A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB (884 Views)
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| A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB by JC2021: 10:11pm On Feb 14, 2022 |
I called my account officer today to ask if I can get a loan facility from the bank, what he said left me perplexed. He told me I need a minimum of 100million Naira Monthly Turnover to be eligible for a loan from GT Bank. I just need about 2 million to rescue and grow my business. This is a bank I have been using for more than a decade. It's quite unfortunate that banks are not helping SMEs to grow. How many SMEs do 100 million monthly turnover in Nigeria? What options do SMEs have to get loans for their businesses? Do all banks have the same insane requirement? I will appreciate any suggestion that can help me get a loan facility at a convenient interest rate. |
| Re: A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB by SocialJustice: 10:16pm On Feb 14, 2022 |
Shift your account to microfinance bank. Your current bank is for large businesses not small or medium. 1 Like |
| Re: A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB by anthony533(m): 10:31pm On Feb 14, 2022 |
SocialJustice:please can can you recommend any microfinance bank? |
| Re: A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB by sholatech(m): 10:43pm On Feb 14, 2022 |
Thats not common with other banks. If you need a loan based on turnoever in your account, go ask for Specta loans from Sterling Bank or Working Capital loan from Stanbic Bank. Access Bank as well have similar ones But you need to run the account for 3-6 months first. GTBank is not known for SME loans. 1 Like |
| Re: A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB by SocialJustice: 7:57am On Feb 15, 2022 |
anthony533:Send a mail and I will give you names. I don't want to get banned. |
| Re: A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB by JC2021: 12:33pm On Feb 15, 2022 |
SocialJustice: I will need the list too pls. Expect an email form me |
| Re: A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB by SocialJustice: 12:45pm On Feb 15, 2022 |
JC2021:Ok |
| Re: A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB by anthony533(m): 2:18pm On Feb 15, 2022 |
SocialJustice:enakpomuanthony22@gmail.com |
| Re: A Minimum Of 100 Million Naira Monthly Turnover To Be Eligible For A Loan In GTB by okeysoninv: 2:40pm On Feb 15, 2022 |
If you have Enterprise account, run to uba they charges 1% per a month. 1 Like |
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