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Small Business Loans

 
 
Mon 26 Aug, 2013 12:41 am
How to get loans for small business?
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Type: Discussion • Score: 20 • Views: 2,260 • Replies: 16
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AdityaSinha
 
  1  
Sat 31 Aug, 2013 04:38 am
@Jameshudson,
Hi James! may I know how small is your business? Hey there are few business loans that depends on your company's turn over. If by sales is upto a certain figure, banks do not look into your company's profit and the calculation is straightly done on the basis of turn over. There are banking apps available like HDFC's iOS mobile banking, it helps you identifying the different type of loans and other products that suits your need. It really helps in figuring out the right solution for you.
trying2learn
 
  2  
Sat 31 Aug, 2013 04:41 am
@Jameshudson,
You can apply through the small business admin.
http://www.sba.gov/content/find-small-business-loans
0 Replies
 
petersonjohn
 
  -1  
Wed 4 Sep, 2013 05:35 am
@AdityaSinha,
small business loan is actually given to the growing businesses with certain requirements of fund. This kind of loan's amount vary according to the size and turn-over of business.
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John456
 
  0  
Thu 5 Sep, 2013 09:29 am
There are some rules and policies that are set by banks and financial institutions that may provide loan and usually small business loans are provided according to need and demand also turnover of the business.
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adammiller
 
  1  
Mon 16 Sep, 2013 07:11 am
@Jameshudson,
You can get loans for small business through various sources like banks or some money lender firms. As per my opinion go with the nationalize banks for loan as their interest rates are low and re-payment time is high.
0 Replies
 
reginekelly16
 
  1  
Sat 12 Oct, 2013 04:05 am
@Jameshudson,
There are lot of company lenders that you will able to loan.
0 Replies
 
christins
 
  1  
Wed 27 Nov, 2013 05:54 am
If your credit score is good, you can get a decent loan from the bank. However, if your credit score isn't good or your requirement is big, go for a collateral loan.
0 Replies
 
jennymorrow
 
  0  
Wed 15 Jan, 2014 03:58 am
@Jameshudson,
Bank offer a loan on basis of nature, size of your business. You'll have to submit legal documentation for business credit history, financial statements, detailed business plan and cash flow projections for at least a year etc.
0 Replies
 
mikemahoney007
 
  1  
Fri 11 Apr, 2014 12:39 am
There are finnacial institutions and also private lenders however i would recommend to follow the most frequented path and visit the banks and other finnacial institutions for loan
0 Replies
 
TamikaSerrato
 
  0  
Mon 26 May, 2014 07:19 am
If you want loan for small business then first of all know about the rules of the bank, where you want to take a loan for your small business. Prepare your document as Personal and business credit history, business financial statements, your business plan, Personal guaranties they are important while taking a loan. Set up a size of your small business because small business also has different types.
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JMorrow
 
  0  
Thu 4 Sep, 2014 03:20 am
For business loan refer to a bank, they provide loan for different aspects of business. Bank offers some loans to set up business as a working capital loan, project funding and various short term and long term loans that help to set up business.
0 Replies
 
BonnieArteaga
 
  1  
Mon 8 Sep, 2014 05:18 am
@Jameshudson,
For getting loan for small business, you may follow these steps:
Criteria of that bank for giving business loan, have all the personal data like business credit history, etc., How can you get financing to start a business.
0 Replies
 
RonaldHarris
 
  -1  
Mon 24 Nov, 2014 08:20 am
Here are 3 ways to get a loan for small-business:
Banks are still the cheapest, most trustworthy source of funding.
Small Business Administration loans now increasing in number.
Investors, small business offering financing on the Internet.
0 Replies
 
felcanadaloan
 
  0  
Mon 12 Jan, 2015 12:33 am
@Jameshudson,
There are a number of small business loans available. Check the financial institution’s loan scheme. However it needs you to make a detailed project report as well. You can also check online.
0 Replies
 
CrisAdams
 
  1  
Fri 30 Jan, 2015 10:08 am
@Jameshudson,
On the SBA site, there is a 6 Step Guide on how to get a small business loan. Step 6 has a list of groups that can help with the process, like SCORE.
0 Replies
 
matrinmax
 
  0  
Wed 14 Oct, 2015 12:50 am
There are several sites where businesses can seek alternative lenders, such as individuals and small companies.Interest rates are generally a little higher than what a bank will charge, but it's much less than what you'll have to pay on many credit cards.



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