This message was sent to me by skye bank customer centre after an enquiry mail:
Dear Esteemed Customer,
Thank you for contacting Skye Bank.
Following your mail below with respect to your inquiry on the requirements for obtaining the CBNMicro, Small and Medium Enterprises (MSMEs) loan through Skye bank, we would like to inform you of the terms of lending in which you can access up to =N=50, 000,000 at a 3% funding cost per annum.
The interest rate is also at 9% per annum and the repayment period is a 5 year maximum tenor.
However, the loan must be adequately secured , hence, you will be required to provide us with a collateral that would cover the amount you are requesting. The repayment shall also be from but not limited to the proceeds of the business.
To assist you appropriately, we advise that you please visit any of our branches to complete the Skye Bank - CBN application form. Please visit the branch with the following documents;
Ø A Credit Proposal Memorandum
Ø Duly executed Offer Letter by authorized signatories which should contain full details of the project you want to embark upon
Ø Business plan
thanks.

Ok

very good idea...


Mod...people will need this.l recommend it for front page.
Thanks for the info.

So the value of collateral must equal the loan sum sought.

If I need a N3m, I must provide a collateral equal that. So if I had that mush why will I not fund my biz in the first instance and keep the proceeds to be paid as interest.

Banks? Nigerian Banks? No!!!

ORGANIC PLUS FERTILIZER (water Soluble)

Property and General Advantages:

The product which contains multiple small molecules of amino acids, peptides, chelates and their chelates with trace elements is a kind of natural NUTRITIONS for plants. It is non-poisonous, non-toxic and safe for the environment, which provides plants (vegetables, fruit trees, flowers and crops, e.t.c) with various nutrients.

Benefits:

Promotes the growth of plant roots, stems and leaves.
Improves the quality and flavor of the harvestable parts of crops significantly.
Enhances the drought resistance, infertility resistance, diseases and insect pests resistance of plants.
Helps the seeds germinate faster and stronger.
Improves soil structure and enhances the bioactivity of the soil.

Shelf Life: 24 Months
Suggested Use: Dilute into 1:1000 solution
Caution: Keep at room temperature. Avoid direct sunlight. Keep out of reach of children.
Endorsed by Nanjing Green Sky Biotechnology co., LTD

For SALES ORDERS & Business Opportunity, please contact:

Mr. Recs Olamide (www.greenworld.com.ng/fertilizer)
Suite 215 B, DBM Plaza,
Wuse, Zone 1, Abuja.
08139156051 or 07054301521
Green World Website for Products.
http://greenworldhealthcare.
http://greenworldfctabuja..com/
http://greenworldhealthcar..com

ORGANIC PLUS FERTILIZER (water Soluble)

Property and General Advantages:

The product which contains multiple small molecules of amino acids, peptides, chelates and their chelates with trace elements is a kind of natural NUTRITIONS for plants. It is non-poisonous, non-toxic and safe for the environment, which provides plants (vegetables, fruit trees, flowers and crops, e.t.c) with various nutrients.

Benefits:

Promotes the growth of plant roots, stems and leaves.
Improves the quality and flavor of the harvestable parts of crops significantly.
Enhances the drought resistance, infertility resistance, diseases and insect pests resistance of plants.
Helps the seeds germinate faster and stronger.
Improves soil structure and enhances the bioactivity of the soil.

Shelf Life: 24 Months
Suggested Use: Dilute into 1:1000 solution
Caution: Keep at room temperature. Avoid direct sunlight. Keep out of reach of children.
Endorsed by Nanjing Green Sky Biotechnology co., LTD

For SALES ORDERS & Business Opportunity, please contact:

Mr. Recs Olamide ([url]www.greenworld.com.ng/fertilizer)[/url]
Suite 215 B, DBM Plaza,
Wuse, Zone 1, Abuja.
08139156051 or 07054301521
Green World Website for Products.
http://greenworldhealthcare.
http://greenworldfctabuja..com/
http://greenworldhealthcar..com

Good one there.