No. 5 OFUMWENGBE STREET.OFF NEW LAGOS ROAD NEW BENIN,BENIN CITY EDO NIGERIA Block 45 CK PLAZA 2rd Floor
FUC CREDIT LTD
No. 5 OFUMWENGBE STREET.OFF NEW LAGOS ROAD NEW BENIN,BENIN CITY EDO NIGERIA Block 45 CK PLAZA 2rd Floor
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There’s no guaranteed way to get capital, but the process generally follows a standard order of basic steps.
Share your business plan
The investor will review your business plan to make sure it meets their investing criteria. Most investment funds concentrate on an industry, geographic area, or stage of business development.
If they want to invest, the next step is to agree on a term sheet that describes the terms and conditions for the fund to make an investment.
If you want to retain complete control of your business, but don’t have enough funds to start, consider a small business loan.
Once you agree on a term sheet, you can get the investment! Once a venture fund has invested, it becomes actively involved in the company.
Venture funds normally come in “rounds.” As the company meets milestones, further rounds of financing are made available, with adjustments in price as the company executes its plan.
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Work out the terms
Facility range: N30,000 (minimum) to N150,000 (maximum) Methodology: Individual lending but group liability Duration: 8 months Grace period: 2 weeks Repayment frequency: Weekly Clients must belong to a union
Benefits:
No collateral Access to funds for business expansion Access to other business loan products to strengthen client’s enterprise, e.g. Mid-term and Asset loan Flexible repayment structure Training on basic financial management, business planning and customer relations Low interest rate Expert financial advice available
Duly completed application form
2 guarantors
2 recent passport-size photographs
Current electricity bill
valid means of ID (national ID, driver's license, voter's card or international passport)
Facility range: N50,000 (minimum) to N250,000 (maximum) Methodology: Group Duration: 6 months Grace period: 1 month
Benefits:
No collateral Access to a higher loan to fund your business enterprises Training on basic financial management, business planning and Customer relations Flexible repayment structure Low interest rate Expert Financial advice available
Duly completed application form
2 guarantors
2 recent passport-size photographs
Current electricity bill
valid means of ID (national ID, driver's license, voter's card or international passport)
Facility range: N50,000 (minimum) to N500,000 (maximum) Methodology: Individual Duration: 1-12 months Grace period: 1 month Repayment frequency: Weekly
Benefits:
No collateral Access to funds for business expansion Access to other business loan products to strengthen client’s enterprise, e.g. Mid-term and Asset loan Flexible repayment structure Training on basic financial management, business planning and customer relations Low interest rate Expert financial advice available
Duly completed application form
2 guarantors
2 recent passport-size photographs
Current electricity bill
valid means of ID (national ID, driver's license, voter's card or international passport)
