Where best to raise fund for Business and project purposes.

This is not a debate just an overview and information sharing.

As a structured finance consultant, I have worked there, seen and heard a lot.

Its a choice but choose best.

you can raise funds from the following

1. Commercial banks -

through overdraft, loans and salary advance. But be rest assure you must have an account with them or be ready to wait for 6 months of transaction before loan is availed or not subject to good turnover ( even after 6 month). not there fault; CBN rules.

Be raedy to pay upfront charges, btw 1% to 4% of amount involved depending on the bank and how much you get mouth.

monthly interest rate of 14% to 22% depending on the amount involved, duration and how much you get mouth.

Processing time is something else btw 1 day to 1 month.

You must bring collateral- landed properties, etc ( cost of processing these landed properties for loan processing could be as much 500k. These could as well starts a business. Or what do you think. There are some other form of collaterals anyway.

If the loan is for buy of assets like cars or equipments; a percentage contribution is required of you of the amount involved, between 10% to 30%. And offcourse the title papers will be in the banks name till full repayment is made.

Duration is dependent on type of loan from 1month to 48months.

CAUTION - Do not push them to the wall when you owe them. Even though they always give longer rope, dont take them for granted. They sometime carry human feelings, anyway.


2. MicroFinance Banks -

these set of banks, from my study were created to make use of the parent commercial banks deposits, to produce more income on behalf of the parent commercial bank, because they are close to the grass root, lesser stringent rules from CBN, etc

overdraft, loans and salary advance. Whether you have an account with them or not is not a problem.
But be ready to enjoy a higher interest rate and upfront charges if you have no former account history.
Or be ready to wait for 6 months of transaction before loan is availed.

upfront charges, btw 4% to 10% of amount involved depending on the bank and how much you get mouth.

monthly interest rate of 14% to 22% depending on the amount involved, duration and how much you get mouth.

Processing time is something else btw 1 day to 5 days. Very fast i tell you. Ofcousre you will pay for it.

The amount involved and the kind of business or the purpose of the loan determines the collateral.
Colaterals like gurantors, goods, car documents, etc You may bring landed properties ( cost of processing these landed properties for loan processing could be as much 500k. These could as well starts a business. They will be very happy but for how much.

Whether the loan is for buy of assets or not you must save a percentage of the amount involved, mostly 20% with them. The question is if am to borrow 1m, i will have to save N200,000 with them. What do you thinks?

Duration is dependent on type of loan from 1month to 12months.

CAUTION - Do not owe or fall back on your obligations with them, you will regret it ever going to them in the first place.

TO BE CONTINUED..........................

3. Specialized Banks - like BOI, NAB, NCB, etc

These are government structured banks for the upliftment of the economy. These ones do not go on marketing to woo client for deposit.
Most times well mean Nigeria put their deposit their for people to come and access it as loan for purpose that has direct impact on the economy and GDP. Such as People like Dangote with BOI.

Overdraft and loans are accessible. you do not have to have an account with them but must have a good account with the bank you are banking with.

And loan is approved subject to well detailed purpose, structure of your company, good turnover (6 month statement, and meeting other very stringent requirements.

Be sure ready to higher a consultant to package your request to them or else, bye bye.

They are almost the best but very very difficult to access loan from, except maybe as government functionary.

There charges are relative low compare to all banks. Be raedy to pay upfront charges, btw 1% to 2% of amount involved and you do not need to have mouth.

monthly interest rate is relatively low too, around 14%

Processing time is longer. Reason, maybe because of government bureaucratic process.

You must bring collateral.

Most times they dont finance startups.

Duratiion - Those that patronised them are mostly for long term loans.



CAUTION - Nothing much. But if you enter a hole or travelled out or die self, they will always get you. so dont even think of running any where.




4. PMB (Prmary Mortgage Bank)

These are licesened to deals on mortgage and real estate transactions.

Ofcourse some do other forms of loans but at very exorbitant rate.

Overdraft, loans and salary advance. you must have an account with them or be ready to wait for 6 months of transaction before loan is availed or not subject to good turnover ( even after 6 month); CBN rules.

Be raedy to pay upfront charges, btw 3% to 4% of amount involved depending on the bank and how much you get mouth.

monthly interest rate for direct mortgage is between 22% to 29% depending on the amount involved, duration and how much you get mouth.
But for mortgage loan (NHF) it is 6%, because it is statutory.

