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How to Get a Business Loan

    • 50 posts
    November 21, 2012 7:39 PM EST

    Following are some points to be considered, which can help you to get a small business loan:


    1. Don't quit your day job
    2. Offer something of value
    3. Keep meticulous records
    4. Plan on providing a plan
    5. Character counts
    6. Check and recheck your credit

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    • 1 posts
    June 7, 2012 12:44 AM EDT

    Get the Lowest Loans Rates ,Exclusive Deals only at Personal-emergencyloans.co.uk  Apply Online - its Quick & Easy to get a Personal Loan  and payday loan advances for any purpose.

    • 3 posts
    October 24, 2011 1:01 AM EDT

    All the things depend on your repay capability. Suppose a businessman is applying for a big amount and he is not able to repay that loan in the expected tenure, then bank won’t provide him that much amount. Bank always sanctions the loan as per the borrower’s repay capability.

    • 3 posts
    May 27, 2012 9:42 PM EDT

    ok, contact any of business bank near you

    • 63 posts
    January 18, 2012 10:59 PM EST

    You can go to your nearest banks and check the loan offer what they actually providing. take that offer of such a bank who provide the loan in small installment .Another way to help from small business administrative office. hope you will get the success the loan soon for your business.And start your business soon.

     


    • 1 posts
    May 19, 2012 7:49 AM EDT

    I have friend that recently used a service where they don’t charge you an application fee, success fee or origination fee to help you get a loan for up to $50,000 and grants of up to $250,000 – in fact their services are 100% free and it has worked for my folks and could very well work for you: www.howtogetabusinessloan.us  My friend was approved in no time and just followed the suggested requirements. Good luck

    • 23 posts
    July 29, 2012 9:11 PM EDT

    Normally you have two to three years of substantial financial before a money lender like a bank will even consider lending you money

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    • 37 posts
    June 28, 2012 4:45 AM EDT

    Businesses have misery secure financing at the best of times. Normally you have two to three years of substantial financial before a money lender like a bank will even consider lending you money. Often you need to have a strong personal credit record to be eligible for a decent business loan from start-up.

     

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    • 1 posts
    October 24, 2011 2:54 AM EDT

    Thank you for sharing

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    • 63 posts
    June 28, 2012 1:21 PM EDT

     

    grants.gov may be of help as there are many grants available for startup businesses.



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    CanineCare101.com

     Sorry to burst everyone's bubble regarding government grants...but there are NO grants available at grants.gov for startup businesses. I just posted an incredibly informative article about this very subject. I hate to see people waste their time chasing non-existent grants. See my signature below.

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    • 1 posts
    April 30, 2012 12:26 AM EDT

    A business loan will help you to start or expand your business,Before getting a business loan you hve to define your business idea. The quality of your financial projections is very important when seeking a loan.

    Restaurant Loan | Small Business Loans

     

    • 5 posts
    May 28, 2012 7:12 AM EDT

    grants.gov may be of help as there are many grants available for startup businesses.

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    • 344 posts
    August 14, 2011 9:33 PM EDT

    Small businesses are the economic lifeblood of this country, and the majority of them began with help in the form of a small business loan. Very few small business owners have the funds available privately to start or expand their enterprise, so most are forced to seek out loans to move their vision forward.

    But there are some things that everyone should know before applying for a small business loan. It's always important to know what the bank or lending institution is looking for, what factors go into their decision to either grant or reject your loan. By playing to these factors, you can better your chances of securing that money for your business.

    What is your personal story?  Firstly, the bank will want to know about you. Your credit history, experience and education will all be factors preliminarily considered in the process of your application. These things speak to who you are as a business person, your credibility for running your own business.

    What is your Business Plan?  The meat of your proposal will be in your Business Plan. This is an outline you will present to the bank detailing your business idea while providing answers to the questions that the bank has.

    How much are you applying for? This figure should be all-encompassing. It should include costs for startup and overhead as well as operations costs like payroll and inventory. It is very important to you and the bank that this number be as accurate as possible.

    Where is this money going? Again, accuracy and detail are important here. Your business plan should have a detailed breakdown of how much is going where and for what.

    When can you repay your loan? This is the question that anyone, from the bank to your wealthy relative will want an answer for. Be professional. Use financial statements and cash-flow projections to illustrate how your business will generate profit and be a good investment for the bank.

