Why Banks Won’t Give You A Loan (smedigest.com.ng)

Why Banks Won’t Give You A Loan


For banks, cash is the live wire of a business and they will want to be sure that the ratio between income and cash is as close to 1 as possible.

A Relationship Manager of a top Nigerian bank informed Nairametrics that even when business plans are received it often fails to clearly show how the business will generate the cash flow required to repay the loans.

These are some of the findingsLack of Business PlanBusiness plans are typically the first piece of information banks want to see before considering a request for a loan.


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