HOW TO SECURE AN AGRICULTURAL LOAN TO EXPAND YOUR BUSINESS.

Agricultural loans are available to most farmers,but many dont know how to access and benefit from this funds.The general notion is that the process is laborious and so cumbersome and at the end of the day no money will be disbursed,but this is far from the truth.The loans are very accessible with an easy process to get the money necessary. The major commercial banks have agric desk where they give a financial arm to agric business and farmers,the NAIC,BOA also give agric loans to assist farmers.The micro finance banks also give out loans to farmers and agric business at low interest rate and NO COLLATERAL. The micro finance banks are specifically designed to support small and medium scale businesses,giving out funds to help them grow and expand.The micro finance banks make the funds readily accessible and within a short time with workable payout plans. The amount of money disbursed depends on the size of your business,type of business you run and your financial records which will show what you can handle and will be able to repay easily. REQUIREMENT/ PROCESS TO OBTAIN THE LOAN. 1) Open an account with such bank,that must be operational,with 10% of proposed loan in account. 2) Two guarantors,that know your business operation ,have a current account in a commercial bank that is operational.These people will be available when loan is disbursed. 3)The beneficiary must give statement of account. 4) The bank official will pay visits,check record,do their own investigations and work out payable options. 5) The loan is approved. The process is simple,the micro finance banks even organize training for beneficiaries.The loan can be accessed as an individual, corporately or groups. Come and meet our bankers @ farmers bazaar holding at Ajah vet center,on the 27/8/15. The program will start@ 10am ,you will be better informed.