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    • 5 posts
    November 30, 2012 1:12 PM EST

    Somehow a myth has been developed that banks do not want to do loans, and that banks do not want to do small business loans. Nothing is further from the truth. The fact is that most commercial banks need to do loans to make money or they fail. I can tell you from personal experience after working in four different financial institutions, that we love small business borrowers.

    Entrepreneurs are an optimistic lot, but for lenders a business loan request has to make sense. This means the basics of credit underwriting need to be addressed

    Capacity: The ability to repay the loan has to be there, and the lender has to feel comfortable with it.


    Capital: The borrower has to bring equity to the table. The lender is a creditor not an investor. Do not expect a lender to have as much risk as the entrepreneur when the lender never gets to participate in the upside.


    Collateral: If the business does not work what will be left to repay the loan.


    Conditions: The structure has to fit the purpose of the loan.


    Character: This covers experience, education, and credit history.

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    • 106 posts
    October 17, 2011 4:13 AM EDT

    you can go to your nearest banks and check the loan offer what they actually providing. take that offer of such a bank who provide the loan in small installment. Another way to help from small business administrative office. hope you will get the success the loan soon for your business.And start your business soon.

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    • 3 posts
    January 23, 2012 6:43 AM EST


    My suggestion would be to work for someone else who has that franchise, or a similar franchise. Work hard, and learn every aspect of the business. Where are the customers? How do you attract them? Where do you get supplies at lowest cost and highest quality? What are the chief threats to the business? What's the best value in advertising for your product? And while doing that, save up your dollars. After a few years, when you have $25k saved up, you can start out on your own. You may find however, that the business is harder than you thought it was.

     

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    • 4 posts
    July 19, 2012 1:48 AM EDT

    Get the Lowest Loans Rates ,Exclusive Deals only at Personal-emergencyloans.co.uk  Apply Online - its Quick & Easy to get a Personal Loan for any purpose.
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    • 4 posts
    July 22, 2012 11:45 PM EDT

    Get the Lowest Loans Rates ,Exclusive Deals only at Personal-emergencyloans.co.uk  Apply Online - its Quick & Easy to get a Personal Loan for any purpose.
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    • 6 posts
    January 29, 2013 1:16 AM EST

     

    Following are some points to be considered, which can help you to get a small business loan:


    1. Don't quit your day job
    2. Offer something of value
    3. Keep meticulous records
    4. Plan on providing a plan
    5. Character counts
    6. Check and recheck

     Absolutely Right

    Business loans are easily available for the established businesses, and if a company wants to go through a takeover process, there are loans to complete that procedure with detailed requirements on high interest rate.

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    • 2 posts
    May 21, 2012 3:47 AM EDT

    A Payday loan (also called a Payday advance) is a small, short-term, loan secured against a customer's next pay check.[1] The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Pay day advance loans rely on the consumer having previous payroll and employment records.[2] Legislation regarding payday loans varies widely between different countries and, within the USA, between different states.

    Payday loans carry substantial risk to the lender; they have a default rate of 10-20%,[3] and according to one study, defaults cost payday lenders around a quarter of their annual revenue.[4]

    Payday loans in Canada are limited by usury laws, with any rate of interest charged above 60% per annum considered criminal according to the Criminal Code of Canada. In addition, the provinces of British Columbia and Saskatchewan have imposed specific regulations on payday loans, including lower interest rate caps. what are payday loans



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    • 44 posts
    January 10, 2012 12:44 AM EST

    Starting a business involves solid business planning, including forming an outline, forecasting credible financial information and establishing a marketing strategy. To get a business loan, you need documents such as a business plan, cash flow projections. 

    The business plan shows the lender what you plan to do with the money. Will you be able to repay the loan and your business's cash flow projections give lenders concrete financial data that they can use to assess risk.

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    • 4 posts
    July 23, 2012 5:46 PM EDT

    I was told of a service that is 100% free, and they help you get a loan for up to $50,000 and grants of up to $250,000. They basically show you what it takes to get the funding you need. There are a lot of things you need in place you might not think about. Check it out: getbusinessfundingforfree.com. I went through the steps myself in no time, and I'd highly suggest it. Good luck!