About this course
Borrowing (Loans) for SMEs is a practical course designed to help entrepreneurs, small business owners, and growing enterprises understand how to access, manage, and negotiate business loans effectively. Rooted in the realities of the Nigerian business environment, the course equips learners with the knowledge and confidence needed to approach lenders, understand loan requirements, compare financing options, and make informed borrowing decisions that support business growth. Through practical examples, real-world case studies, and financial guidance, participants will learn how to prepare for loan applications, manage debt responsibly, and use borrowed funds strategically to strengthen and scale their businesses.
Learning Objectives
Explain the fundamentals of businessborrowing, including the different types of loans available to SMEs and how financing supports business growth and sustainability.
.Identify common challenges SMEs face when accessing loans and apply practical strategies to improve loan readiness, creditworthiness, and financial documentation.
Demonstrate an understanding of loan terms, interest rates, repayment structures, collateral requirements, and financial risk management when dealing with lenders.
Apply effective financial planning and borrowing strategies to secure suitable funding, manage repayments responsibly, and support long-term business success.
Compare different SME financing options to determine the most suitable funding source for specific business needs.
Demonstrate practical skills for preparing loan applications, negotiating with lenders, and managing borrowed funds effectively.
Who Is This Course For?
SME Owners & Entrepreneurs
Startups & Growing Businesses
Finance & Operations Managers
Borrowing & Loan Repayment
4 Parts
Introduction
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Borrowing and Loan Repayment
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How to Make Good Use of a Loan
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Reasons Why People Borrow and How to Repay the Loan
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Loan Products & Requirements
4 Parts
Loan Products and Reqirements
3.41 MB
Types of Loan
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Responsibilities When Taking a Loan
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Responsibilities of a Bank Before, During and After Taking a Loan
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What Happens if You Cannot Pay Back a Loan?
2 Parts
What Happens if You Cannot Pay Back a Loan
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Responsibilities When You Guarantee a Loan
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QUIZ
1 Parts
Quiz
10 Questions
Min
Passed grade: 70/100
Attempts: 0/
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