₦airaland Forum

It is a Limited liability Company registered since 2017

lawani:
If you have high turnover then you have assets you just don't know it or you have not organized yourself properly. Location alone is asset. A location where you sell five million naira a day of anything is worth millions of naira even if rented and your margin is 0.1 percent.
What you need to do is to organize your business to become a limited liability company first meaning at least two directors and then shareholders. Banks can borrow you money to the tune of the paid up capital and the other director too can add effort from there you rise. If you are able to save only two million naira a year then your business if it were listed on the stock exchange would have been worth up to 50 million naira and it means you can borrow almost that amount against it theoretically

Your next step should be to become a limited liability company

It is called loan against Turnover. Banks give loans against turnover

ppogba:
You don't sound like someone who has spoken with his account manager and the bank manager . Otherwise , I would have loved to hear what they told you when you approached them for a facility.

Have you been turned downed?

If you jump.ship today, no bank will give you a loan instantly because your account has high turnover.

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We're into solar products sales. Sales of Solar panels, Solar batteries and Inverters

akuneme:
It could be due to your kind of business. There are certain businesses banks get reluctant to issue loans to.

Microfinance banks easily give out loans but it usually comes with a high interest rate.

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Good day guys.

Which banks gives good loans to company accounts that have good monthly and yearly turnover. I'm tired of Wema bank. I need to switch bank ASAP. I can't be doing more than 100m in yearly turnover without good SME and corporate loans support.

I would like to know:
1. Which banks are currently business-friendly for companies with steady turnover
2. Your experience with their loan products and processing time
3. Requirements for company accounts

Please share only from experience. I’m looking to make an informed decision before moving.
Thanks

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They can go to court and contest the ban. It's that simple. Send your lawyers to court and contest the ban

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Let's deal. Still available available available available available

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She has no opinion. Don't you know who Abacha is. You want her to die mysteriously.

bestman09:
Power and money good o.

Imagine telling your girl friend to leave her sister for you for the night and she accepts with happiness!

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Good morning. Car still available available available available available available

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You're appointing an ex governor to manage an agency. The agency will not see one naira to carry out any of its oversight function. The agency will go broke.

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