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Cooperation And Organizations That Offer Loans

Discussion in 'Finance' started by Celestina Angel Serome, Jul 16, 2019.

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  1. Celestina Angel Serome

    Celestina Angel Serome Administrator Staff Member

    Everyone wants to make something out of their lives or probably be a business man or woman in other to earn a living, but they feel that there are some obstacles to them achieving their aims. Some cooperation's and organizations have made it possible for people to become business owners and at the same time eradicating unemployment rate. These organizations offer loans to people to start up a business.

    One can start up a business or rejuvenate his business through the help of these organizations. Another thing is that some of these organizations partner with other public and private sector institutions. Here are some organizations that offer loans:

    Growing business foundation
    Growing business foundation was established in 1999 and has positioned itself as one of the leading platforms in Nigeria providing capacity building access to finance to people at the bottom of the economic pyramid.

    Global Trust
    This is an Abuja membership based organization founded in 2013, registered with Federal Capital Territory Administration and established to enable members access soft loans, encourage savings, enhance business enterprise and networking.

    Noble Funding
    provides a range of lending options for small businesses. It offers high-interest, short-term loans and also works with various other lenders to pair small businesses with the right funding. While it functions as a loan coordinator, Noble also providesfunding through its own programs.

    Kabbage
    Kabbage offers small businesses lines of credit up to $250,000. Each time you draw against your line of credit, you have six or 12 months to pay that money off. Instead of paying interest, however, you pay fees of 1 to 10 percent each month. To apply, you fill out an online application and link the system to either your business checking account or an online service you already use, such as QuickBooks. Kabbage's platform automatically reviews the data on those sites to determine if you meet the company's standards for a loan. The process typically takes just minutes to complete. Once approved, you have instant access to your line of credit.

    SBG funding
    SBG Funding provides small businesses with various loans, including lines of credit and traditional small business loans. Based on the company's requirements and qualifications, its offering is ideal for startups. To get funding from SBG, businesses need to be established for six months, earn $150,000 in revenue per year and have a credit score of 550 or more. These qualifications, along with both short- and long-term rates, make SBG Funding an ideal option for startups and growing businesses.


    I would say that raising funds to start up a business isn't a barrier anymore for people, because various means of taking loans have been made available by different organizations and the listed organizations upward are perfect examples, so go make your dream a reality!
     
  2. Hermesso

    Hermesso New Member

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