₦airaland Forum

Please what is the requirement for acquiring a loan for a tech startup collateral free

udilson:
Please what is the requirement for acquiring a loan for a tech startup collateral free

Check their site

Below 10m. It was 5m

jameshow:
@jayaim am still expecting your response to the question I asked you

jayaim:
Below 10m. It was 5m

No Fed govt. agency can guarantee loan, what you need is two individuals from the categories as explained above to guarantee you.

if you find those individuals, u will get the loan

If i get them requirements complete, how long will it take to get the loan?

jameshow:
No Fed govt. agency can guarantee loan, what you need is two individuals from the categories as explained above to guarantee you.

if you find those individuals, u will get the loan

jayaim:
If i get them requirements complete, how long will it take to get the loan?

If everything is OK, I mean if your provide all the required docs on time, it will be between 2-3 months.

Please note, Boi doesn't give loan for trading, it has to be manufacturing or any business that involves value addition in the process of getting the final products. Check page 1and 2 for businesses they can support.


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.

Mr James i watched boi's programme on tele yesterday, they are doing a lot. But they don't give restaurant or eatery?

jameshow:
Please note, Boi doesn't give loan for trading, it has to be manufacturing or any business that involves value addition in the process of getting the final products. Check page 1and 2 for businesses they can support.

jayaim:
Mr James i watched boi's programme on tele yesterday, they are doing a lot. But they don't give restaurant or eatery?

They do before, but now they have stopped.
There are lot of risks attached to the business.

Any business (es) related to food & drugs are sensitive.

Any slight mistake can lead to closure of the business which will affect loan repayment plan.

That's why they don't give loan to restaurants.

jameshow:
They do before, but now they have stopped.
There are lot of risks attached to the business.

Any business (es) related to food & drugs are sensitive.

Any slight mistake can lead to closure of the business which will affect loan repayment plan.

That's why they don't give loan to restaurants.

Guy you are really good at what you do and u're also very informed

realpoacher:
Guy you are really good at what you do and u're also very informed

Thanks boss

That means they don't fund many business Cuz many are left out & they claim they want to build a strong economy through diversification

jameshow:
They do before, but now they have stopped.
There are lot of risks attached to the business.

Any business (es) related to food & drugs are sensitive.

Any slight mistake can lead to closure of the business which will affect loan repayment plan.

That's why they don't give loan to restaurants.

jayaim:
That means they don't fund many business Cuz many are left out & they claim they want to build a strong economy through diversification

Bro don't get me wrong, they fund pharmaceutical companies but Nafdac approval is a must likewise other food related products.

What am saying about restaurants is that it collapses easily. Let me ask you these questions:

Can you tell me what happened to Mr.Biggs
and other big restaurants that sprang up in Nigeria sometimes back?

If you know the answer, you will know the reason why they don't want to support restaurants again.

Employ a qualified accountant even if its just OND holder to handle your business transaction documents for you. This will help you to have proper accounting records.

If you know any Pharmaceutical Companies that need financial support, kindly refer them to us for assistance.

We are channelling our efforts through them now in Compliance with the FG directives.

Meanwhile others who are not Pharmaceutical Companies too can contact us for assistance.

Thanks

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.

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

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.

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

jameshow:
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.

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.

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

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

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.

Noted

jameshow:
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:
Noted

Just work on those things as discussed. God bless

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

jameshow:
Just work on those things as discussed. God bless

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

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.

samshoz:
I have not registered. How much to register? Your number is not on WhatsApp?

Would get some rabbit stock, make some cages, get their feed and some medication for them.

How lucrative is rabbit business, can u put me through

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

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.

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.

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