Thursday, May 24, 2012

HOW AND WHERE TO RAISE FINANCE FOR YOUR SMALL TO MEDIUM SCALE BUSINESS IN NIGERIA.


From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.

SOFT COPY SUBSCRIPTION

Annual subscription x 12 issues

Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!

You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues

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For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
HOW AND WHERE TO RAISE FINANCE FOR YOUR SMALL TO MEDIUM SCALE BUSINESS IN NIGERIA.

Nowadays, securing project financing {loan} for a business involves the use of little known, unusual and carefully planned method and technique to raise, borrow or obtain funds.

Funding, whether organic and inorganic, is the single most important factor required for the continued growth and development of a business and at one stage or the other, an investor would be faced with the challenge of securing loan for his/her business.

It is important first that we define the concept of loan. Loan is the fund that an organization such as bank lends to a business for a business start-up or expansion.

To apply for a loan means you are using Other People’s Money {OPM} and to be successful with this method, the basic principle is that you operate on the highest ethical standard of integrity, trust, loyalty and consent. A dishonest man is not entitled to credit.

Banks are in business to loan money and the more money they loan to honest borrowers, the more profit they make. The best time to obtain a loan is when there is no much pressure for the need of the funds.

Some of the sources for loan include

1.         Commercial banks
2.         Credit Unions
3.         Co-operative society
4.         Mortgage banks
5.         Insurance companies
6.         Pension funds
7.         Venture capitalist
8.         Private lenders
9.         Government grants 

Below are the different types of loans available 

1.         Signature loan
2.         Consigners loan
3.         Loan of collateral security
4.         Co-operative loan

Signature Loan: This is a loan you get based on signing a promissory note to repay the lender as at when due. You do not need to give collateral to get a signature loan.

Cosigner Loan: You can also use a cosigner to secure a loan. A cosigner is a living collateral with the lender.  It is usually an agreement between the lender and the consignee to provide collateral for the purpose of securing a loan. To get a cosigner, the lender needs to convince the cosigner that you are a good credit risk and the cosigner may demand a certain percent of the profit.

Loan of Collateral Security: A collateral loan is one in which the borrower puts down an asset that would stand as the security for the loan he/she is applying for. The types of collateral loan available includes 

1.         Paper Collateral [ which includes stocks, bonds, certificate of deposits, any contract with guarantee of payment and promissory notes]
2.         Fixed deposits in banks
3.         A fixed asset such as real estate and machinery
4.         Rented Collateral
5.         Personal property like boat, cars, airplanes, jewels etc.

Co-operative Loan: As the name implies, this is a loan gotten from co-operative society. You need to be a member before you can access loan facilities from co-operative bodies and they are usually given without collateral.

If you desire to raise money by borrowing, you must know how to prepare a winning package to borrow from any lender. If you want to borrow your way to riches, you must study the technique of successful borrowing of fund for investment. You must know how to prepare a winning package.

A package is simply a collection of documents providing important details about a proposal loan. The content of the package depends on whether the borrower is seeking for funds for expansion of an existing business or for start-up.

If the borrower is borrowing to expand an already existing business, below would be the content of the package

1.         A loan application letter stating how much you and the purpose of seeking for the fund
2.         A profit and loss statement account of the business for the past three {3} years
3.         An appraisal of your business / property
4.         Description of the assets of the company
5.         Insurance on the assets/ property if any
6.         Deed, title and mortgage information if any

If however the borrower is seeking for funds in order to establish a new business, a sound business plan would be needed and below are some of the contents of a sound business plan

1.         Executive summary
2.         Market analysis of the project
3.         Financial analysis of the project
4.         SWOT analysis of the project
5.         Risk and mitigation strategies of the project
6.         Socio- economic analysis of the project

Loan packages must be well prepared, detailed and not cumbersome to understand. A winning package does not need to be bulky. It should not be more than ten {10} pages in your first loan request to the lender. Short packages are usually a winning package.
Do you know you can access to over 50 market intelligence reports and our monthly E- Magazine for 12 months for just N 5,000?
Click on the link below to know more about this offer.

At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for beginners and on-going businesses in different sectors of the Nigerian economy.