Processing time is something else btw 15 day to 3 month.

You must bring collateral- landed properties, etc ( cost of processing these landed properties for loan processing could be as much 500k. No other collateral is recognised, except you get mouth

No percentage contribution is required for overdraft or salary advance. But for Mortgage and NHF; 10% to 30% is required.

Duration is dependent on type of loan from 1month to 36months for direct mortage and max of 30years for NHF.



CAUTION - For working capital loan, especially startups, do not go their except you so sure of your profit. But nothing is sure in Nigeria nowadays. You may never being able to pay back. If you landed property cost 100m and you owe 5m. They will still collect your property oh, seriously!!!



5. Financial Institutions

through overdraft, loans and salary advance. No need for account opening.
loan is availed subject to gurantor, collateral, good statement turnover and NO RETURN CHEQUE.

Most only patronised bank workers or oil company workers. some also consider self employed that has good guarantor.

Be raedy to pay upfront processing charges, btw N500 to N5,000 depending on the firm

monthly interest rate of 4.5% to 30% flat rate depending on the amount involved, duration and how much you get mouth.

Processing time is something else btw 1 day to 2 days.

You must bring collateral or 2 to 3 guarantor

Duration is dependent on type of loan from 1month to 9months.



CAUTION - Do not owe or fall back on your obligations with them, you will regret it ever going to them. There interest kill faster than high Blood Pressure!!!!!






6. Financial Individuals - (Loan sharks)

Overdraft, loans or salary advance oh all are loans to them.

No need for account opening, statement. you may even have a bad credit rating. You are welcome to thedy to pay upfront charges, btw N2,000 to N6,000. Non negotiable

Be ready to pay monthly interest rate of 30% to 50% flat rate on the amount involved.

Processing time is something else btw 1 day to 2 days.

You must bring collateral-like guarantor, your car (physical possession), generator, etc

No bank is invovled

Duration is dependent on type of loan from 1month to 6months.



CAUTION - Before warned is to before armed. If you no get liver do not go there. Na early grave. There is nothing like salary never come, dem never pay money for contract.





7. Cooperatives -


A coop is an organ set up by a common people with like mind or purpose to achieve a common objectives, most times financial objectives.

You just register to be a part and abide by the rules and regulations they called Bye-Laws.
You do your monthly contributions called savings faithfully. The amount for savings is fixed by the coop like it must not be less than N2,000 monthly.

You also contribute to share contribute.

when you need loan, you can only borrow 2 ply the amount you have as savings, have 2 or 3 guarantors within the coop.
That means if your savings is little loan you will be entitled to will be little. Personal faith decider, i called that.

Interest rate cannot be more than 1% to members. So cheap, abi.

Repayment could be as long as forever, as long as you are still a member.

Some cooperatives grant loan to outsides (non members)
They only follow the usual financial firms requirement.

You may update yourself on the link below -

https://www.nairaland.com/1263267/need-investment-capital



CAUTION - No caution. If you are in any cooperative happy are yee. They help you grow faster and with ease. You sleep with your 2 eyes close.




8. GLC cooperative Club.


A coop is an organ set up by a common people with like mind or purpose to achieve a common objectives, most times financial objectives. A cooperative club where they leverage on members capability and capacity

You register to be a part and abide by the rules and regulations
GLC coop do not collect monthly contributions or savings apart from the amount you take to register.

GLC call loan request as capital.
GLC raise capital for what ever your request or purpose is.
when you need capital for your business, GLC put in place a platform to raise that capital for you.

They do not need collateral or guarantor.

The duration to get the capital raised is within 6 months from the date of becoming a member.


No interest rate. Wow is this for real? Real i tell you.
No upfront charges or monthly interest

But as a member you must be there advert board or there marketer. You must spread the gospel according to GLC to 3 people who would like to raise capital for business like you. ( well wont someone rather do this in exchange for upfront charges, interest rate, collateral, guarantor, statement of account, embarrassment, etc) FOOD FOR THOUGHT.

