[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.

We are back for business again, roll in calls let see how we can work together.

Youngzubi:
A mini bus driver nearly lost his life today at the Abule-Egba Head bridge

It all happened when a Mark failed brake and the driver lost control of the heavy duty truck causing it to collide with a mini van which sped into another truck moving at a slow pace due to traffic jam.

The mini van got stuck in between the two trucks, the scene was an eye sore as the mini van was squeezed together with the driver, passerby already concluded that the mini van driver was dead due to the condition of the bus, although, the two trucks were left in their good conditions leaving only the mini van crushed into pieces of metals.

People around that area including Passerby rushed to the aid of the van driver, the struggle to bring the driver out wasn't an easy one despite the number of able bodied men that came out to help, honestly it was moment of suspense as everyone wasn't sure of what to expect, some believed he was dead while some argued that the driver will survive it but the later was the case, the driver was brought out alive but was left in a very bad state, one of his leg was broken the other swollen.

see pictures below

You meant Lagos - Abeokuta expressway

mohsaaf:

Wetin we don hear ? Is it the cancelation of the recruitment? Anyway,we don prepare our mind for that . no be today e de happened for this country. Las las we go dey olryt .

you have a bad mind, cancellation ko cancellation ni

What's up guys, una done hear

I use this medium to thank God for special grace giving to me and not forgetting readers too for the accolades received for creating this thread.
I was just doing what i do for a living.
Am honoured. Thank you all.

A friend of mine said, if you fail to take unusual risks, you end up becoming an ordinary.

So taking the unusual risk makes one extraordinary.

jayaim:
I already have 2 civil servants grade level 12 & above as external guarantors, good to go right?

U need to register your business if you have not, then make sure u register enterprise. also u will need ur personal bank account statement. I will chat u later and send the requirements checklist to you

Avidcolz:
Can they accept company warehouse (as in propose factory) as a collateral?
Again, are you in Abuja?

it depends on the market value of the warehouse which largely depends on the location. I'm in Lagos but distance isn't a barrier.

jayaim:
Noted

Just work on those things as discussed. God bless

jayaim:
Ur line is always switched off, i have tried reach u , this is the 3rd time. Pls drop ur other contact that is always available

you should have come back here and say you have been able to reach me. We are in a Country where many things could cause your inability to reach me. I need to say this here, the call I received from here is enough to kill battery.

jayaim:
Bro i will hala u soon. I want to go for the loan under 10m

No problem bro, I will be waiting for your call.

Pharmaceutical Companies are the Bank's priority now, if you know any pharmaceutical companies that need financial support, pls connect us together, let us help them push through BOI. It's sure it will end in success.

Doing the right thing with determination and perseverance success is certain.

Pls if the loan is for buying and selling BOI is not the right bank for such because they don't do such. Commercial and Micro finance banks will help.