subject: Business Start Up Loans- Turn Your Dream Into A Reality [print this page] Do you want swift and smooth cash to invest in your new business venture? Do you have plans to further up your existing business? Business Start Up Loans are just the right option for you. Being an owner of a business is a dream for many people but fulfilling it is not possible for all. Insufficient funds play the role of a major hurdle in the fulfillment of this dream. This money can be used to do various things like buying equipments, rent a place to set up an office, purchasing machinery and accessories.
Business start up loans are made available in two types, namely, unsecured and secured. In the unsecured form, there is no clause of a security. That is, if you dont have an asset or dont want to put your property at risk, you can go with this option. The amount here ranges from 1000 to 25000. It can be repaid in the duration of 1 to 20 years. Since, there is a risk factor for the lender due to no guarantee; therefore, this aid comes at a slightly higher rate of interest. .
In the second option, you have to pledge collateral. This can be a house, a car, jewellery or stock papers etc. The finance that one can arrange from this type ranges from 5000 to 500,000. The amount can be settled easily in the duration of 5 to 25 years.
You should keep the following pre conditions in mind before applying:
One should be a resident of UK,
One should have attained the mandatory age limit of 18 years,
One should possess a valid bank account, at least 3 months old, and
One should bring home a fixed monthly salary.
Faxing of documents required is the least.
There is no process of credit check in this money lending process. The money lenders just take the repayment capacity of the borrower into consideration.
