It happens every day. Well prepared entrepreneurs walking into the banks with brilliant business ideas. With well develop business plans –and walking out empty-handed. SMEs in Nigeria have not had much impact on the economics development in the country due to lack of financial resources. Which is a vital ingredient to start off a business. A keen reading of the ailing banks that lost their management team a few months ago in a “bank massacre” were neck deep in dept reaching the staggering proportions of N740 Billion, a quarter of the nation’s annual budget. It will amaze you that none of the small business in Nigeria benefited from this staggering sum of money. Here are the ways of raising funds for your business without going to these banks.
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