What SMEs must do before applying for a business loan - Vanguard News

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What SMEs must do before applying for a business loan vanguardngr.com vanguardnews

must nurture the idea of growth. While the sources of capital still remain largely the same – as they were in the last 2 decades, certain factors must be considered by entrepreneurs looking to raise capital through loans. Jumia, Nigeria’s number one shopping destination shares a few of the important considerations.No doubt, as an entrepreneur, you have a business plan that serves as a compass for your business.

There are a whole lot of options for loans today. You have the banks, online loan lending platforms and companies offering loans to entrepreneurs. A good example of the latter is Jumia Lending where vendors selling on the platform are granted easy working capital with no collateral.

 

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