Loans and Grants
by AfoakuGroupLLC, Window Shopper
- Created: June 29, 2012, 12:42 am
- Updated: November 5, 2013, 10:44 am
The key to the development of small business enterprises is the availability of information and sources of loans and grants for the business owner.The efforts of SBAs to create venture capital for small business is compounded with complex regulations that makes accessibility to loans and grants difficult. The Banks and lending institutions does not help matters as their requirements for starters are impossible to meet. How can you be required to have two years Business Account Statement for a company just registered. Even if you were able to register the business with your savings,how do you raise funds to start export of equipment and machines. Grants also are not easy to come by. Search engines in the internet has explosive information at times not specific to the needs of the businessman.How can this system be simplified to attract participation by new comers to small business which is the engine of growth and development of our economy. Akuzu Nwokedi
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