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BusinessRe: Help My Business About To Fail Due To Loan by Print2244(op): 10:31am On Jun 24, 2022
Good day nairalanders, my name is EMMANUEL ONYEDIKACHI.pls Mods, I don't know if this is the right section.
I have been a member of nairaland since 2013 but for anonymity I had to create a new account to post this. Am sorry if it's a long read.

My business is at the verge of closing due to bad loan. I run a digital print press. In 2021 I took a loan to buy a large format machine that prints flex banners for 2million.
After purchase, the printer went bad due to errors during installation by the installation technicians. They installed the print head wrongly

I started spending money I saved trying get the machine fixed and also servicing the loan. After all said and done, I was able to buy a new print head from China.

Now the thing is my loan is at default as I stopped paying due to lack of inflow caused by stopped operation, and the bank is threatening to confisticate my business. The loan is remaining 1million. Also, I can't start business because I don't have money for materials ( ink and flex banner tampoline), so I came here to solicit for help.

Pls nairalanders help me so I can raise the remaining loan and get my business up and running, nothing is too small.

Attached herein is the image of the machine.
I can also send copies of the loan contract and the letter they sent to me lately to your email on request
BusinessHelp My Business About To Fail Due To Loan by Print2244(op):
Good day nairalanders, my name is EMMANUEL ONYEDIKACHI.pls Mods, I don't know if this is the right section.
I have been a member of nairaland since 2013 but for anonymity I had to create a new account to post this. Am sorry if it's a long read.

My business is at the verge of closing due to bad loan. I run a digital print press. In 2021 I took a loan to buy a large format machine that prints flex banners for 2million.
After purchase, the printer went bad due to errors during installation by the installation technicians. They installed the print head wrongly

I started spending money I saved trying get the machine fixed and also servicing the loan. After all said and done, I was able to buy a new print head from China.

Now the thing is my loan is at default as I stopped paying due to lack of inflow caused by stopped operation, and the bank is threatening to confisticate my business. The loan is remaining 1million. Also, I can't start business because I don't have money for materials ( ink and flex banner tampoline), so I came here to solicit for help.

Pls nairalanders help me so I can raise the remaining loan and get my business up and running, nothing is too small.

Attached herein is the image of the machine.
I can also send copies of the loan contract and the letter they sent to me lately to your email on request

20 8004 1748
Zenith Bank

FamilyRe: Failure Do To Loan, Help by Print2244(op): 12:55pm On Jun 04, 2022
Thank you for your reply. I will upload details of the letter sent to me,I will also upload the loan here.
FamilyFailure Do To Loan, Help by Print2244(op): 11:41am On Jun 04, 2022
Good day nairalanders, my name is EMMANUEL ONYEDIKACHI.pls Mods, I don't know if this is the right section.
I have been a member of nairaland since 2013 but for anonymity I had to create a new account to post this. Am sorry if it's a long read.

My business is at the verge of closing due to bad loan. I run a digital print press. In 2021 I took a loan to buy a large format machine that prints flex banners for 2million.
After purchase, the printer went bad due to errors during installation by the installation technicians. They installed the print head wrongly

I started spending money I saved trying get the machine fixed and also servicing the loan. After all said and done, I was able to buy a new print head from China.

Now the thing is my loan is at default as I stopped paying due to lack of inflow caused by stopped operation, and the bank is threatening to confisticate my business. The loan is remaining 1million. Also, I can't start business because I don't have money for materials ( ink and flex banner tampoline), so I came here to solicit for help.

Pls nairalanders help me so I can raise the remaining loan and get my business up and running, nothing is too small.

Attached herein is the image of the machine.

20 8004 1748
Zenith

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