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Business Loans

Business Loans

Get smart tips on business loans in Nigeria to help you make informed decisions. Learn about business loan comparison, application and repayment

Exploring Alternative Financing Options For Small Businesses cover

Exploring Alternative Financing Options For Small Businesses

Business Loans, General / April 22, 2024 / 6 mins read

Small businesses in Nigeria are presently facing the effect of an economic crunch but there are alternative financing options for small businesses that can be explored. There are many different types of financing available for small businesses, each with its own advantages and disadvantages. Before pursuing any alternative financing option, thoroughly research the terms, costs, …

Exploring Alternative Financing Options For Small Businesses

Top-10-Business-Loans-for-SMEs

Top 10 Business Loans for SMEs in Nigeria

Business Loans, Loans / April 22, 2024 / 8 mins read

Business loans are financial arrangements where a lender provides funds to a business entity, typically in the form of a lump sum, to meet various business-related needs. These loans are specifically designed to help businesses cover expenses, expand operations, manage cash flow, invest in equipment or inventory, hire employees, or finance other business activities. Business …

Top 10 Business Loans for SMEs in Nigeria

Can I get a Business Loan without Collateral in Nigeria?

Can I get a Business Loan without Collateral in Nigeria?

Business Loans, Loans / April 22, 2024 / 6 mins read

Getting a business loan without collateral in Nigeria can be challenging, as most lenders typically require collateral as security for the loan. A business loan is a type of loan that is designed to help businesses grow or expand. These loans can be used for a variety of purposes, such as purchasing equipment, hiring new …

Can I get a Business Loan without Collateral in Nigeria?

Cloud Interactive Review: What You Need to Know

Cloud Interactive Review: What You Need to Know

Business Loans, Reviews / April 22, 2024 / 6 mins read

Cloud Interactive Platforms (CIP) is a technology company that develops and provides cloud-based platforms for mobile operators, businesses, and fintech startups in Africa. CIP enables these organisations to launch and monetise mobile services and applications, and to connect with their customers in a more engaging and personalized way. The platform specializes in Digital Embedded Finance …

Cloud Interactive Review: What You Need to Know

New Product Announcement: Money in Minutes Loans cover

New Product Announcement: Money in Minutes Loans

Business Loans, General, Guides and Updates / April 22, 2024 / 3 mins read

In line with our commitment to providing you with valuable financial information, we are excited to introduce two new loan products on nairaCompare – Money in Minutes Business and WageX Remita Salary Advance. These loans are designed to empower businesses and salaried employees with quick and convenient access to funds, fostering financial growth and enabling …

New Product Announcement: Money in Minutes Loans

business to start with 500k in Nigeria

Five Businesses You Can Start with 500k and Loan Options

Business Loans, Loans / April 22, 2024 / 6 mins read

Are you looking to kickstart your entrepreneurial journey with a limited budget in Nigeria? In this blog post, we'll explore five lucrative business ideas to start with 500k in Nigeria. We'll also discuss loan options to fuel your entrepreneurial goals, helping you overcome financial constraints. Whether you're a budding entrepreneur or seeking to diversify your …

Five Businesses You Can Start with 500k and Loan Options

Your ultimate guide to finding the best business loans in Nigeria

Your Ultimate Guide to Finding the Best Business Loans in Nigeria: Top Lenders and Strategies

Business Loans / April 22, 2024 / 8 mins read

If you’re a business owner in Nigeria, you know that finding the right business loans can be a daunting task. With so many lenders and loan options available, it can be difficult to navigate the landscape and find the best solution for your specific needs. However, with the right knowledge and strategies, you can secure …

Your Ultimate Guide to Finding the Best Business Loans in Nigeria: Top Lenders and Strategies

Long or Short Term Business Loan: Which Is Right for Your Business? cover

Long or Short Term Business Loan: Which Is Right for Your Business?

Business Loans / April 22, 2024 / 6 mins read

As a business owner, one of the most significant decisions you will face is deciding whether a long term or a short term loan is right for your business. Both options have their pros and cons, and making the right choice can have a significant impact on the success of your business. A long-term loan …

Long or Short Term Business Loan: Which Is Right for Your Business?

10 Best Loan Apps in Nigeria With More Than 3 months repayment period

10 Best Loan Apps in Nigeria With More Than 3 months repayment period

Business Loans, Personal Loans / April 22, 2024 / 6 mins read

Looking for the 10 best loan apps in Nigeria with more than 3 months repayment period? Look no further as nairaCompare has curated a list for you.  In trying to access money in minutes, several factors determine the loan amount and interest rate.  One of them is the repayment period. Your repayment period or loan tenor …

10 Best Loan Apps in Nigeria With More Than 3 months repayment period

FAQs-About-Getting-A-Loan-In-Nigeria-Without-Collateral

Frequently Asked Questions (FAQs) About Getting A Loan In Nigeria Without Collateral

Business Loans / April 22, 2024 / 7 mins read

Getting a loan in Nigeria without collateral may not be as difficult as it seems. This is even more if the prospective borrower asks the right questions.  Loans obtained without collaterals are also referred to as unsecured loans.   What are non-collateral loans?  Non-collateral loans are unsecured types of loans that do not require the …

Frequently Asked Questions (FAQs) About Getting A Loan In Nigeria Without Collateral

How To Get A Loan In Nigeria Without Collateral

Business Loans, General, Guides and Updates / April 22, 2024 / 6 mins read

If you are looking for a huge loan amount, collateral-free loans may not be of much help. With collateral-free loans, also called unsecured loans, the loan amount is less but the interest rate would be high. Collateral-free loans serve best as short-term loans that you intend to repay at the earliest.  What is a Collateral?  …

How To Get A Loan In Nigeria Without Collateral

other options for your business loan

When banks say no, there are many other options for your business loan

Business Loans / April 22, 2024 / 3 mins read

It’s common for commercial banks to say NO, but that should not be a showstopper It is widely thought that commercial banks are the only source of financing for business loans. Whilst this may not be a bad thought for big corporations like Nestle and Dangote Cement, small business owners need to think differently. Seven, …

When banks say no, there are many other options for your business loan

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