Hey guys, this is not a tutorial oo..

me sef na question i wan ask..

I have plans of opening a Game house where people come to play games...

just graduated University and all.. so the funds are tight now..

the business above is a very lucrative business...

and i am nt talking abt opening one shop oo..

i mean several shops spanning several locations... to cut the long story short...

no money to start.. so i thought of bank loans.. because all i need is 700k

i have the location and i have done my research and done calculations too on things(assets) i will get

and their prices...

but in checking some bank's websites for info on loans..

almost all the banks requirements suggested your business most have been up and running even before applying for a loan..

which got me confused...

so guys... anyway out.. is there something else i dnt know abt that could help me out..

thanks

mashnino:
Hey guys, this is not a tutorial oo..

me sef na question i wan ask..

I have plans of opening a Game house where people come to play games...

just graduated University and all.. so the funds are tight now..

the business above is a very lucrative business...

and i am nt talking abt opening one shop oo..

i mean several shops spanning several locations... to cut the long story short...

no money to start.. so i thought of bank loans.. because all i need is 700k

i have the location and i have done my research and done calculations too on things(assets) i will get

and their prices...

but in checking some bank's websites for info on loans..

almost all the banks requirements suggested your business most have been up and running even before applying for a loan..

which got me confused...

so guys... anyway out.. is there something else i dnt know abt that could help me out..

thanks

it seems your post isn't enticing enough to attract comments.
no bank will give you loan on a business which is still an Idea.,let me suggest something to you.start with one shop first,get a shop,look for this micro finance bank LAPO,use your shop to get some cash from them,once they know your location,their staff will be coming every week Mondays precisely to collect a particular amount from you ,until ur debt is recovered full.or form a group of 10 people you know,make use the nine others are business pple,meet Lapo but in this case they give out only 50k to each person and every Monday you pole must give back 2500,until ur loan is paid.