Question

discuss the various sources of fund for businesses in nigeria

Answer 1

Answer:

Banks are major sources of business funds. Short term lasts about 3 years while medium term lasts between 5 to 10 years, but this condition varies from bank to bank. And First Bank can lend up N500,000 if the applicant has operated a current account for over 6months and it is done on a corporate basis.

Explanation:

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Answer 2

Answer:

ғɪɴᴀɴᴄɪɴɢ ᴇɴᴛʀᴇᴘʀᴇɴᴇᴜʀɪᴀʟ ʙᴜꜱɪɴᴇꜱꜱ. ꜱᴏᴜʀᴄᴇꜱ ᴏғ ғɪɴᴀɴᴄɪɴɢ ғᴏʀ ꜱᴍᴀʟʟ ʙᴜꜱɪɴᴇꜱꜱ ᴏʀ ꜱᴛᴀʀᴛᴜᴘ ᴄᴀɴ ʙᴇ ᴅɪᴠɪᴅᴇᴅ ɪɴᴛᴏ ᴛᴡᴏ ᴘᴀʀᴛꜱ: ᴇϙᴜɪᴛʏ ғɪɴᴀɴᴄɪɴɢ ᴀɴᴅ ᴅᴇʙᴛ ғɪɴᴀɴᴄɪɴɢ. ꜱᴏᴍᴇ ᴄᴏᴍᴍᴏɴ ꜱᴏᴜʀᴄᴇ ᴏғ ғɪɴᴀɴᴄɪɴɢ ʙᴜꜱɪɴᴇꜱꜱ ɪꜱ ᴘᴇʀꜱᴏɴᴀʟ ɪɴᴠᴇꜱᴛᴍᴇɴᴛ, ʙᴜꜱɪɴᴇꜱꜱ ᴀɴɢᴇʟꜱ, ᴀꜱꜱɪꜱᴛᴀɴᴛ ᴏғ ɢᴏᴠᴇʀɴᴍᴇɴᴛ, ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ʙᴀɴᴋ ʟᴏᴀɴꜱ, ғɪɴᴀɴᴄɪᴀʟ ʙᴏᴏᴛꜱᴛʀᴀᴘᴘɪɴɢ, ʙᴜʏᴏᴜᴛꜱ.