Post by Trade facilitator on Jul 30, 2012 9:06:32 GMT 1
Sapele — The Nigeria Export/Import Bank, NEXIM, has assured Small and Medium Scale Enterprises in Delta State of its readiness to finance them provided they meet with the bank’s prerequisite conditions.
The Chief Risk Manager of the Bank, Dr Emmanuel Moore, who represented the Managing Director of the bank Mr. Robert Orya, gave the assurance while delivering a paper at the second quarterly luncheon/seminar of Sapele Chambers of Commerce Industries Mines and Agriculture (SACCIMA), in Sapele, Delta State.
Dr Moore gave the conditions for qualification for any facility that could be given by the bank to SMEs to include, formal business registration/incorporation of the intending recipient with the Corporate Affairs Commission in accordance with the CAC Act of 1990, registration with Nigeria Export promotion Council, a memorandum of understanding/partnership agreement of recipients, evidence of Tax payment by recipients and audited account for the past two to three years.
Other conditions to be fulfilled by the recipients, according to Dr Moore, include, business plan of the recipients, board resolution of the directors, profoma-invoice, evidence of export/import order and possession of landed property which the recipients intend to use as security for the facility.
Chairman of SACCIMA, Prince David Eweta, told journalists at the event that the loan conditions of Nexim bank were easier to fulfill than as obtained in most commercial banks, and said Deltans would explore the opportunity to source for loans from Nexim bank to finance their small scale enterprises for the purpose of expanding existing businesses as well as kicking off new ones across the state.
Source: www.vanguardngr.com/2012/07/nexim-bank-assures-smes-on-business-sponsorship
The Chief Risk Manager of the Bank, Dr Emmanuel Moore, who represented the Managing Director of the bank Mr. Robert Orya, gave the assurance while delivering a paper at the second quarterly luncheon/seminar of Sapele Chambers of Commerce Industries Mines and Agriculture (SACCIMA), in Sapele, Delta State.
Dr Moore gave the conditions for qualification for any facility that could be given by the bank to SMEs to include, formal business registration/incorporation of the intending recipient with the Corporate Affairs Commission in accordance with the CAC Act of 1990, registration with Nigeria Export promotion Council, a memorandum of understanding/partnership agreement of recipients, evidence of Tax payment by recipients and audited account for the past two to three years.
Other conditions to be fulfilled by the recipients, according to Dr Moore, include, business plan of the recipients, board resolution of the directors, profoma-invoice, evidence of export/import order and possession of landed property which the recipients intend to use as security for the facility.
Chairman of SACCIMA, Prince David Eweta, told journalists at the event that the loan conditions of Nexim bank were easier to fulfill than as obtained in most commercial banks, and said Deltans would explore the opportunity to source for loans from Nexim bank to finance their small scale enterprises for the purpose of expanding existing businesses as well as kicking off new ones across the state.
Source: www.vanguardngr.com/2012/07/nexim-bank-assures-smes-on-business-sponsorship
