Liaising with a bank to start a business.

[King Belieal]

There are some businesses that are managed by banks. Such businesses are funded by banks at startup. The bank manages the business for the entrepreneur and uses it's influence too to secure sales so that the business would do well.

That is how my aunt started with her wholesale grocery business and the bank ran it for five years to recover their investment and left the business for her.

How easy is it to liaise with a bank to start a business?

 

[Fidelia]

I just know that it would take too many processes for this arrangement to work out. And it might need some level of connection too in the bank.

 

[Augusta]

I have never heard about this but if the banks do then it is a good one. it would help one have a leeway for a business idea

 

[eLdavis]

Knowing Nigeria, it's definitely going to be stressful as they would require a lots of documentation and go through a lot of process before they can decide to help you.

 

[Xtynehappy]

For me, l am not capable in collaborating with a Bank to start any business.

 

[King Belieal]

Banks are looking for solid businesses to invest in and if you can come up with a good idea, banks can partner to finance the idea.

 

[Min George]

Banks have to clearly see that they would benefit even more than the person that has the idea to fund a business as partnership.