Question about Computers & Internet

1 Answer

Is it possible to get a business loan without collateral security?

Posted by on

Ad

1 Answer

  • Level 2:

    An expert who has achieved level 2 by getting 100 points

    MVP:

    An expert that got 5 achievements.

    Scholar:

    An expert who has written 20 answers of more than 400 characters.

    Hot-Shot:

    An expert who has answered 20 questions.

  • Expert
  • 40 Answers

Earlier it was difficult to get a term loan even with collateral security, but the good news is that these days companies like Capitalfloat.com is providing collateral free loans. They do have some conditions. They need you to be eligible to apply for small business loans India. I am writing the eligibility conditions down, please see if you are eligible. The conditions are:

  • You need to have an operational history of minimum 3 years.
  • Annual business turnover needs to be more than 1 Cr or it should be audited financials.
  • And an above 650 CIBIL Score.
You will also need some documents like:
  • Last 12 months' VAT returns
  • ITR- last 2 years
  • KYC documents
  • Bank statements for 6 months
  • Loans or overdraft sanction letters
With the above conditions and documents, you can easily avail collateral free loan.

Posted on May 29, 2017

Ad

5 Suggested Answers

6ya6ya
  • 2 Answers

SOURCE: I have freestanding Series 8 dishwasher. Lately during the filling cycle water hammer is occurring. How can this be resolved

Hi,
a 6ya expert can help you resolve that issue over the phone in a minute or two.
Best thing about this new service is that you are never placed on hold and get to talk to real repairmen in the US.
New users get to try the service completely Free afterwhich it costs $6 per call and covers almost anything you can think of (from cars to computers, handyman, and even drones).
click here to download the app (for users in the US for now) and get all the help you need.
Goodluck!

Posted on Jan 02, 2017

Ad
veronica_mer
  • 334 Answers

SOURCE: Do I Need To Have Any Kind Of Collateral Before Applying For Business Loan?

In case you are interested in applying for a business loan, you must be prepared to make a personal investment. The lender ask you to provide security (which include automobiles, business equipment, property and so forth.) to back the loan. This explains that you are dedicated to making your business work.

Posted on Feb 12, 2016

veronica_mer
  • 334 Answers

SOURCE: What Type of Collateral Does An Online Lender Require for Secured Business Loans?

Well the first thing is that the collateral is used only in the secured business loan program. Unlike the conventional lending, the online lending is much easier. The collateral requirement varies by lender to lender, therefore, as a general rule the requirement of collateral mostly depend on the type of business financing.

Posted on Mar 31, 2016

davisbrown66
  • 35 Answers

SOURCE: Can I Still Qualify For Business Loan If I Don't Have Any Collateral?

I came across some guy online when I was looking for how to increase my credit score when I had financial crisis. I first thought it was fake then I contacted them creditscorehq@qualityservice.com. They were prompt and delivered fast . I can always recommend people with any type of credit issues to them.You will thank me dozen times

Posted on Aug 01, 2016

veronica_mer
  • 334 Answers

SOURCE: Does The Business Owner Need To Pledge Personal Collateral For Business Loan?

The business owner doesn't need to pledge personal collateral; however the business will be expected to pledge its assets and resources as collateral for a business loan.

Posted on Aug 15, 2016

Add Your Answer

Uploading: 0%

my-video-file.mp4

Complete. Click "Add" to insert your video. Add

×

Loading...
Loading...

Related Questions:

1 Answer

I want to take a SME loan. Will I need to attach collateral for it?


Well, attaching collateral for SME loans is not necessary. One can easily apply for small business loans and the bank will not deny your loan application in the absence of any collateral. As we all know that there are two types of loan i.e. secured and unsecured. It may be possible that for the security purpose, your bank will ask for collateral and at that time, you have to attach the same. All and all, there is no hard and fast rule of attaching collateral for applying small business loans and to some extent, it depends on the bank that whether they would ask for this or not. Maybe the bank will not demand collateral but still one has to attach some of the important documents such as project report, credit information report etc so as to apply for the loan.

Oct 23, 2017 | Computers & Internet

2 Answers

I want to apply for a SME business loan. Will I need to attach a collateral?


Yes, if you are looking forward to SME business loan you may need to attach a collateral. But some NBFC like Capitalfloat.com is one such company which offer mortgage free loans. They also claim to provide fast credit to the loan seeker.

These days it is very much crucial to obtain the loan money quickly. The relationship is very simple, faster you get your credit, more quickly you will be able to invest it in your business. A loan without a collateral will be an added advantage. To avail a collateral free loan, you should be eligible for it. The eligibility criteria includes-
  • Private limited companies with SME/SSI registration
  • Loans are available for product development expenses, procurement of computers, etc.
  • Share allotment proof.
  • Share purchase agreement.