Our reports are designed to assist start-ups to know the contact details of financiers and how to package a loan application. 

You can order our detailed report on where and how to get loan from financiers in Nigeria by clicking on the link below.

Report Code: FORA/01/06/2012

Do you require one- on- one consultancy on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com
 
Office Address: 

61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.

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HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA

Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.

The training cuts across different segment of the economy to include Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism and Transportation and are facilitated by seasoned professionals in their respective fields.

Please do visit the link below to access available training programmes
Foraminifera Market Research is a dynamic market intelligence company providing comprehensive market research solutions and strategic intelligence services to start-ups and existing businesses in Nigeria.

We prepare business plan, feasibility study and market report for the small and medium scale industries and develop the entrepreneurial capacity of our client with the aim of providing the much needed business data in Nigeria.

In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites

www.nigeriaoilandgasportal.com { The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com { Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}

SAWDUST BRIQUETTE EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES.


From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.

SOFT COPY SUBSCRIPTION

Annual subscription x 12 issues

Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!

You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues

Subscribe Now!

For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
One major achievement of the present civilian administration in the past twelve (12) years has been the revival and growth of the non-oil export market in Nigeria. Non-oil export has recorded a tremendous increase of 112.4 % in nine years spanning 2001 to 2010 with annual average growth figure of 10.34 %.

Hardwood charcoal is one of the key export commodities in Nigeria. Though a viable export commodity but the rate at which new entrant are coming into the business is increasing depleting the rate of return on investment of the business hence the need to diversify to a product with less competition and good rate of return on investment.

Sawdust briquette is compressed sawdust and just like hardwood charcoal is used as fuel. It has a greater advantage over charcoal and firewood because it is smokeless and combusts for longer hours. The export market for sawdust is also large, sustainable and expanding.

A briquette (or briquette) is a block of flammable matter used as fuel to start and maintain a fire.  They are produced from dry sawdust and the resulting compressed dust comes out in a solid and cylindrical shape. It can also be in different shapes. The conversation is done through the briquetting machine and the briquette does not require any binding agent or chemical adhesive.

They are used as cooking fuel in hotels, boarding school/hostels, eateries and factories where boilers are been used.

The product is marketed according to the grading briefly as follows:-

Grade "A"- void of cracks, hard with metallic sound when rolled and lengthy (not more than 4 pcs in a length of 390mm).
Grade "B"- with minimum cracks, hard and not less than 75mm in length.
Grade "C"- as "B" except the length is not less than 50mm in length.

During the era of late Gen. Sanni Abacha, sawdust ranked amongst the leading cooking fuel in Nigeria, due to the scarcity of kerosene. Sawdust, the chief raw material in the production of sawdust briquette, is produced as waste product in the processing and production of woods.

The market for sawdust briquette is both local and international though the international market is more developed than the local market.

The growing world population continues to fuel the demand for cooking fuel around the world and due to increasing awareness on global warming and its effects on the ecosystem, sawdust briquette is cheaper, faster and better than the regular firewood, natural gas, charcoal and kerosene. Opportunities exist in the production, sales and export of the product.

The exportable nature of this product makes it a goldmine for investors who wish to go into the export of the product or for existing exporters of charcoal to make greater profit as the demand is hot abroad.
The return on investment in the export of sawdust briquette is between 25% - 35%.

To continue reading this article and other investment opportunities in Nigeria, please do click on the link below


SAWDUST BRIQUETTE EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES.




Do you know you can access to over 50 market intelligence reports and our monthly E- Magazine for 12 months for just N 5,000?

Click on the link below to know more about this offer.

Can you supply sawdust briquette from Nigeria and you are seeking for export contract? Then use our business process outsourcing service. Contact us with the details given below with the subject line as SAWDUST BRIQUETTE EXPORT IN NIGERIA: SAWDUST BRIQUETTE EXPORT CONTRACT.

At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for beginners and exporters already in the commodity export market.
Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies. 

You can order our detailed feasibility report on the export of sawdust briquette in Nigeria by clicking on the link below.

Report Code: FORA/07/2012/05

Do you require one- on- one training on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

Office Address: 

61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.

