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Incredible, you’d say. And you’re right for thinking that way. But this is not a fairy tale. It’s true! Mr. X actually got some banks in Nigeria to provide the loan for his start-up business.

But how did he do it?

Yes, considering all the story you hear about the hassles business owners go through before they could get a few quid as loan, N75m is quite a miracle. We hear the story of banks who ask their customers to provide collateral that is more than twice the amount they want to borrow.

After the business owner has been able to scale that hurdle, some banks would still ask for a personal guarantee of the borrower and that of his wealthy business associate or relation.

But all that was set aside for Mr. X. Within a few weeks, the loan deal was concluded and he inked the documents –– just in time for him to use the fund as a working capital for his business.

The story of how this loan deal was worked out can only be told by Mr. X himself. And he has agreed to do exactly that. Mr. X will be our Mystery Guest Speaker at the July edition of SADC’s monthly Wealth Empowerment Summit Series with the theme: Financing Your Business.

The absolutely FREE monthly power-packed programme is one of the benefits of being a member of our elite community, Successful Entrepreneurs Club [SEC]. It will take place at SADC, 28, Esuola Street, Off Ago Palace Way, Okota, Isolo, Lagos, on Thursday, July 23, 2009.

Also on that day, another high profile speaker, Mrs. Ronke Onadeko-Osayande, will show our members Seven Creative Ways of Raising Start-up or Expansion Capital.

Mrs. Osayande, Managing Director of Delt-R Nigeria Limited, was one of our faculty teachers for the Basic Certificate Course in Entrepreneurship and a winner of the prestigious SDEA Young Entrepreneur of the Year Award.

This financial briefing will be an eye-opener for all the attendees.

You are not a member of SEC yet?

Don’t worry. You are free to join us at this month’s event at virtually no cost. Our gates are open for anyone who is interested in this subject. All you need to do is show up at the venue and you will have a great time of learning how to raise capital to start that dream business of yours or to expand it.