emmanuelewumi:


You are asking for too much. His business cash flow from his account will convince his bank to support him if the business is bankable. Very easy to get loans from the banks now

uba of all banks called me that i quality for 4m naira customer loan without visting the bank ...payments is 164 k over 36 months

emmanuelewumi:



Too bad if you have done a so called good business for 4 years and you don't have an emergency reserve that can mitigate against loss pending the time you will be reimbursed by the insurance company or you have a standing overdraft facility that can be of help when emergency occurs

I started from the scratch and I have something I use for trade though not much like the big boys. I can skip this part of having a back up fund and go raise money and trade but I felt it's proper I do because I have a wider view for it in the future and I believe it's a question of time I will be the one to shy away for more funds. I enjoy all this scrutiny though...

emmanuelewumi:



Slow and steady wins the race, don't invest in what you don't understand, no matter how tempting avoid gambling, betting, High Yield Investment Schemes and Ponzi schemes.

Invest regularly and consistently, try and be liquid and invest for both cash flow and capital appreciation.

Don't live within your means but live below your means.

Make friends with people who share these aspirations with you, that is the only way to go far and grow fast

This is how we do here. ��

emmanuelewumi:


It will be better to get back to your circle of influence and your bank
Wish you the very best.

Thanks I appreciate...

sellers4buyers:


I have some of this info. But I want to clear the air, my major post is not to seek for funds to trade. It's a backup fund I need. But if you want to deal with me, I have a way I do my biz, I will share with you through any electronic means of your choice, if you are okay with it, then we can deal.

After 4 years, how come your bank cannot provide this backup fund for you?.

The young man must have learnt one or two things which he can incorporate into his business, that is if he really has a profitable business

ahiboilandgas:
uba of all banks called me that i quality for 4m naira customer loan without visting the bank ...payments is 164 k over 36 months

Abeg, collect am make we go Quilox go rock.

NL1960:


Abeg, collect am make we go Quilox go rock.

You don't get a loan for the fun of getting. You can get a loan to prove your creditworthiness. I have gotten loans payable within 12 months which I paid back in 8 months. By doing you are building your creditworthiness and relationship with your bank

NL1960:


I was trying to benchmark it with Stanbic MMF that does 100% fixed income. I noticed that Stanbic MMF does not have a guaranteed rate like VGIF.

Benchmarking with any class of Stanbic IBTC Asset Management product should be with with its peer SGIF not MMF. SGIF is the equivalent in StanbicIBTC not MMF.

Most of this young enterpreneurs who got funds from the public and failed to deliver is because people did not ask the right questions.

You are running a business valued at N5 million, you truly needed N2 million to expand the business with ability to pay back in 12 months.

You came online to seek funds from inexperienced Investors and people who wanted fast returns. At the end of the you ended up getting N50 million instead of N2 million.

There is no way the promoter of the business will not under perform, when you handle money you never expected you are bound to misbehave and underperform. That is one of the problems being encountered by some digital agriculture promoters.

Agric business promoters who needed N20 million ended up getting N400 million and we don't have the discipline of returning excess money to Investors. The easiest way to buy time is to turn the agricultural venture to a Ponzi scheme

NL1960:


After 4 years, how come your bank cannot provide this backup fund for you?.

I have contacted them, am asked to come back on Friday but I am very proactive in issues like this especially when I don't have control over the outcome.

emmanuelewumi:
The young man must have learnt one or two things which he can incorporate into his business, that is if he really has a profitable business

I have definitely. I have even tried to see if I could get your contact but I couldn't yet. I will appreciate if I can get your contact not for anything but scrutiny.

sellers4buyers:


I have definitely. I have even tried to see if I could get your contact but I couldn't yet. I will appreciate if I can get your contact not for anything but scrutiny.

You can always ask your questions on Nairaland or quote me on a dead thread.

rice farm version 2.0 loading

If you know... You know

emmanuelewumi:



You can always ask your questions on Nairaland or quote me on a dead thread.