You may update yourself on the link below -

https://www.nairaland.com/1263267/need-investment-capital

https://www.nairaland.com/2162753/cooperative-where-raise-investment-capital



CAUTION - No caution. If you are in any cooperative happy are yee but if you are in GLC coop, i think, best are yee. They help you grow faster than you will ever imagine and with ease. You may sleep with your 2 eyes close for 24 hours, if possible.



Constructive contributions are welcome.

Raise your capital with ease at GLC.

Money back guarantee.

That there was an eventual change in Aso Rock will not culminate to an effectual change on your table. The change in Aso Rock will only culminate to change in Economic and Environmental indices.

The effectual change will only be seen on your table by the actions or inactions you take as a result of the input into the economic changes resulting into a better standard of living.

That is the actual change.

Think GLC cooperative for better standard of living.

Wouldnt you rather bank with GLC.

Bank w ith Glc

And for those who are interested in loans for businesss, projects or to meet bills like rents, school fees etc.

GLC has opened your book of remembrance.

The time has come.

And now is the time.

Get loans at MINIMAL or NO interest.

Stay tuned to this page for the details from Saturday 7th November, 2015.

WATCHOUT!!!!!!!!!


Financial Solution has never get easier anywhere else.

Think GLC

whatsapp - 08087329004
Email - akdam_multiwealth@yahoo.com

Learn how to leverage in order to
achieve your financial dream.

Listen To these Radio stations as GLC talks about her Cooperative Launch this Saturday 07 Nov 2015

Radio Continental FM (102.3) Today 6:15pm – 6:30pm
Star FM (101.5) Tomorrow 7:30am
Inspiration FM (92.3) Tomorrow 6:15pm

GLC is a mentoring and empowerment centre.

You can raise money from GLC to meet any project, business , bills etc.

There are 2 ways you can raise money from GLC, as a member.

1. As a repayable loan from the GLC cooperative

2. As a non-repayable fund thruogh GLC fund packages



1. As a loan from the cooperative.

you have to become a member of the cooperative by paying N2,000.
Then you start doing a monthly contribution of minimum of N5,000 every month.
you have access to loan after 6 months of being a member.

2. As a non-repayable fund thruogh GLC fund packages.

No matter the business

Yes we do raise capital for people to meet there various needs.

GLC can assist you to rise above with cash. Either as you are looking for another job or to start your own business.

GLC can assist you thru its systematic way if raising funds.

Thats what GLC came and has be licensed to do.

Its not a matter hope.

Its a matter of understand the concept of getting the funds.

If you can trust GLC. You will never be under pressure of looking for or trying to raise money for your biz or projects again.

GLC has been going about round the whole states enlighten people especially university undergraduates, youth corpers, startups and young and upcoming entrepreneurs on how to get financial support their projects, plans, ideas etc.

They use the method of crowd funding to raise capital members.

GLC cooperative club is one of the programmes offered by GLC concept ltd. for empowering upcoming and young business entrepreneurs to raise capital for their various projects with ease and also giving them tips from world renouned consultants for free on how they can up their games in their various business endeavour

But the mgt found out that after all this trainings to participants, funding of all their ideas is always a challenge. Even bank do not help matters. So they introduce GLC funds cooperative. Where members can leverage on each others funds and network to raise capital for themselves with easy.

The cooperative vision is to raise 1,000,000 entrepreneurs who will compete globally in building a thriving business.

In simple language, GLC offers the following as business line : 1. Entrepreneurial mentoring program, 2. My business & U. 3. Goldmine Online Directory. 4. Online shopping cart. 5. GLC Home scheme plan. 6. GLC shoppers delight. 7. GLC skill acquisition & training centre.

And it is very legal.

Crowd funding is the in thing the world all over because of the unnecessary beuarecracy been put in place by banks and the rest.they don't help startups or entrepreneur to develop

The coop pays twice every month 1st and 15th. So if you have money in you back-office you can always withdraw on those days.

All thru this your capital needs and projects are met whether you owing anybody.

Minimum to received is 30k maximum is as much as 20m.

All thru the power of leveraging on each others support.

No paying back. And the money is not free.

The platform uses the concept of crowd funding to generate money. Where people comes together with a token to raise money for one person. But because everybody is bringing three three. More and more people are enter into the coop thru your line and every bodies lines and there is systematic way of everybody collecting. So its turn by turn. However if a line stop to introduce the money stop for that line.

