you’ll need dedication, time, and often, a substantial amount of money. For many entrepreneurs, securing the necessary funds is the biggest hurdle, particularly when looking to scale. In Nigeria, only 15% of SMEs have access to formal credit. ...
A SBA 7(a) loan is a type of SBA loan for small businesses and start-ups that need working capital or other financial help to grow. Here’s how to apply.On this page What is an SBA 7(a) loan? 7 types of SBA 7(a) loans Eligibility requirements for an SBA 7(a) loan How to ...
Paylater is a lender that works in Nigeria. This company relies heavily on technology; and operates almost entirely online. Paylater, offers easy short-term loans for individuals as well as small businesses. The emphasis is on the ‘short term,’ this kind of loan is good for a situation ...
摘要: Reports on the increase on small-business lending in New York through conventional small-business loans and through loans guaranteed by the US Small Business Administration (SBA). Impact of small businesses on New York's economy; Challenge of dealing with the SBA guarantee process....
The main purpose of this paper is to investigate the extent to which deposit money bank loans crowds-out deposit money bank loans to small and medium scale enterprises (SMEs) in Nigeria using regression model on data from January 2007 to March 2013. The results provide evidence to show that ...
your personal credit and experience in the industry can affect your eligibility and loan terms. You can also use different types of financing to support your business.Shopify Capital, for example, offers fast, flexible financing for small businesses through loans and merchant cash advances for eligib...
The study assessed the effect of microfinance banks' loans on Small and Medium Enterprises (SMEs) performance in south-west Nigeria. As a survey research, questionnaire method was employed to obtain the required data from 160 purposively selected respondents from 80 SMEs that employ more than 3 ...
-Evidence from Panel Data of Small Businesses in Japan According to previous studies, a bank can set a higher interest rate for small firms by establishing a lending relationship with them since information asymmetry limits competition between banks. In this paper, we examine whether small f... ...
Providus bank is a commercial bank that provides services to individuals and businesses. It is a privately owned company founded on the 15th of June, 2016. Providus bank is licensed by the central bank of Nigeria as a commercial bank, with the license to provide financial services in some reg...
WHAT IS THE REMEDY TO THIS PROBLEM OF LACK OF CREDIT FOR SMALL BUSINESSES? Last year, looking at the industry as a whole, lending to SMEs was down by almost Sh250 billion. That’s a lot of money. Unfortunately, banks have not been providing credit for a majority of customers,...