How Do I Source For Fund To Fund An LPO - Business - Nairaland
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| How Do I Source For Fund To Fund An LPO by RounDVisio(m): 3:36pm On Jan 22, 2017 |
Hello great nairalanders. I'm an entrepreneur with a startup tech company. I will be marketing my products to major private schools in Nigeria. I have discovered that no one believes in startups in Nigeria. The bank is a no go area for startup capital. So, I don't have the full capital needed to startup my company but I'm considering the option of forward payment and LPO (local purchase order). I am not sure if many will be willing to pay a full price before receiving goods due to trust, so I'm considering the options of LPO as key means of financing the importation of the products then supplying. So, I'm asking how and where can I finance an LPO. Nairalanders please help me answer this pressing question. Thanks all. |
| Re: How Do I Source For Fund To Fund An LPO by gametalk: 3:51pm On Jan 22, 2017 |
Once you registered your biz or comapany. You're free to go. |
| Re: How Do I Source For Fund To Fund An LPO by RounDVisio(m): 5:17pm On Jan 22, 2017 |
gametalk:I have registered my company with the CAC... Note: we don't have collateral or anything like that... All we have is an LPO for a sure order. |
| Re: How Do I Source For Fund To Fund An LPO by gratefulheart(m): 5:37pm On Jan 22, 2017 |
If your LPO is a credit worthy. Most bank and financial company will finance it. You don't need collateral for that. Check with you bank Account officer. RounDVisio: |
| Re: How Do I Source For Fund To Fund An LPO by RounDVisio(m): 6:09pm On Jan 22, 2017 |
gratefulheart:Thanks sir... I will definitely check up with them. |
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