How to source out fund or Raise loan for your business without going to the Bank
What if You Don’t Have the Money or Capital to Start a Business?
Now i know Nigerians are enterprising and industrious, but the inability to access the necessary funds or capital is what is holding back most Nigerians. The Federal Government went a step ahead to initiate a programme called “YouWin” and to be sincere, i really laud this proactive measure.But the problem is that YouWin can’t finance everybody’s business; you must learn to raise money on your own without going to the bank. So in response to this, i have written an article that reveals Secured alternative ways on how to source out fund or raise loan for your business without going to the bank
Do you know that there are over 50 alternative ways to finance small business without going to the bank ? Well, you will get to learn about these small business finance options today?
Raising capital is one of the most challenging tasks for entrepreneurs; especially those who are starting out new into business. In fact, the inaccessibility to business capital is more profound for entrepreneurs in developing countries like Nigeria.
I have met people with brilliant ideas but they are making no headway because they don’t know how to finance a business without going to the bank. Do you think banks are the only source of funds for business? Well, I will advice you think again.
There are well over 50 alternative avenues for small business financing and I will be doing my best to share these ideas with you. Most people are aware that banks grant loans to small businesses at an agreed interest rate but they don’t know that there are sources of funds that don’t require you to pay back or even give up control of your business or ideas. Do you want to learn of such sources of funds? Then read on.
Are you really ready to raise capital for your business?
Most people rush out to raise money for their business or ideas but after a few disappointments; they give up and quit the process. They may have good business ideas but since they lack other supporting factors, no one will fund their business. Now what are the supporting factors that can speed up your chances of getting capital?7 Essential Factors that can Help you Raise Capital or Finance your Business Faster
- You need a good business idea or a thriving existing business
- You need a good business plan that clearly states how you plan to utilize the money raised
- You need good business skills and examples of such skills are presentation skills, negotiation skills, sales skills, etc
- You need to understand your business or idea in and out
- Having a business team also will increase your chances of raising capital
- You need industry credibility or at least have some of high reputation stand for you
Five Critical Steps to Follow If You Must Raise Capital
Step 1: Decide exactly how much money you need for your business or idea.Step 2: Note the different types and sources of funding available to you.
Step 3: Decide what source of funding is the right fit for your situation.
Step 4: Find the best source of funding which matches your needs.
Step 5: Put together a deal that makes sense for you today and down the road.
At this point, I believe you are now ready to learn how to raise any amount of money you need with ease. So to make this fundraising process easy for you, I have compiled a report on
Secured alternative ways on How to source out fund or raise loan for your business in Nigeria without Going to the Bank
So check it out here
·
Run
your business part time and look for alternative means of income
- Borrow funds from your retirement plan
- Sell your share certificate to raise money
- Obtain loans from religious bodies you are associated with
- Raise money by managing a fan club for a celebrity
- Look for online businesses or jobs you can do to make money
- If you run a business in the Nigerian agricultural sector, consider applying for the FADAMA loan assisted programme
- If you have knowledge in an industry but lack the money to set up a business, you can start as a consultant
- Get credit from your suppliers
- Make money from your hobby
- Organize a fund raising event in your locality
- Go to Equity financing companies and talk to them
- Raise money from family and friends
- Raise money to buy equipments through Equipment leasing companies
- Raise funds from NGOs and Non-profit organizations
- Approach money lenders
- Join a co-operative society ,investment club or thrift organization
- Sell your tangible assets
- Borrow Money from your Life insurance
- Talk to a small business finance expert
- Apply for Government loan
- Apply for Government Grants
- Get a Franchise loan
- Consider pulling a joint venture deal
- Take in a partner with cash into your business
- Approach Angel Investors
- Consider refinancing your home or equipment
- Negotiate rent with your landlord to squeeze out cash
- Raise money from your customers by persuading them to pay before service or delivery
- Consider selling a Private placement offer in your company
- Start an investment club and use the money to finance your business
- Join professional associations
- Sell your business ideas outright
- Sell shares to your employees
- Increase the price of your products
- Consider reverse mergers
- Hire a money finder
- Use Purchase Order Financing
Ok,that
is it for now.For the full details of the this report that gives you the real companies
name and addresses where get this loan like the five co-operatives club that
gives you load without colleratals,private companies that gives you easy access
loan within 24hrs,where to get federal government grant,How to access govt loan
free.
So check out
your email tomorrow for a full details of the report.Before I sign off I want
to give you a free book for you tittled WHO MOVED MY CHEESE.A must read book .In
this book you will learn amazing way to deal with change in your work and in your life.Thank youJosephson peter okwudili
