₦airaland Forum

Many people have contacted us to make enquiry about BOI loan. Some of these people are into businesses that BOI dont support.
This set us on motion to find a suitable source of fund for the category of these people doing those businesses though at a slightly higher interest rate of 12-14% per annum rather than 10-12.5% of BOI.


If your business fall into these category or not and you need about 10m and above, you can contact us to guide& help you out.

Please note you will have to secure the loan.

Thanks

Greetings to you all,

The year is going already.

People are submitting applications to Bank of Industry now, why not give it a shot?

10% annual interest rate is the best you can get anywhere in the Country.

Greetings to you all,

Compliment of the season to you everyone,
I pray this year brings us all the best we all wished for. It shall be a fruitful year by God's grace.

I want to use this medium to remind you guys that 2021 BOI application submission has kicked start, the earlier you submit the better.

There will always be one challenge or the other stopping one from moving forward but it largely depends on individuals and our determination.

BOI gives term loan and working capital with at least 6 months moratorium at 10% and 12.5% interest rate P.A respectively.


You can contact me for more enquiry

tobechi74:
Sex’ – Because of the existence of a word, most of the people have forgot to clearly and strongly enforce a matter –  “Sex Education”.The one and only long term solution to the problems faced by women in the society is this.Explain to us about the body of men as well as women correctly.Teach us that body is a temple not a lodge or inn.Educate us how to respect body,like how we learn ethics in Value Education.Tell us that sex is not a word that must be narrowed only to pleasure,but a divine means of existance of the world.

Teach us that one who loves women and respect her is a real man.Instruct us that any touch without her permission is a violation.Make us understand that umbilical cord of a woman is also a mark of relation between a mother and child.

I have only one thing to tell the womenhood.If a boychild is born from you, grow him to be the best son.Clearly teach him that any touch without love or  permission is wrong in itself.Like how “Thatvamasi”(That thou art) is taught in Vedas,declaim into his ears that she is also a part of his body frame.


Respect HER : Her Body; Her Mind; Her Decisions
If you please,Lord, allow we men to live women’s and women to live ours lives  atleast for one day.

Let women understand, how difficult it is to live life of a man where he is walking with the live coal of lust and desire that wakes up in a matter of seconds.
And let the men understand the sea of pain that women go through only because of being a woman.
Let us know each other….and kiss with our hearts.


https://tobechispeaks./2020/10/11/communities-where-women-are-powerful-2/

If this is just what you want to be taught or listen to, you know where to get them or where to go and find them.

OP simply wrote a piece of what money can not buy. Once we flee from sexual immorality, there won't be issue of raping or any other sexual harassment. Sexual immorality brought about raping

A testimony time!!!!

For those who don't believe that BOI loan is obtainable, one of my customers who i submitted her application by July ending got the loan last week at 10% per annum since is a term loan(equipment financing). She is happy now.

The loan is MSME loan I.e below N10m.

like i used to say, if you need the loan and you can struggle to meet the requirements, i will guide and you will get the loan.

I wouldn't want to display much of this stuff here but for John Thomas among us see few of the items

Some people thought my weekly or daily posts here is just a waste of time while to some my posts are educative,informative and directive. To me my posts is to meet people's needs and my own needs which i have achieved.

I'm here to let you know that though BOI opens for operations throughout the year but in a real sense of it, they close by NOV ending or early Dec.

For those people who have read my articles here and have it in plan to approach BOI next year, this post is for you, try and get their requirements checklist now, work on it and approach them early January.

You can contact me for a copy now then contact me in January for final packaging and submission.

But if you have already done some level of documentation, we can still submit this year.

and you will be through with the whole process latest by April.

All shall be well

Existing loan with BOI are currently enjoying 2% interest rate deduction (8% for equipment financing and 10.5% for working capital) as a means of cushioning the effect of pandemic on the economy. By march 2021, the interest rate will go back to the Bank's normal interest rate: 10% for equipment financing and 12.5% for working capital.

Read more about BOI operation from the 1st, 2nd&3rd page.

please note

if you are applying for loan below 10m, you will have to pay 10% security deposit.

Though after approval just before disbursement as part of your collateral to secure the loan.
read more above about it under security arrangement.

Before you contact me, pls try and read what I wrote especially in page 1,2 and 4. It will help you to have some level of understanding about the whole process.

I explained explicitly in those pages, just take your time and read.

Then we can talk better.

Once I heard from Nairaland, I do assume that the caller must have read what i wrote.

It is well

If you need BOI fund early next year say Jan - Feb, this is d best time to apply for this loan.

Just know that it doesn't come easy but we will guide you through it all and you will enjoy your low interest rate with a longer tenor and at least 6 months moratorium.

dukeprince50:
we will not take this.
Democracy is suffering under PMB, the rigger general

Orubebe family, When Obaseki won in edo he was happy now he didn't want to take this

We just crossed the line for some of our customers today, we await you if you are interested in BOI loan. Only a serious minded people pls.

Thanks

let talk if you can help

If you have a cold room or you know anyone that has a cold room between 500/800 sqm within Festac that is up for sale, kindly contact me on 07088809305. You will be rewarded handsomely.

