sme loan for new business
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 Nov 28 2017, 01:01 PM, updated 9y ago
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#1
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Junior Member
64 posts Joined: Nov 2012  
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HI everyone here. Im just started my own business for about 5 months only and need some loan to expand my business or purpose for purchasing of goods. Since the business is not more than a year and my name is too clean and no record in the bank or ccris so is difficult to loan directly from bank.So any sme loan company or any idea to get loan?
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Nov 28 2017, 01:09 PM
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#2
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Junior Member
64 posts Joined: Nov 2012
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QUOTE(NightHeart @ Nov 28 2017, 01:04 PM) Banks usually require 3 years of operation & profitable record. As I know housing loan can be done with guarantor but not sure of personal loan. Btw thanks so much bro =)If you insist on bank biz loans, you need your parents to be a guarantor. But still not sure whether a guarantor can assure you a loan or not. Last option from bank without much requirement is personal loan, but the interest is a killer if i'm not mistaken.  |
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