What To Do To Your Small Business To Position It For A Loan Or A Grant In 2024
Nov 29, 2023 7:18 am
What To Do To Your Small Business To Position It For A Loan Or A Grant In 2024
Dear ,
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We can see from the recent trend that there will be a lot of loan and grant opportunities in the entrepreneurship ecosystem in Nigeria between in 2024. It is important that Small business Owners are positioned for these opportunities to take their business to the next level by accessing finances to scale their operations business.
Positioning your business for a loan or a grant in 2024 requires careful planning and preparation. Lenders and grant providers typically look for businesses with a strong foundation, a clear plan for growth, and the ability to repay or effectively utilize the funds.
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Here are some steps you can take to enhance your business's eligibility for financial support:
1. Registered Business name
2. Be clear about your Business Sector
3. Register your business with CAC (Corporate Affairs Commission) and get your CAC Number
4. Register for TIN (Tax Identification Number)
5. Open a Business Account and pass all your transactions through it
6. Write a comprehensive business plan for your business and state how much you want to raise
7. Create a pitch deck for your business using a PowerPoint presentation
8. Have a recognized means of identification e.g Drivers license, international passport, voters card, National ID Card, etc.
9. Have a website for the business
10. Business Logo
11. Social Medial Account for your business that is fully updated with your business information
12. Business Address
13. Your story
14. Number of Employee including male and female
15. Annual Financial turnover in the last 12 months and other financial Records
16. Management team Profile
17. BVN
18. NIN Number
19. Loan Purpose: State in detail your intended use of the loan or grant if granted
You can get any of our over 150 business plan templates to start working on your business plan. Click the link here https://selar.co/m/DayoHub
or check our shop here https://dayoadetiloye.com/shop/
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In 2023
"Build your vision. Start implementing your plans”
, I would like to hear from you!
Till I hear from you .
Keep succeeding!
For: Dayo Adetiloye Business Hub
Dayo Adetiloye (B.Agric, MBA)-
AUTHOR - CONSULTANT - SPEAKER - ENTREPRENEUR - BUSINESS ANGEL
Helping men to discover, develop, and fulfil their business potential.
…Raising 100 Young Millionaire Entrepreneurs in Five Years… since July 2012
08105636015, 08076359735