Like and Follow us on 


HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA

Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.

The training cuts across different segment of the economy to include Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism and Transportation and are facilitated by seasoned professionals in their respective fields.

Please do visit the link below to access available training programmes
Foraminifera Market Research is a dynamic market intelligence company providing comprehensive market research solutions and strategic intelligence services to start-ups and existing businesses in Nigeria.

We prepare business plan, feasibility study and market report for the small and medium scale industries and develop the entrepreneurial capacity of our client with the aim of providing the much needed business data in Nigeria.

In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites

www.nigeriaoilandgasportal.com { The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com { Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}

PALM KERNEL SHELL EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES

From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.

SOFT COPY SUBSCRIPTION

Annual subscription x 12 issues

Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!

You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues

Subscribe Now!

For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
The palm oil plant { Elais Guinensis}, considering its three different varieties Dura, Peripheral and Tenera, produces an edible fruit similar to an apricot which has inside a nut. During the crude palm oil process that fruit's flesh is melted through a steaming treatment. 

The residual nuts are further mechanically crashed shells are called palm kernel shell {PKS}, a virgin biomass with high calorific value {NCVAR typical abt 3,800 kcal/kg- ASTM D5865-02}.

Palm kernel shells has a very low ash and sulphur contents

Ash content {typical abt 3% weight - ASTM D 3174-02}
Sulphur content {typical abt 0.09% weight - ASTM D4239-02}

In the international trading of palm kernel shell {PKS}, the specification is listed below
Moisture: 1.7% max
Impurity: 2% max
Fiber: 5% max
Hard Shell: 90% minimum

Palm kernel shells can be considered like a natural pellet and an high grade solid renewable fuel for burning, as received both in co firing with steam coal or burned at biomass power plants, usually blended with other grades of biomass, like wood chips.

Palm kernel shell was partially a waste in 90's and early 2000 considering more that 350,000 tons were available for sale but due to technological development, palm kernel shell are in high demand in the international market where they are used as fuel, road construction and other uses.

Though having a large export, trading of palm kernel shell locally in Nigeria does not have much prospect due to the fact that there is no company using biomass for power generation in Nigeria. Even at the international market, export of palm kernel shell can proof to unprofitable especially for exporters that are not close to ports.

The present Free on Board {FOB} price of palm kernel shell is between $50-$100 as at the time of writing this report and due to the high cost of transportation of the products to the port, since the bulk of the product would be gotten from plantation that are situated in hinterland, the export of the commodity might not be profitable.

At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for beginners and exporters already in the commodity export market.
Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies. 

We offer a full value service by providing detailed feasibility report, export contract sourcing, product/ commodity sourcing, haulage, warehousing and export.

To continue reading this article and other investment opportunities in Nigeria, please do click on the link below

PALM KERNEL SHELL EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES.


Do you know you can access to over 50 market intelligence reports and our monthly E- Magazine for 12 months for just N 5,000?

Click on the link below to know more about this offer.

Can you supply palm kernel shell from Nigeria and you are seeking for export contract? Then use our business process outsourcing service. Contact us with the details given below with the subject line as PALM KERNEL SHELL EXPORT IN NIGERIA: PALM KERNEL SHELL EXPORT CONTRACT.

At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for beginners and exporters already in the commodity export market.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies. 

You can order our detailed feasibility report on the export of palm kernel shell in Nigeria by clicking on the link below.

Report Code: FORA/08/2011/11

Do you require one- on- one training on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

Office Address: 

61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.

Like and Follow us on 



HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA

Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.

The training cuts across different segment of the economy to include Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism and Transportation and are facilitated by seasoned professionals in their respective fields.

Please do visit the link below to access available training programmes
Foraminifera Market Research is a dynamic market intelligence company providing comprehensive market research solutions and strategic intelligence services to start-ups and existing businesses in Nigeria.

We prepare business plan, feasibility study and market report for the small and medium scale industries and develop the entrepreneurial capacity of our client with the aim of providing the much needed business data in Nigeria.

In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites

www.nigeriaoilandgasportal.com { The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com { Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}