May 30, 2017 | Computers & Internet

7 Answers

What Are The Interest Rates And Terms For An Unsecured Term Loan?


The interest rates are higher for unsecured loans as compared to other loans because the lender does not ask for any kind of collateral. The interest rates would range from 17-22%. Unsecured loan is usually taken in the form of a term loan and the term ranges from 1-3 years.

Nov 01, 2016 | The Computers & Internet

2 Answers

Does The Business Owner Need To Pledge Personal Collateral For Business Loan?


sometimes it is required probably depends on the business in question

Aug 15, 2016 | The Computers & Internet

1 Answer

What's The Difference Between Personal Guarantee And Business Collateral?


Business collateral, like personal collateral, is used in a secured business loan where you pledge a business asset to serve as protection for the lender when the loan defaults. If it does default, the lender can take the ownership of the business asset. With a personal guarantee, you are confirming that you may pay the debt from your personal asset if your business is unable. If the loan defaults, the lender can capture your business and personal belongings.

Jun 01, 2016 | Retail Supplies

3 Answers

Can I Still Qualify For Business Loan If I Don't Have Any Collateral?


There are some credit based loans under $50,000 that don't need collateral. If you are looking for a larger loan and are a start up business, you usually will need collateral. Weak collateral can be mitigated by a co-signer willing to guarantee the business loan. Established businesses with positive cash flow can be eligible for a business loan without collateral or co-signer.

May 23, 2016 | Computers & Internet

1 Answer

What Type of Collateral Does An Online Lender Require for Secured Business Loans?


Well the first thing is that the collateral is used only in the secured business loan program. Unlike the conventional lending, the online lending is much easier. The collateral requirement varies by lender to lender, therefore, as a general rule the requirement of collateral mostly depend on the type of business financing.

Mar 31, 2016 | The Computers & Internet

2 Answers

Do I Have To Set Up Collateral To Acquire An SBA Loan? What's Qualified?


There are a number of SBA loans with different criteria along with what SBA requires. There are numerous sites to offer a wealth of information.
Here are just a few of the many to start you off
SBA Loans The Small Business Administration SBA gov
Same site but another section with different info.
SBA Loan Programs The Small Business Administration SBA gov

SBA Loans for Your Startup

5 Tips for Using Collateral to Secure Small Business Loan

Nov 27, 2015 | Miscellaneous

1 Answer

What is collateral information


"Collateral" simply put are assets that are pledged by a borrower to serve as security to a lender in the event of default. Example: Oftentimes a vehicle loan will be secured with the vehicle being financed as "collateral", meaning the lender has a right to foreclose on the collateral in the event the loan is not paid in full, according to the terms of the loan (interest rate, and time required to retire the debt)

Mar 11, 2014 | Finance

Not finding what you are looking for?

Open Questions:

0 Answers

$@$$@...1********** Canon printer tech support USA ______ Canon Printer Tech Support phone Number Canada 1********** @%%@&&@ Canon Printer tech support @manufacture1? Canon customer service hours Canon computer support contact Canon phone Canon online customer support Canon customer care Canon deskjet printer support Canon customer care phone number Canon contact support phone number Canon customer service number for laptop Canon Contact Number Canon printer service center number Canon Printer Customer Service Number customer care Canon printer Canon help desk phone number hewlett packard customer service Canon printer customer service phone contact number for Canon hewlitt packard customer service www support Canon Canon 1844 Canon Printer Customer Support Number Canon customer care number for laptop Canon deskjet helpline Canon support printer Canon support 844 number Canon phone support phone number Canon support helpline Canon support number printer Canon support helpline number Canon printer install Canon number for customer service contact Canon printer support by phone Canon support technical support number telephone number for Canon printer support Canon printer support telephone number Canon printer tech support phone Canon customer care phone number services Canon notebook customer care number Canon consumer support printer technical support phone number Canon printer customer care online Canon support com customer service for Canon printers Canon Customer Service Number Canon technical Canon pavilion customer support number Canon phone Canon customer service center Canon support number in usa Canon warranty number Canon pavilion support Canon printer customer service number Canon contact number usa Canon help and support Canon printer help number Canon Phone Number Canon laptop support number printer tech support Canon Canon photosmart support phone number phone for Canon tech support Canon print support number Canon Tech Support Number Canon printer phone number Canon printer support chat call Canon technical support Canon customer helpline Canon printer phone support number Canon com contact number Canon com tech support Canon support computer contact Canon technical support by phone Canon printer contact phone number Canon tech support hours Canon customer service for printers printer support number Canon customer care contact Canon support tech support phone number Canon printer from phone Canon desktop support Canon customer care number contact Canon support number Canon laptop support contact number Canon technical support hotline Canon support laptop phone number Canon support phone number for printers Canon help center customer care no of Canon Canon Customer Support Number Canon online support for printers call Canon laptop support Canon service customer care number Canon printer 844 number Canon wireless printer tech support phone number tech support Canon number Canon support assistant number Canon Technical Support Number Canon wireless printer support phone number Canon wireless support Canon support one Canon phone support number Canon tech support phone number usa Canon envy customer support Canon computer helpline number Canon printer error codes Canon troubleshooting printer Canon help phone Canon call center number Canon wireless printer support Canon customer care toll free number help with Canon printer Canon deskjet help customer support Canon customer service number for Canon Canon Printer Contact Number Canon printer phone support Canon phone number for printer support Canon laptop tech support Canon phone support printer Canon online help Canon tech phone number Canon support customer care number Canon printer contact support Canon support for printers phone number Canon customer support center Canon printer support uk Canon laptops number customer service Canon contact help Canon phone number Canon printer support line Canon 24 hour support Canon laptop online support Canon Printer Contact Number Canon printer call center number Canon customer relations Canon support site Canon computer phone number customer service Canon pavilion tech support phone number Canon laptop customer care phone number Canon contact support Canon officejet contact number Canon Printer Customer Service Phone Number Canon customer support no Canon officejet customer service telephone number for hewlett packard technical support Canon notebook help Canon printer support customer service Canon printer technical support telephone number Canon printer support online Canon print support help with Canon laptop Canon pavilion customer care number technical support for Canon printers Canon technical service phone number Canon all in one printer support phone number Canon printer customer number Canon laptop service center contact number Canon laptop contact number Canon support desk Canon Printer Printer Service Number Canon customer care helpline number Canon notebook support phone number Canon service support Canon helpline for printers telephone number for hewlett packard Canon customer number Canon Customer Service Phone Number customer service number for Canon printers customer care no of Canon printer Canon printer toll free number Canon desktop helpline number Canon call support printer tech support number Canon product support Canon support assistant phone number Canon computer helpline Canon contact number 24 hours Canon number customer service contact phone number for Canon Canon printer support phone number Canon laptop customer support number Canon com contactCanon Canon 844 number Canon support india Canon customer care number 24 7 Canon notebook customer service Canon printer help Canon customer service contact call Canon printer support Canon customer support printer Canon customer support line telephone number Canon support Canon warranty phone number Canon phone number customer service Canon printer service number Canon pc support phone number Canon tech number Canon notebook customer care contact Canon support Canon pavilion customer service phone number Canon printer customer care number Canon laptop contact Canon customer care support Canon customer support online Canon photosmart help technical support Canon phone number phone number for Canon support for printers Canon support call contact Canon by phone Canon printer help line online Canon support Canon printer customer support telephone number telephone number for Canon support Canon products phone number Canon laptop customer service Canon online printer support Canon laptop customer care Canon contact Canon contact number Canon tech support for printers Canon support online Canon printer support phone number us Canon Printer Tech Support Canon printer call center Canon laptop number phone number for Canon printer support Canon customer service line Canon text support Canon customer help Canon help desk for printers Canon printer support number usa Canon all in one support Canon ink customer service number Canon pavilion support number Canon help center phone number Canon printer customer service contact number Canon customer service contact number Canon laptops tech support Canon support services Canon computer support number Canon officejet help Canon technical support for printers phone number tech support Canon printer Canon customer support telephone number Canon tech support 844 number Canon help and support center Canon laserjet support Canon online tech support customer service Canon laptop phone number Canon customer support contact number Canon Printer Tech Support Number Canontech Canon phone number for help Canon printer customer service phone number Canon officejet printer support contact Canon support phone Canon consumer support phone number Canon desktop support phone number Canon Printer Service Phone Number Canon officejet technical support Canon help and support phone

Nov 21, 2017 | Pavilion Computers & Internet

Computers & Internet Logo

Related Topics:

41 people viewed this question

Ask a Question

Usually answered in minutes!

Top Computers & Internet Experts

Doctor PC
Doctor PC

Level 3 Expert

7733 Answers

kakima

Level 3 Expert

102366 Answers

David Payne
David Payne

Level 3 Expert

14161 Answers

Are you a Computer and Internet Expert? Answer questions, earn points and help others

Answer questions

Manuals & User Guides

Loading...