You can meet investment firms for any inquiries. Most of them should have advisory services, and FYI its not expensive and any worthy business is worth the time and effort. They also provide means to monitor and assist but you must prove yourself first and make sure all your ducks are lined up in a row to get full benefit from such opportunities.

sellers4buyers:


I have definitely. I have even tried to see if I could get your contact but I couldn't yet. I will appreciate if I can get your contact not for anything but scrutiny.

You can meet investment firms for any inquiries. Most of them should have advisory services, and FYI its not expensive and any worthy business is worth the time and effort. They also provide means to monitor and assist but you must prove yourself first and make sure all your ducks are lined up in a row to get full benefit from such opportunities.

Mspwety1:

Pls. we did not call anyone out here......

At what interest rate?

ahiboilandgas:
uba of all banks called me that i quality for 4m naira customer loan without visting the bank ...payments is 164 k over 36 months

Mspwety1:

You can meet investment firms for any inquiries. Most of them should have advisory services, and FYI its not expensive and any worthy business is worth the time and effort. They also provide means to monitor and assist but you must prove yourself first and make sure all your ducks are lined up in a row to get full benefit from such opportunities.

Thanks ma, sure I will work on this...

emmanuelewumi:



You don't get a loan for the fun of getting. You can get a loan to prove your creditworthiness. I have gotten loans payable within 12 months which I paid back in 8 months. By doing you are building your creditworthiness and relationship with your bank

I was just joking with Oga Ahib.

Iam actually thinking of getting a 6-month consumer loan for rent payment before the year runs out in order to start building my creditworthiness even though i normally save the yearly rent on a monthly basis which means when the rent is due, i have the cash to pay.

NL1960:


Abeg, collect am make we go Quilox go rock.

Quilox ke ?when no ge business email comprise business i dey do....na 20k i dey take enter no atms no girls ....i found out majority of cleints are not in my grouppings ....na boat clubs and civic centre membership i they hope to get now ...to role with business people of like minds

NL1960:


I was just joking with Oga Ahib.

Iam actually thinking of getting a 6-month consumer loan for rent payment before the year runs out in order to start building my creditworthiness even though i normally save the yearly rent on a monthly basis which means when the rent is due, i have the cash to pay.

Loan to pay for a recurring expenses like house rent, school fees is a no no.

seyisanya:
They have about the lowest BUY/SELL commission in the industry; and brilliant customer service. What else is one looking for?

Kudos to them. The speed with which they respond to my mails ehn, on would think I have plenty millions with them.

freeman67:


Benchmarking with any class of Stanbic IBTC Asset Management product should be with with its peer SGIF not MMF. SGIF is the equivalent in StanbicIBTC not MMF.

I guess the SGIF is "Stanbic IBTC Guaranteed Investment Fund". There is still a difference because it does not have a guaranteed rate unlike VGIF that has a guaranteed rate of SDF.

Benzboys:
Betting too is a business,more like buying stocks.
So if you can advise people to buy shares they have no control of its pricing and trend,I see no reason why you should have a problem with him investing in "sure odds".
What's the difference?dividends?

How

Can you get a loan with your Baba ijebu tickets. All the loans I have gotten from the banks, I used my stockholdings as collateral.

With your 2 million units of MTN shares your bank can grant you a loan of over N100 million.

emmanuelewumi:


Loan to pay for a recurring expenses like house rent, school fees is a no no.

It is still under consideration. It might be just once just to have a record of credit and trust with them in case of the future business needs.

NL1960:


I was trying to benchmark it with Stanbic MMF that does 100% fixed income. I noticed that Stanbic MMF does not have a guaranteed rate like VGIF.

Stanbic has its own Guaranteed income fund

SMJay:
Run from carbon it own by Pascal son the daimond bank excutive. He does not have experience at managing businesses.

Thanks. However, it is not owned by Uzoma ( former CEO of diamond bank). His brothers, chijioke and Ngozi Dozie are the founders.