Which Local bank is best suitable for an upstart looking to get financing in future

I was just wondering which bank is best for a young company to have an account with? One that best finances upcoming companies and offers products best tailored towards local upstarts

None my friend. On 9 February 2010 14:47, Jacob Odada <jacob.odada@gmail.com> wrote:
I was just wondering which bank is best for a young company to have an account with? One that best finances upcoming companies and offers products best tailored towards local upstarts
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Jared! You took the words out of my mouth. so I'll add, not even if you have a BOQ from a reputable company!!! On Tue, Feb 9, 2010 at 2:52 PM, Jared Koyier <jaredkoyier@gmail.com> wrote:
None my friend.
On 9 February 2010 14:47, Jacob Odada <jacob.odada@gmail.com> wrote:
I was just wondering which bank is best for a young company to have an account with? One that best finances upcoming companies and offers products best tailored towards local upstarts
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So far I know ZERO bank(s), but I really want to know this...

Thought Equity were dishing out loans left right and center On Tue, Feb 9, 2010 at 2:55 PM, Clement Ongera <cnongera@gmail.com> wrote:
So far I know ZERO bank(s), but I really want to know this...
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The best way is to take liability as an employee, if you are still employed... On Tue, Feb 9, 2010 at 3:08 PM, Jacob Odada <jacob.odada@gmail.com> wrote:
Thought Equity were dishing out loans left right and center
On Tue, Feb 9, 2010 at 2:55 PM, Clement Ongera <cnongera@gmail.com> wrote:
So far I know ZERO bank(s), but I really want to know this...
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@phares I'd advice NOT to I'm still paying for a ' loan/mistake' I took last year! No grace period, You take a loan this month, next month they start "Reclaiming".

Well, you can always consider factoring. They have high rates, but will do LPO financing... On Tue, Feb 9, 2010 at 3:16 PM, Clement Ongera <cnongera@gmail.com> wrote:
@phares I'd advice NOT to I'm still paying for a ' loan/mistake' I took last year! No grace period, You take a loan this month, next month they start "Reclaiming".
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I saw some blog-Kirubi(Capitalfm.co.ke~not sure) I guess of some venture capitalists, one can consider this, or go towards family, personal and/or friends' finacing. I know for sure that banks will give you cash if you prove to them that you actually don't need the cash.....(After being in business for a year or two and are showing growth and activity in your account, a title deed, log book, etc etc)

On Tue, Feb 9, 2010 at 12:27 PM, Clement Ongera <cnongera@gmail.com> wrote:
[...] I know for sure that banks will give you cash if you prove to them that you actually don't need the cash.....(After being in business for a year or two and are showing growth and activity in your account, a title deed, log book, etc etc)
Couldn't put it any better! -- Ndungi Kyalo biblia.kenya.or.ke

I guess this might help http://www.capitalfm.co.ke/news/Eblog/view/Think-like-an-entrepreneur.html

Key question is why do you need money? In fact let me rephrase, do you really need money? Your answer to the above question in front of a banker or seasoned business person will help you know whether you really need money. Entrepreneurs think its their biggest need but usually isnt......If you need money, then you probably dont. I know paradox but banks only finance those who have proven they can recover the money On Tue, Feb 9, 2010 at 5:40 PM, Clement Ongera <cnongera@gmail.com> wrote:
I guess this might help http://www.capitalfm.co.ke/news/Eblog/view/Think-like-an-entrepreneur.html
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I would be surprised if you came across a bank that was willing to finance an upstart. Banks, especially Kenyan banks have no time for startups. On Tue, Feb 9, 2010 at 2:47 PM, Jacob Odada <jacob.odada@gmail.com> wrote:
I was just wondering which bank is best for a young company to have an account with? One that best finances upcoming companies and offers products best tailored towards local upstarts
participants (8)
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Clement Ongera
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Jacob Odada
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Jared Koyier
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John Doe
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Joram Mwinamo
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Ndungi Kyalo
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Phares Kariuki
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Rad!