Speaking at the weekend, during the fifth yearly Young Entrepreneurs Network (YEN) conference in Lagos, the Head, Women Banking Unit, Access Bank, Titilola Familoni, said entrepreneurs need to keep proper records of their transactions and operations, as such would support their loan application processes.

She said lenders approve loans based on statistics or information available to them as required by Central Bank of Nigeria (CBN).

According to her, there is also need for entrepreneurs to put the right structure in place in their businesses, adding that proper accounting shows seriousness on the part of the entrepreneurs.