The growth of Small and Medium-scale Enterprises (SMEs) in Nigeria has been marred by several challenges with access to capital being one the most common feature peculiar with SMEs in the country. Several socio-economic factors compounds this particular challenge in the SME sector and causes a large number of SMEs to shut down within the first five years of operation. Some of these factors include:

High cost of funds as a result of high interest rates and bank charges
Investors and financial institutions consider SMEs to be high-risk
Lack of adequate financial record keeping
Geographic Isolation

This training will share with you steps, processes and procedures for improving your chances of obtaining financial assistance with favourable terms and conditions from investors, banks and other financial institutions.

Objectives

At the end of the 1-day training, participants will be able to:
Understand the criteria and requirements on how to access capital through Bank of Industry
Display understanding of the current trends, sources and ways of obtaining debt capital from financial institutions in Nigeria
Identify and optimize economic opportunities in the local and international market.
Demonstrate ability to comprehend repayment plans, packages, and interest calculations.
Effectively source and negotiate interest on loans with financial institutions
Sign up with Index Consulting for business advisory and financing support

Content
Present economic scenario and implications for SMEs
Introduction to financial institutions and SME services
The place of financial capital in business survival,; growth and expansion
Sources and requirements of Equity financing
Sources and requirements of medium and long term debt financing
Sources and requirements of working capital and trade finance
Meeting Collateral requirements of financial institutions
Interest calculations
Repayment plans
Introduction to special/low-interest development finance windows in Nigeria

Lead Facilitator: Mr. Ike Onyenokwe
▪ Ike is a seasoned and tested strategy, innovation and change consultant
▪ He has over 34 years experience in engineering, operations/management and strategy consulting spanning banking/financial services, oil/gas, manufacturing, and distribution/retail industries, among others.
▪ Prior to founding Index Consulting, Ike was a Director of Strategy at UBA and was a Partner in the Strategy Practice and Head of Manufacturing/Energy Portfolio of Accenture.
▪ Ike has advised/assisted several banks in Nigeria on Strategy, Enterprise Transformation, Cost Reduction, Business Diagnostic, Internationalization, Change Management, Competitive Strategy amongst others.
▪ Ike is a professional/registered engineer, and also teaches Strategy/Competition at the Pan African University.

Target Audience:
Business Owners/CEOs, SME Accountants, Business Start-ups, Entrepreneurs and CEO’s, Retirees, Unemployed Graduates and Business Start-ups, Aspiring Entrepreneurs.

Class Size:
30-40 participants

To register, please do so at eventbrite by clicking the link www.eventbrite.co.uk/e/accessing-capital-for-sme-start-up-growth-expansion-tickets-29692882210 or email learning@indexconsulting.biz. For more information, please call 08068312224. Thank you.