questions from broker/bank
1. Do you have 3 year business experiences?
2. Do you have 3 year earning record, Tax Return to show profit.
If you answer no to last two question you are not quolify for any no secured loan.
3. Do you have any thing worth money that can be used as security (house, auto). If yes. You may borrower money as mortgage, car loan.
If you have a very good idea and business plan. You should apply for venture capital and not loan. Bank never look at your plan but your history.
If you have a very credit /personal credit line, you can use that nmoney. I remember there is once a man who use his credit card money to start a company and sold to IBM a few years later.
1. Do you have 3 year business experiences?
2. Do you have 3 year earning record, Tax Return to show profit.
If you answer no to last two question you are not quolify for any no secured loan.
3. Do you have any thing worth money that can be used as security (house, auto). If yes. You may borrower money as mortgage, car loan.
If you have a very good idea and business plan. You should apply for venture capital and not loan. Bank never look at your plan but your history.
If you have a very credit /personal credit line, you can use that nmoney. I remember there is once a man who use his credit card money to start a company and sold to IBM a few years later.
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