Dried Crayfish Export from Nigeria:Made Easy

Dried Crayfish Export from Nigeria:Made Easy

Dried Crayfish is one of the foodstuffs currently being exported from Nigeria to countries in Europe, America and Asian More »

How to export Ginger from Nigeria and Make Huge Profit

How to export Ginger from Nigeria and Make Huge Profit

The demand for Ginger in the international market has gone up significantly because the root is now being used as raw material in manufacturing process. More »

Make Millions of Naira through Cashew Export from Nigeria.

Make Millions of Naira through Cashew Export from Nigeria.

The export of cashew nuts and other agricultural commodities from Nigeria is fast becoming very lucrative these days; More »

Bitter kola export business in Nigeria, Invest N80, 000 & make100percent profits

Bitter kola export business in Nigeria, Invest N80, 000 & make100percent profits

Bitter kola export business in Nigeria, Invest N80, 000 & make100percent profits More »

Start A Profitable Groundnut Oil Production Business in Nigeria

Start A Profitable Groundnut Oil Production Business in Nigeria

The high demand for groundnut oil nationwide and the short fall in supply due to the ban on the importation of the product by the federal government of Nigeria has thus make Groundnut oil production business very lucrative. More »

 

Business Loan: How To Ask Your Banker And Get It

One of the most important steps you should take when in need of a business loan to finance an existing or new enterprise is to prepare a good business plan and then present it to your banker.
Presenting a good business plan to your banker, will make a good impression about you and how professional you are before your banker.


 

 

 

 

 

 

 

 

 

 

 

 

When it comes to obtaining business loan in Nigeria, most banks in the country have similar requirements but for Agricultural related business loan a special requirement is needed from customers.
Below are the general and special requirements for obtaining a loan from banks in Nigeria.


A clear statement of the AMOUNT of money needed as business loan.
A clear statement of the PURPOSE for the business loan.
The PERIOD OR TERMS of the loan.
Your BUSINESS PLAN. (If it a new enterprise or expansion of an existing one) Including an authentic financial report of the performance of your business, if it an existing one.
Your MANAGEMENT BACKGROUND AND COMPETENCE. The banker is very much interested in learning about your management background because without a competent management the enterprise will run into trouble and the repayment of the business loan becomes very difficult.
Your REPAYMENT arrangements: The banker will be eagerly interested in knowing how you plan to repay the business loan. Hence, he will like to evaluate your cash flow forecast.
Any SECURITIES OR COLLATERAL you want to pledge. Bankers, in general and especially in Nigeria may want all sorts of securities. You will therefore be well-advised to find out from your pre-application interview with the banker what kind of securities is acceptable to the bank.
SPECIAL REQUIREMENT FOR SOME BANK LOAN.
Here are the special requirements for granting agricultural loans to bank their customers in Nigeria.
A certificate of occupancy for the agricultural land where you plan to farm.
A certificate of valuation of the land.
A survey report of the acreage.
Thanks for taken time to go read through this article, I believe with the information gotten so far, asking and getting a loan from any bank in Nigeria (Gtbank,First Bank and Zenith Bank e.t.c) will no longer be a problem.
Also, I would want you to go through some profitable ideas in Nigeria whose links are listed below.
These are businesses that will make you smile to the bank continuously.

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How to start Sachet and bottle water production in Nigeria.
Cement Block Molding Industry setup in Nigeria.
How to produce Liquid Cold starch.
Charcoal export from Nigeria.
Yam export from Nigeria..

Please share the ideas with friends of Facebook and Twitter.
Also, to get notification of any new post from Naijabizcom please like my Facebook fanpage Here.
I wish you the best in all your endeavors.
Ojo

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