Many would shower insults on Banks, commercial Banks and Microfinance Banks on it rigidity towards burrowers and prospective burrowers; 'after all the stress of repayment is solely on me- Na me go pay the money' many would express while Banks would reason in another manner like 'Can we get our money back'.
The truth is most Banks experience eminent closure resulting from bad debts while others undergo boom due to good bad.
Whichever way in business taking Risks remain key.
Here are some of the barriers to Successful Business loans and perhaps personal loans:
*Bad Credit History or Report, one who had bad credit report due to inadequate repayment of previous loan, the secret is your creditworthiness increases with seamless loan repayment history so keep your record smooth as no Bank would afford to give loan to anyone with bad credit history.
*Deficiency in documentations, not having the required documents for loan i.e Recognized Nig ID and requirement funded bank statement (Buoyancy of recent 6months income inflows evident in Bank statement for business loan and Net Monthly Income for salary earners loans), to avoid this ensure you build your account to avail you express and quick loan at anytime either from Commercial bank or MFB(such as RenMoney, GTB, FCMB amongst a handful of them)
*Approaching the wrong Bank for loan, most Banks give loans for business but only few are currently efficient, go for those that are efficient enough to meet your urgent financial needs.
Recommendation:
Microfinance Bank avail businesses free access to get opportunities for quick business loans with single interest rate of 4.5% to 9% depending on the MFB, lately many people who I referred to hint me that RenMoney MFB LTD have superbly testified their financial needs as at when they needed it most. According to their testimonies RenMoney's excellent yet quick business loan is reliable, one claimed he got disbursement of his loan request of 1.5million Naira in 2hrs, others said 3hrs(200k to 5million Naira cash business/personal loans) still many said they got their money within a day especially striving Businesses.
Should you are interest in accessing quick business loan and you have been in business for over 6months, with bank statements to show for it call/whatsup RenMoney Loan Specialist Ogaga-09087090579/08159385912/08068781891 or email: oariemu@renmoneyng.com for more enquiry.


By Delhorno.

Quick Cash Loan Business Good News!!!!

RenMoney now give up to 2MN cash business Loans to businesses in Abuja, Ogun, Ibadan and Lagos without collateral, no guarantor and simple interest rate. Call/WhatApp Loan Specialist Ogaga @09087090579/08159385912 and get disbursement in Hours without usual banking protocols.
Requirements:
Recognized Nigerian ID card, A passport photograph and recent 6months bank statement(Statement of Business account).