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Nairaland Forum / Nairaland / General / Business / How Can A Nigerian Business Startup Raise An Initial Capital? (13319 Views)
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Re: How Can A Nigerian Business Startup Raise An Initial Capital? by Brunosamel(m): 9:50am On Apr 27, 2021 |
waze63:07026911569 chat me up on whatsap |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by slydog(m): 10:01am On Apr 27, 2021 |
ameh99: Ready all my comments here, I stated it clearly, banks don't give money for start up. If you were the bank too, you won't gamble depositors funds to a man just starting business and who doesn't know the intricacies of the business. I will prefer a tested and trusted hand who has whethered the storm of the business through it's up and downs and still standing, such a person understands what loan is. This gap can only be filled by the govt, angel investors, yours savings, FaFs, and crowd funding. Have no time to sweet talk anyone more less a bank. |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by Aquilazng(m): 10:21am On Apr 27, 2021 |
Jonwesley:How can a manufacturing startup get seed capital? I need urgent help in this regard pls guys. My model is in stages, starting with a recycling plant while I buy back the recycled materials from people that brought them for my production. I have a technological bullet proof strategy to sourcing for my targeted spec of waste materials to be recycled. |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by InvertedHammer: 11:21am On Apr 27, 2021 |
LivingADream:/ Sell your papa land unless... If you are a lady, you know what to do. Every "successful" female entrepreneur in Nigeria has a sugar daddy balancing her account. To her mates and peers, she is an amazon but to her clients, she is a paid-to-play hustler. The only innocent ones that the ones who learned the act of flying below the radar. I make no exceptions to this statement. Quote me any day. / 1 Like |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by Obierika(m): 11:36am On Apr 27, 2021 |
tutudesz: There is a strong reason why banks in Nigeria request collateral before giving loans, Nigerians are very dishonest. I challenge you to loan the money to LivingADream, if he pays back the loan together with the interest as at when due come back here and quote me and I will give you #40K to buy recharge cards for your phone! |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by tutudesz: 1:05pm On Apr 27, 2021 |
Obierika:With some many loan stories flying round nairaland |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by NairalandAngel(m): 2:22pm On Apr 27, 2021 |
slydog: Billyonaire666: Trust me guys, most of these people making noise here about running start-up businesses have absolutely no clue what managing a business entails. How can you claim you want to set up a business yet you're afraid to invest your own money in the business...you only prefer risking the investors money then at the first sign of difficulty you bail out. Apart from the ones who have no clue we have the greedy ones who will want to cheat you out of your investment, then we have the downright scam artists who will convince you to invest then disappear into thin air! I'm talking based on my personal experience and I can tell you guys that releasing your money to a so called start-up in Nigeria or any business for that matter under the guise of private equity fund is a very big mistake. Before you release your money to anyone first make sure you have good collateral, if you neglect this advise you will have yourself to blame! 1 Like 1 Share |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by litaninja(m): 3:26pm On Apr 27, 2021 |
Leave Nigeria. |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by winnah(f): 7:08pm On Apr 27, 2021 |
Wow!!! 2008 experience? Sir a lot has changed in banking.... Like I said, Banks no longer depends on collateral lending. They do cashflow lending. Your other questions, BOI support only business with the capacity to solve problem of job creation. Not buying and selling business. I think you can only get funding in that category if your retail business will compete with the likes of ShopRite. [Qquote author=tutudesz post=101148070] My business was existing before the loan and i was planning to expand, they classified my business has high risk. Profit was bellow N5 million and the collateral should be worth N100 million. This was 2008 and maybe due to my age than. Does BOI support bars [/quote] |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by aquadude15: 8:41pm On Apr 28, 2021 |
sulexrio:My DM isn't working sir. Permit me to send you an email. Can I have your email sir |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by Nobody: 12:42pm On Apr 29, 2021 |
DISCOVER HOW TO RAISE THE FUNDS NEEDED FOR YOUR BUSINESS AND IDEAS THE EASY WAY IN 2021: https://www.wealth-ideas.com/get-funded-in-2021/ |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by greatman247(m): 10:59am On May 09, 2021 |
Brunosamel: Wow, thanks a million. I appreciate you. |
Re: How Can A Nigerian Business Startup Raise An Initial Capital? by Brunosamel(m): 8:57pm On May 09, 2021 |
greatman247:you're welcome |
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