How to Get a Small Business Loan When Self-Employed

Getting a small business loan as a self-employed individual presents unique challenges. Traditional lenders often view self-employed borrowers as higher risk due to income variability. However, with proper preparation and documentation, securing funding is absolutely achievable. This comprehensive guide reveals proven strategies for self-employed loan approval. You’ll learn about documentation requirements, lender options, and application … Read more

What is a Short-Term Business Loan and How Does It Work?

short-term business loan is a type of financing designed to meet immediate or emergency capital needs of a business. Short-term business loans provide quick access to capital for immediate needs. They bridge cash flow gaps and fund time-sensitive opportunities. These loans typically have repayment terms under one year. They offer faster approval and funding than … Read more

What Are Small Business Loans and How Do They Work?

What Are Small Business Loans and How Do They Work? Are financing options provided by banks, credit unions, online lenders, or government agencies to help entrepreneurs start, operate, or grow their businesses. Small business loans provide essential funding for entrepreneurs and established companies. They fuel growth, cover expenses, and support business operations. Understanding how these … Read more

When Are Personal Loans a Good Idea?

Personal loans are a good idea when you need quick access to funds for essential or strategic purposes and have a reliable plan to repay the loan. Personal loans can be powerful financial tools when used correctly. They offer flexibility that other types of credit cannot match. However, personal loans aren’t always the right solution. … Read more

How To Apply For An OPay Loan

In the world of digital finance, mobile payment apps like OPay have revolutionized how individuals access financial services. With features like mobile wallets, money transfers, and loan services, OPay offers its users a seamless experience. One of the standout features of OPay is its loan service, which provides users with quick and easy access to … Read more

Nigeria becomes 3rd-largest debtor to World Bank’s IDA under Tinubu Govt

The World Bank’s Financial Statement has revealed the position of Nigeria among the loan collectors of the institution. It’s quit unfortunate that Nigeria has ascended to the 3rd position with $2.2 billion increase on the list of largest debtors to the World Bank’s International Development Association (IDA) as of June 30, 2024. Meanwhile, it’s important to … Read more