Business Loans

Discussion in 'Members Corner' started by arnabmit, Apr 5, 2013.

  1. arnabmit

    arnabmit Homo Communis Indus Senior Member

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    Does anyone have any idea about small scale business loans without security? Or is security a must? Not talking about venture capitalists.
     
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  3. Bangalorean

    Bangalorean Stars and Ambassadors Stars and Ambassadors

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    If you have land of your own, PSUs will lend you money for machinery - the land+machinery will act as collateral.That is definitely possible. But if you have nothing at all, and expect a loan for everything starting from land all the way to machinery and employee salaries, you won't have much luck.
     
  4. Twinblade

    Twinblade Senior Member Senior Member

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    Check your state government industrial development board. A friend of mine is starting his unit and he is getting 6% subsidy on the interest rate. Some state governments also bear a percentage of the security.
     
  5. Daredevil

    Daredevil On Vacation! Administrator

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    If you a good turnover over last 2 years, then its possible to get business loan without security but it all depends on how good is your relation with your banking manager.
     

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