Forums: Discussions for entrepreneurs and small business.

hello,

 

i want to are banks provide start ups business loans..? if yes how can i apply and if no why banks not provide start ups business loans ..?

Reply and help me!!

 

Thanks in advance

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William,

I'm sorry to say that few (if any) banks will consider making a "pure" business loan to a startup. A person with good personal credit and enough assets can get one if they agree to guarantee the loan personally.

There are a  number of ways to bring capital into a business, so the first key to success is to select the right way (capital strategy) for you and the business.

 

 If you want to discuss your specific needs, drop me a PM or contact me directly

 

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Thanks you guys for reply !!

its very helpful for me.

 

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Yes, most of the banks do provide start up business loan so that one can easily fund up their business for a successful beginning. However, there are certain conditions that needs to be fulfilled for getting loans from banks.

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Invoice Factoring

Its tricky but with persistence, you can find a bank or organization that will give you a loan. I was able to secure one over a year ago.

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@allianceonellc can you tell me some conditions of banks that bank provide me start up loans.

 

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Bank of America has issued a new sort of rewards card. Instead of rewarding consumers for spending -- which only increases the level of their debt -- it pays them when they pay their bill when it is due and they will pay just a little more than their minimum monthly requirement when doing this. In that way, it is incentivizing individuals to handle their loan debts more responsibly. Well, customers automatically receives $25 after paying any amount more than the monthly minimum due when they make payments on time. They also receive $5 bonus each quarter when they have qualifying account relationship with the bank or they are card customers with a checking and savings. With that customers could could earn up to $120 in cash rewards annually. You can get a payday loan to make your credit card payment on time if you want the reward.

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