Thanks

[quote author=Giantfarmer post=94064013]thsnks for the education,ok hopefully next year I will try working on boi loan[/quote



U welcome, just try and do as have tutored. You won't have problems when you are ready.

Also do check here for more update on the loan.

Today's update on BOI loan.

I will be talking about the BOI loan's tenor and moratorium.

Tenor is the duration that the loan amount will take or expected to be completely repaid while moratorium is a grace period. The period where only interest is expected to be paid without principal repayment. This period varies depending on the nature of the project and the source of items to be financed.

Nature of projects: Projects that has longer gestational period will take a longer moratorium period than the one that has a shorter gestational period.

Source of items to be financed: if items to be financed is imported such loan will have higher moratorium period than loans approved for locally purchased items. This is so due to time involve to bring the imported items to the country, also the time required to clear at the port, to install, commission and commence work. It will take more time than locally purchased items.

Hence, the variation in moratorium period.

i. Why is BOI loan the best for Manufacturing Company's businesses?

ii. What are the likely effects of BOI loan on those operations?

With the above issues and questions raised and my answers to those questions. I believe it will help in determining where to source for manufacturing business loan.

Commercial banks will only offer short term loan with high interest rate as high as 28%-32% of the loan amount at max 2- 3years tenor without moratorium. The implication of this is that a manufacturing company that obtain such loans will work for that commercial bank throughout the tenor of the loan unless the business can generate as high as 60% profit. Even if they made the 60% profit yearly, is still doesn't make any economic sense, the profit that could have been used for expansion or diversification into another line of business is been wasted servicing loan.

Meanwhile if you are patient enough to go through BOI loan processes and get the loan at rate of 10% per annum you could get a year moratorium or at least 6 months moratorium for your business to stabilize before you start principal repayment. This will significantly improve the financial status of the company unless the company lacks financial management.

Secondly, the company will have an improve revenue reserve which could be used for other projects.

Why not think of BOI loan today for your manufacturing business.

Pls read 1 & 2 page of this thread for more details and my contact for more info.

Thanks

Good day guys, I'm here again for my update on BOI loan.

I can't say if this is a good news or bad news but is good to share this with people that are planning or intending to apply for BOI loan for Nylon and plastic recycling business. There is just a newly made policy that will stop loan approvals for that line of business(nylon and plastic recycling).

Not all recycling businesses: Metal, e-waste and Other solid waste recycling business will still fly. Just nylon and plastic will not fly. The FG is discouraging the use of plastic and nylon as they are both non biodegradable materials.

If you are in need of BOI loan for manufacturing businesses you can talk to me. Pls read details in page 1&2 of this thread for more info and my contact. Thanks

If you are into manufacturing, fashion etc and you need BOI loan for equipment financing at 10% per annum and 12.5% per annum for working capital feel free to talk to me. i can help you out. Check the first and second page of this thread for more details and contact for more enquiry.

Thanks

is it that no one has ideas of Lagos state owned MDAs salary

Nigerians are perfect in misusing opportunities and taking leniency for granted.

If you need loan from BOI and you feel you can access it yourself, why don't you go ahead and access it directly, why appointing consultant services you don't want to pay for?

A proverb says an once of experience or knowledge is better than a pound of book knowledge. Business owners; Until you begin to value knowledge, you won't stop having issues in some aspects of your business.

If you need our assistance in getting BOI loan, pls do check the first page of this thread for our contact.

Thanks

Jags0813:
Where's everyone, no updates from any reliable asset?

Jag my man, d info now is highly classified. Those sources with d real info now won't release it because of d source of d info. However, next month is d month but d date you won't hear it or see it anywhere until d time

Can't just wait to see him playing for Man city. The team will be too tough to stop with KDB, Aguero and Koulibaly at d back and Guadiola as a coach. It will be nice to watch. If he decides to leave I know is City that he will come. The people at helm of affairs at city have worked with him before as well as d coach

Pls ask him where is the training camp of DSs and I will bombard him now.

Presently, the DSs training camp for Cadet is being used by NIA and it will be vacated for cadets by ending of this month. He is a liar. Don't just mind him

MrMunir:
Where are they training you

Guys becareful with this ProudNGN guy. He is obviously a scammer.
Don't deal with him.

Check his previous posts

ProudlyNGN:
If you are waiting for DSS we Spent One Week in Training Camp Already.

And for your Information the Camping include EFCC detectives.
All of us are going to be Train in one place for now then later on we will be splitted into our various Departments.

Some Ogas at the top are still sending their candidate, some will come even 3 months after commencement of training.

All those idiot that are claiming they have Intel quoting me up and Down where are you?
If you are among the lucky ones indicate with your number let's hook up in Camp.

This is a deadly lie, DSs can't train with efcc. for your info DSs don't allow trainee to use phone in camp. May be you are referring to efcc. You can't even access Internet while in DSS camp.

pls who has idea of ranks in DSS? from bottom to top

If you are expecting cash, BOI don't give money directly to customers to avoid diversion. They are not commercial Banks.

BOI loan is different from AGMESIS or COVID 19 Loan by CBN. Pls don't get it wrong.

Pls who has idea of the salary scale of Lagos state civil servants

adekusibe10:
what about the animal feeds

.

They can support you

For those that just following the thread, I have my contact on the 1 and 2page of the thread.