subject: Start Up Business Loans-an Aid To Boost Your Business [print this page] Are you fed up of doing a job? Do you want to start your own business? Is the shortage of funds creating a problem? Dont worry, as Start up business loans would play the role of a lifesaver for you. Owing a business is a dream that almost everyone nurtures. But many are not able to fulfill this dream because they dont have finance to support it.
The borrower can use the funds acquired from this facility to do numerous jobs. One can employee people buy or rent a place to open up the office, buy stationery, chairs, and tables and so on. You can avail this service in two forms: a secured form and an unsecured form. The former one is better for you if you if you have collateral to pledge which can be anything a house, a car, jewellery or stocks. The funds that can be gained, ranges from 5000 to 500,000. The amount can be settled back easily in the time duration of 5 to 25 years.
On the other hand, in case you dont own a property or dont want to give it as a security or guarantee then you can opt for the later. The amount in this case ranges from 1000 to 25000 which can be paid back within the duration of 1 to 25 years. The rate of interest is slightly higher because of the risk involved for the lender due to no guarantee.
You can apply for start up business loans through the online method which is swift. Fill the online application form and submit it. After an instant verification, you would get the sanctioned money. The lenders are also stretchy in their approach towards documentation and faxing of credentials.
An applicant with a poor credit history would also get this monetary aid. Issues like bankruptcy, payment overdues, CCJs, arrears would not pose any kind of hindrance. The lenders are not concerned with this.
