Funding Facilitation
Achieving your business funding potential just got easier. While short-term loans at high interest rates may be common however, securing long-term loans spanning 5 to 10 years at a low cost or getting permanent funding (from equity or grants) is challenging.
That is where we step in by facilitating long term and low cost funding using an easy process.
The Funding Facilitation Process and Fees
Find out if your business can meet the funding requirements
Find out first if you can meet the funding requirements before you start the process.
By assessing eligibility upfront, we can tailor our funding facilitation approach, choose the right fund providers and focus on opportunities that fit your business profile. This ensures a smoother capital raising process and maximizes your chances of success.
However, if you do not currently have the funding document requirements we have a formidable team that includes all the 3rd party professionals (Accountants, Auditors, Valuers, Lawyers, Architects and others) that can prepare this documents for you.
This means that we will arrange and co-ordinate all the service professionals required so that you only deal with one company (us) for the funding document preparation. This saves you the time and efforts spent on getting the documents and allows you to concentrate on your core business activities.
1.Bank of Industry (BOI) Loan Requirements
2. Commercial banks and other lenders
Same as BOI requirements above.
3.International Development Finance Institutions (DFIs) Loans
International DFIs Requirements
Tips
You should have a cash or in kind equity contribution of 20% or more of the loan.
There might be collateral requirements.
4. Equity – VCs, Angels and Institutional investors Requirements
Tips
There is no collateral requirement for equity funding.
5. Grant Providers
Register and book for an appointment with us
- Fill the questionnaire below so we can know more about your business.
https://forms.gle/jpgGawKLvADJdbwz7
2. We will review the questionnaire and if it meets the requirements you will need to register with us at a cost of N50,000 and the fee also covers an online consultation session to discuss the issues related to the funding request.
Funding Facilitation Process & Fees
1. If your business model and other criteria are estimated to be viable, a proposal containing terms and conditions, engagement and success fees will be sent to you. You can read the fee estimates below.
2.Once you accept the proposal, a service agreement will be mutually signed by your company and ours.
3. We will then start the funding facilitation process.
Our firm will play the following role during the processing of your funding application:
Project Proposal
We will work with your team to review the project and prepare the appropriate Investment information to ensure a clear understanding of the project by fund providers.
Documentation Requirement:
We will comprehensively review all the documents to be submitted to fund providers to ensure that they are in the form and manner acceptable to the Bank. A Checklist of documents required by fund providers will be submitted to you for your guidance.
Follow – up Activities:
Our Firm will actively engage fund providers throughout the period of processing of funding request up to the time of approval of the facility and its subsequent drawdown or payment.
If you prefer we can also continue working with you after the loan is disbursed to you to ensure you can repay the loan.
Fees
Please contact us via whatsapp +2348158300437
Frequently Asked Questions (FAQ)
There are many business sectors with the oil sector and non- oil sector being the largest broad categories in Nigeria. The non-oil sector is further divided into manufacturing, agriculture and services categories.
We can facilitate funding for all the business sectors except those in firearms, alcohol, prohibited drugs, betting, gambling and illegal activities.
We facilitate funding of N50m and above.
We can facilitate funding in Naira, US Dollar and Pounds sterling. However, we strongly advise that businesses should only seek foreign currency denominated funding if their sales or revenue is also earned in that foreign currency.
There are many ways to fund your business with the 3 main types being loans, equity and grants.
Debt financing involves the borrowing of money and paying it back with interest. The most common form of debt financing is a loan. The lender has no ownership control over the borrower’s business. Once the borrower pays the loan back, the relationship with the financier ends.
Equity financing involves selling a portion of a company’s equity in return for capital. With equity financing is that there is no legal obligation to repay the money acquired unless the business makes a profit.
However, equity holders have ownership control over the business. You will have to share profits and consult with them on company decisions. The only way to remove equity investors is to buy them out.
A grant is an award, usually financial, given by one entity (typically a company, foundation, or government) to an individual or a company to facilitate a goal or incentivize performance. Business grants are essentially money gifts that do not have to be paid back.
