The first thing you need to know before applying for any funding is what their criteria for beneficiaries are. For example, if you want to fund from the Black Industrialist Scheme, one of the things you need to have is a co-founder involved; the co-founder can be either a commercial bank or a developmental funding institution. There are several funding options you can try, including Angel Investors. 

Here are at least seven options you should consider for your small business.

• DTIC

• SEDA

• NEF

• NYDA

• Bank loans

• Venture capital

• Crowdfunding

If you want to know about how entrepreneurs particularly businesswomen asked for/ applied for funding and successfully got funded, read the report below.

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Use AI tools to manage your business smarter

 Many AI tools can help you streamline a wide range of tasks, save time, and improve your operations. Boost efficiency and save time in your business by using AI tools for the following functions:

• Customer service and support

• Cybersecurity

• Sales and marketing

• Financial planning

• And so much more!

Need a Business Plan to write a funding proposal? Download this template!

A business plan can help you test out a new business idea and it can help you obtain financing and attract potential investors. This document is the blueprint of your business and provides a roadmap for future development; it’s the document that can provide details such as your logistics and operations plan, and your marketing plan, and it helps you perform a market analysis.