 - 3:05 PM The how-to-do-it contributions were highly appreciated. I hope to get my vision realised EKEKHIDE T KADIRI August 2, 2012 - 11:17 AM I AM AN INDEPENDENT CONSULTANT ON GIVING CAPACITY BUILDING TO MSMEs THAT ARE INTO AGRIC RELATED BUSINESSES AND WE EQUALLY GIVES COUNCELLING TO THE TRAINEES AND ALSO ASSIST THEM TO DEVELOPED BANKABLE BUSINESS PLAN/FEASIBILITY STUDY IN ORDER FOR THEM TO ACCESS FUNDS AND OTHER RESOURCES FOR THEIR SUSTAINABILITY. MY QUESTION IS HOW CAN WE COME INTO NIGERIA CAPITAL DEVELOPMENT FUND AND PARTNER TOGETHER. Eseka Igwe Augustine August 16, 2012 - 11:05 PM Am glad to come across this wonderful website. I was able to develop a business plan on yam, plantain, cassava and beans flour production. I have been in the business though with crude method of production but now want to go into using technology. I want you people to help me with grants to enable me start-up send me information to firstname.lastname@example.org sulaimon Anike August 19, 2012 - 11:03 AM thank you for making my search easier Olufisayo August 19, 2012 - 2:45 PM We are glad we could be of help to you Anike! Thanks for dropping this athif September 18, 2012 - 9:19 AM what is the best source of finance for start-up business sani ali mohammed November 1, 2012 - 3:39 PM please the role of NDE in developing small scale enterprise in Nigeria Onikan Adebayo April 29, 2013 - 6:25 PM My question is this,how can i access start up loan?cos i want to go into advertising business and i can fund it alone,so i dont know if banks do finance business .email@example.com olatunji May 27, 2014 - 7:06 PM Great work you are doing here and thanks so much, please can you provide me with list of grant givers in Nigeria including government and private organisation. Also, if I want to get in touch with you guys how do I reach you. Shanu June 20, 2014 - 12:37 PM Please, i am currently in a monthly paid job. However, wish to state i have intention of starting my own business which put the entire start up which includes cost of a Ware House rent @ between 300-350.000 and cost of minimum purchase of goods for distributorship from the Company to between 600- 650,000, The whole sum required now put at One Million Naira. Kindly advised how to source or an Institution that can be approached for the business Finance Olufisayo June 20, 2014 - 1:16 PM Try http://www.meetneedsservices.com/ and Micro finance banks like http://www.accionmfb.com/ etc. Note: We are NOT in partnership with the companies. Good luck! patrick October 11, 2014 - 9:06 AM Nice post pls can u help me with material on the pre-modern source of business finance in nigeria Using SWOT to Test and Analyze Business Ideas and Opportunities November 19, 2014 - 9:03 AM […] Thank you for taking time to read through our post your contributions through comments would be greatly appreciated. Kindly share with others by inviting them to our website and also share using the social networking icons below. In our next post, we would be examining the Various Sources of Business Financing for Entrepreneurs […] Labi January 5, 2015 - 1:16 PM Thanks for the above infos. I am into small scale fish farming business bt will love to expand n also to diversify. Is there any finaancial institutions I can approach for loan? emete Emmanuel January 27, 2015 - 10:18 PM thanks very much for the post, it is really a motivational message. Am an upcoming ict entrepreneur and I gat what it will take to be a ceo in the next few years but the difficulty am having now Is that I lack the capital and the finance but I know that with God I will achieve what I have dreamt of. Thank you olamide April 12, 2015 - 7:34 PM we have high unemployment rate in Nigeria,we are begging Govt to invest in industrialization and limit importation in the country Roles of Commercial and Development Banks in the Promotion of Small and Medium Enterprises (SMES) April 21, 2015 - 7:45 AM […] Sources of Business Financing for Entrepreneurs (Nigeria as Case Study) […] John Wellington June 26, 2015 - 2:18 PM I appreciate your work on this site, may the Almighty bless and reward you. Am into interstate transportation, a transport company in my State is giving out 16 seater bus on hire purchase, but an initial deposit of N1.6M is required, then the remaining ballance are paid in installment within the period option of between 6 months to two years Is there any financial institution that can empower me Olufisayo June 26, 2015 - 4:30 PM Have you tried http://renmoneyng.com/ and http://meetneedsservices.com ? You can talk to micro finance firms too. Goodluck! An Entrepeneurial Solution To Africa June 29, 2015 - 11:11 PM […] key strategy would be to promote alternative financing sources for start-ups and early stage companies, crowd-funding , crowd sourcing have a significant role to […] Entrepreneurial Financing Nigeria | New Credit Debt July 19, 2015 - 5:43 PM […] Sources of Business Financing for Entrepreneurs (Nigeria … – How does entrepreneur source for funding in Nigeria? An entrepreneur can source for fund … me with material on the pre-modern source of business finance in nigeria … […] Ola San August 15, 2015 - 10:12 PM Kindly advise on how to put up a healthy business plan. 2. Are there other sources of business financing? Most financial institutions mentioned above never like to see small business owners. Please advise. teeman August 22, 2015 - 3:14 PM Nice work u are doing. God shall crown ur efforts with soul lifting testimonies Olufisayo August 24, 2015 - 11:40 AM Amen! Thanks SUNDAY October 1, 2015 - 1:19 AM Pls as an undergraduate of finance ,how can i get tips on hw to issue or buy new share with my allowance sunday October 1, 2015 - 9:15 AM hw can i get connect wit stock broker? Olufisayo October 2, 2015 - 5:26 PM Search online. kingsley January 31, 2016 - 9:44 AM Gudday admin. Am really pleased with your site cus it has greatly assisted me in d cos of my project.. But pls sir, i dont know if you can help me with the complete material for this project topic.. “Sources of Business Financing for Entrepreneurs (Nigeria as Case Study)”. Thank You. And please this my email address.. Kingsleyejim44@gmail.com 5 Simple Ways to Raise Personal Finance for Your Business in Nigeria February 23, 2016 - 8:19 PM […] RELATED: Sources of Business Financing for Entrepreneurs (Nigeria as Case Study) […] muhammad March 11, 2016 - 1:10 PM what are the development and promotion of entrepreneur Aminu Ahmad mashena April 16, 2016 - 8:27 PM please how can I start a small business Olufisayo April 16, 2016 - 8:33 PM this link will be useful. http://www.gistheadlines.com/starting-a-business/ fadila April 28, 2016 - 5:56 PM This Web page is extremely amazing. Thank you so much for this information! I passed my economics project with an A+. Thank you so much once again. Please keep it up Olufisayo April 28, 2016 - 6:49 PM Hi Fadila, We are happy to hear about your success and also happy to know our website helped. Thanks for the feedback. Entrepreneurshiply October 22, 2016 - 7:41 PM Great article. Thanks for sharing shah November 1, 2016 - 7:44 PM s thanks but i need to know about benefits youth in entrepreneurship contribute to an economy Bunmi July 21, 2017 - 12:39 PM Good results. thanks to you i got 27/30.But sir,i still could not find the alternative names known of the public enterprises. probably you should add that there. i would love to be an entrepreneur like you someday. Firdausi December 18, 2017 - 9:00 AM I really appreciate ur work and is of great help to me Tnks Alan Potts January 10, 2018 - 11:58 AM Very helpful post. Thanks for sharing. Comments are closed.