In this study, the researcher examined loan syndication as an alternative business financing strategy in Nigeria and this is the direct fall of insufficient fund for capital investment in the country. The objective of this study among others is to find out if loan syndication can be used as an alternative business financing strategy in Nigeria. The data for this study were collected with the aid of annual reports from 2002–2015 from five banks in Nigeria. The time series data which is a type of secondary data was used for the data analysis and interpretation of the hypotheses. Based on findings, the researcher therefore recommends that the business owner who intends to borrow should ensure that he has a certain percentage of fund contributed by himself set aside for the business minus what will be borrowed.
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