FCBK Articles

5 Ways to finance your business

There are various ways to finance your new business. One common requirement that will help you attract funding from any of these methods is to have a good business plan, good corporate structure and evidence of your intention to keep good records. Do your research well and work with the method or 'combination of methods' that meets your needs.

What is a Mortgage?

A mortgage is a type of loan often used to buy a home or other property. A mortgage allows the lender to take possession of the property if you do not repay the loan on time. The property is the security for the loan. Normally, a mortgage is a large loan and is paid off over many years.

Tips to help you Manage your Personal Finance as an Immigrant in Canada

Canada has increasingly become an attraction for immigrants and the number of young people migrating there continues to increase. While Canada offers a good opportunity for living well and having a good career, this opportunity can be misused if one gets into a financial trap.....

3 Essential components of a good financial plan

Have you ever paused to consider having a financial plan? If not, now is the time to do so. A financial plan is essential to achieving financial fitness and ultimately growing your wealth.

Reviewing the CBN Guidelines On Global Standing Instructions (GSI)

The GSI shall serve as a last resort by the PFI, without recourse to the borrower, to recover past due obligations from a defaulting borrower through a direct set-off from deposits or investments held in the borrower’s accounts with any other PFI.