BANK LOAN AND SMALL BUSINESS FINANCE MANAGEMENT IN PLATEAU STATE

The importance of small businesses to manage finance from banks served as one of the motivational factors for small business growth. This study investigated the outcome if small businesses managed finance from banks for growth in Jos, Plateau State. The study adopted the descriptive survey design with a population of 550. However, 435 responses as collected from small businesses that enjoyed bank loans. The age bracket of the respondents ranged from twenty-seven years and above. The source of data for this research was primary with a self-administered questionnaire as the instrument for the data collection. The questionnaire used for this study was in a five-point Likert-scale, validated by four senior lecturers in a closely related field. The linear regression method was adopted for data analysis employed to test the hypothesis to investigate how small businesses managed bank loans for growth. The finding showed that small businesses significantly had finance management that grew their business in Plateau State. In conclusion, bank loans and small businesses are mutually inclusive with appropriate finance management by small businesses to grow businesses in Jos, Plateau State. The recommendation was bank loans be made always available to small businesses in Jos, Plateau State since small businesses showed appropriate finance management to grow business.