Accessing Business Finance Seminar

Overview of the ‘Accessing Business Finance’ Seminar

The Problem

Many companies especially micro, small and medium sized enterprises (MSMEs) face a number of special challenges in their quest for survival and growth in Nigeria. Their biggest constraints to growth are a lack of access to finance, poor infrastructure and difficulty in getting machines/spare parts/raw materials and skills and training. Access to credit does however consistently tops the list.

Surprisingly, as at December 2016 total bank credit to the private sector was almost N22 trillion which was an increase over the N18.7 trillion credit issued at the same time in 2015.This means many companies were able to get more bank credit even with the tight credit squeeze arising from the TSA policy and reduced government spending in 2016. However, even the large companies that find it easier to get bank financing complain about the short duration of such credit (usually less than one year), high interest rate charged and the collateral requirements which are often difficult to meet.

Equity or share capital is a cheaper type of finance and Nigeria and South Africa are the preferred destinations for fundraising and investment for private equity in Africa. From 2007 to 2015, 311 private equity deals were reported in West Africa, with a total of US$6.1billion capital invested. Notably, Nigeria accounted for 67% of deal value (US$4,087,000,000) and for 140 deals in this period

Unlike other parts of the continent the private equity investor appetite for Nigerian investments continues to grow, particularly across the services, industrial, consumer goods and real estate sectors. There is also an emerging trend of secondary investments, particularly in the financial services sector. In the last decade, the private equity sector in Nigeria has grown from about three main players with about US$75 million under management, to ten or more indigenous players with about US$2 billion under management, 15 international funds and about 30 new funds under formation.

It is good business sense to get financing that suits the business purpose at a cost that the business can easily afford with significantly reduced or even no collateral requirements.

  • Do you want to know where to get cheaper sources of long term funding with reduced or even no (zero) collateral required?
  • Do you want to meet such fund providers one on one, get their requirements and commence your funding application?

If you answered yes to any of the questions above then you really need to attend the Accessing Business Finance Seminar.

The ‘Accessing Business Finance’ Seminar Objectives

On Thursday 16th November 2017, we will reveal the secrets of accessing business finance including loans and private equity and also present fund providers who have funds and are willing to lend and invest in the right business.

Specifically the seminar participant will achieve the following objectives:

Learn:
• The best type of finance that fits the funding purpose
• The secrets of getting business finance
• The type of documentation required by fund providers
• How to get the documentation required

Meet:
• Private equity providers including venture capital firms, Development Banks and Business support providers

Target Audience

This seminar is for decision makers of SMEs and large companies who are seeking funding for expansion or diversification in the services, heavy or light manufacturing or all products and value added agricultural products and service sectors. If you want to be sure your business size meets the seminar target audience criteria confirm from our blog post by clicking here.

Seminar Fee: N10,000 per participant until 1st November 2017 then N30,000 thereafter
Date: Thursday 16th November 2017
Time: 9am to 3pm
Venue: LCCI Conference and Exhibition Centre, 10 Bola Amed Tinubu Way, near MKO Gardens, Alausa, Ikeja, Lagos

Course materials and lunch will be available at the seminar.

Pay to:
Bank: FCMB Plc
Account name: Highnet Online Sales
Account number: 333 640 2028

Seminar Registration Form