Because its not a loan program.

Thats why the bringing of 3s is mandatory for the coop to implement no paying back. And it will just become an ordinary crowd funding. And will not solve the problems of people.

So people make use of there numbers and Small saving to empower each other in businesses.

There is -

4k to get 3.5m in 9_12months

56k to get 1m in 30 days

160k to get 20m in 3 months.

64k to get 8m in 3 mths

12k to get 400k in 30days.

2,500 to get 30k in 14 days

All estimated days & months. It could be more or less.

It's a choice.

The money goes to your bank account you submitted.

It's not a loan company neither is it an investment company.
It's pure crowdfunding benefiting those who are aware of it and also how to make use of it. Very simple

In GLC cooperative -

No interest
No collateral
No guarantor
No hidden charges
No account opening
No statement of account.
No repayment.

Just pure crowd funding concept. And its all over the world.

The money comes from the crowd.
The repayment is also from the crowd.

Goldmine fund cooperative from the stable of Goldmine liberty concept Ltd.

Head office in Lagos

www.goldmineliberty.com

That's the testimony of GLC, raising people raising money.
That's what they are licensed to do.

GLC is registered with CAC, EFCC and Lagos State Min. Of Agric and Cooperative Matters.

You can confirm all these even on the site of those agencies.
That's independent confirmation.

So how do you start?.....

Do you have dreams, ideas and concepts?

Do you lack capital?

Do you have capital but it's limited?

Are you a student in need of extra fund to take care of yourself while in school?

Do you want to earn extra income while maintaining your present job

GLC can assist you.

Our vision is to raise 1,000,000 entrepreneurs.

We have raised 5,000+ already.

You do not have to go to the bank to borrow money or funds for your projects or ideas again.

If you are still doing that you are still living in the past.

This is the problem GLC came to solve thru crowdfunding and its systematic way of raising capital.

No interest

No collateral

No guarantor

No account opening.

Just pure crowd funding.

GLC presents to you an amazing opportunity to raise quick funds to solve your immediate needs.

The requirements are -

1. Above 18 years
2. Have a functional bank account.
3. Have an active email.

The process -

1. You choose a package that best suit your project/purpose.
Presently GLC has beautiful short term packages that suit everybody

This short term funds is both for students and anyone who want to embark on a short time projects and needs to raise quick fund to pay house rent, school fees, buy lecture notes, small car, home appliances and finance SME businesses

* STUDENTS DELIGHT - This is where with just a registration fee of N2,500 you stand a great chance of raising N30,000 at the end of the circle. You bring 4 people on board to form a team. This could be completed in less than 7 days. Simply amazing.

* ZENITH FUND - This is a special fund that aims at helping members solve their immediate needs. Members can complete this circle in less than 30 days. Registration for this package is N12,000. Members raise about N400,000 at the end of the circle.

* CLASSIC FUND - With this special package members can raise up to N1,000,000 in less than 30 days which can be used to execute business projects. Registration for this package is N56,000.

* ELITE FUND - Here with N160k you can raise N20m.

2. Pay the registration fee attached to the package you chose into the cooperative bank account wherever you are.The details of the accounts will be sent to you under request.

3. Contact me for your registration online

Whatsapp - 08087329004
email - akdam_multiwealth@yahoo.com

Powered by GLC
www.goldmineliberty.com



Student delight - 2,500 to raise 30k estimated 14 days. You introduce 4 people.

Zenith - 12k to raise 400k estimated 60 days. You introduce 3 people

Classics - 56k to raise 1m estimated 60days. You introduce 3 people.

Elite - 160k to raise 20m in estimated 4months. You introduce 3 people.

The days could be less or more depending how u quickly complete the circle.

When u cash out. You can say bye bye to GLC. And if you want more money you re register and repeat the whole process again.

Or you move to an higher package

That's why its called crowd funding.
Everybody do the same thing.
And get money out.

12 days to Xmas.

19 days to New year.

You can still be part of this 1,000,000 team.

GLC beckons.....


Akdam
WhatsApp - 08087329004
Email - akdam_multiwealth@yahoo.com

TMT eCoop...... Loans and Savings at its best

BUSINESS/ PROJECT FUNDING too! Yeah!!!
TMT eCoop .......all for one, one for all

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