Comments on: How to Get Business Loan http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html Jobs, Business and Careers Guide Wed, 28 Sep 2011 13:55:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: YG http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-12003 YG Wed, 15 Jun 2011 16:34:06 +0000 http://www.professionz.com/?p=565#comment-12003 Respected sir... I am a science student, have done my graduation and post graduation in chemistry. Post graduation was done to distance education. I am working in a pharmaceutical company in a quality control department. I want to start something of my own. a business of my own. I don't know what to do, what type of business, how to start. actually i m a gold smith by tradition. please guide me sir. I have had enough of this job business. Can you help me out sir. Respected sir…

I am a science student, have done my graduation and post graduation in chemistry. Post graduation was done to distance education. I am working in a pharmaceutical company in a quality control department. I want to start something of my own. a business of my own. I don’t know what to do, what type of business, how to start. actually i m a gold smith by tradition. please guide me sir.
I have had enough of this job business. Can you help me out sir.

]]> By: NP http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-8227 NP Thu, 24 Feb 2011 17:10:55 +0000 http://www.professionz.com/?p=565#comment-8227 Respected sir, I am pursuing B.com final year with marketing as subject and field of interest and I am very keen to start my own business by establishing a car showroom, though I am not financially sound neither have big business background, nor properties. but that doesn't mean I can't have one. My request to you is please guide me how to get a loan for rs 3-5 crore. To setup business of my own except showing me the way to my studies , I will do that to but I find my self attached to the cars very close and really keen to open a showroom of my own I have a great strategy for big profits. Thank you. Respected sir,
I am pursuing B.com final year with marketing as subject and field of interest and I am very keen to start my own business by establishing a car showroom, though I am not financially sound neither have big business background, nor properties. but that doesn’t mean I can’t have one. My request to you is please guide me how to get a loan for rs 3-5 crore. To setup business of my own except showing me the way to my studies , I will do that to but I find my self attached to the cars very close and really keen to open a showroom of my own I have a great strategy for big profits.
Thank you.

]]> By: CH http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-7752 CH Sat, 05 Feb 2011 17:43:49 +0000 http://www.professionz.com/?p=565#comment-7752 Dear Mr Wilson, Me and my husband is running a Job Placement Consultancy from that last 4 months now. This is a kind of business where we have to be patient to get money after 90 days from the day candidate joined. What so ever money we had we have already pooled in now we don't have any money at this situation to pay the rent and salary. However I am expecting a big amount of money in the month of March & I have one month to survive without money. I asked my husband to take Business loan as we have all the things which are needed legally to apply for a loan. The problem is that the place in rented and we don't think any bank will give us loan on rented property. If you can please help us with the Bank name and things needed that would be a great help for us. thanking you Regards Dear Mr Wilson,
Me and my husband is running a Job Placement Consultancy from that last 4 months now. This is a kind of business where we have to be patient to get money after 90 days from the day candidate joined. What so ever money we had we have already pooled in now we don’t have any money at this situation to pay the rent and salary. However I am expecting a big amount of money in the month of March & I have one month to survive without money. I asked my husband to take Business loan as we have all the things which are needed legally to apply for a loan. The problem is that the place in rented and we don’t think any bank will give us loan on rented property. If you can please help us with the Bank name and things needed that would be a great help for us.
thanking you
Regards

]]> By: Scott Wilson http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-6991 Scott Wilson Tue, 04 Jan 2011 17:05:38 +0000 http://www.professionz.com/?p=565#comment-6991 Mr. AJ, If you ask for a loan, they will ask for securities for sure. I can understand what is your problem and it is very important what you are saying. You can do one thing, If you will start this business, you will need some shop or some kind of asset. You can place this asset as the security and start your business. You can invest your own money in working capital and the assets you want to buy, that can be bought on loan and the assets will be on the name of the bank. You can use these assets and your security requirements will be satisfied. Better you consult some professional or take advise from some experienced person face to face there so you can get better idea. You can ask more questions if you are not happy with the answer. We are always here to guide you. Please don't lose your hope and you can get a loan for sure, 2 lakh is not a big deal for a bank and they will help you. Thank you. Mr. AJ,
If you ask for a loan, they will ask for securities for sure. I can understand what is your problem and it is very important what you are saying. You can do one thing,
If you will start this business, you will need some shop or some kind of asset. You can place this asset as the security and start your business.
You can invest your own money in working capital and the assets you want to buy, that can be bought on loan and the assets will be on the name of the bank. You can use these assets and your security requirements will be satisfied.
Better you consult some professional or take advise from some experienced person face to face there so you can get better idea.
You can ask more questions if you are not happy with the answer.
We are always here to guide you. Please don’t lose your hope and you can get a loan for sure, 2 lakh is not a big deal for a bank and they will help you.
Thank you.

]]> By: AJ http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-6951 AJ Sun, 02 Jan 2011 17:28:38 +0000 http://www.professionz.com/?p=565#comment-6951 hi, Scott I would like to know from were i will get loan for milk production business. As, bank always ask for security, but if we have security amt. we would have started the business with that amt. I don't understand why they ask for these. Than what is the meaning of loan. Plz advice me as i have 2 lacs but i need another 2 lacs to start my business. I have read in many newspapers that govt. Has sanction 1000 's of crores of rupees for agriculture field but when we apply for loan in the bank they don't take interest in us. Why i say why. We are also very much educated and capable of running these business. But govt doesn't support us. hi,
Scott

I would like to know from were i will get loan for milk production business. As, bank always ask for security, but if we have security amt. we would have started the business with that amt. I don’t understand why they ask for these. Than what is the meaning of loan. Plz advice me as i have 2 lacs but i need another 2 lacs to start my business. I have read in many newspapers that govt. Has sanction 1000 ‘s of crores of rupees for agriculture field but when we apply for loan in the bank they don’t take interest in us. Why i say why. We are also very much educated and capable of running these business. But govt doesn’t support us.

]]> By: A D http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-5527 A D Mon, 18 Oct 2010 09:17:44 +0000 http://www.professionz.com/?p=565#comment-5527 Hello, I am a mechanical engineer. Currently working with a well known company. I would like to start building materials shop business in TX. and I need a loan to start this business. What are the bank formalities and procedures to get a loan? Please explain in detail... Hello, I am a mechanical engineer. Currently working with a well known company. I would like to start building materials shop business in TX. and I need a loan to start this business. What are the bank formalities and procedures to get a loan?
Please explain in detail…

]]> By: S T http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-5402 S T Thu, 07 Oct 2010 15:35:33 +0000 http://www.professionz.com/?p=565#comment-5402 Dear sir I am a student studying MBA. I would like to start a business. I am planning to open a mobile store. so far I do not have any experience or income tax return but I have other documents like pan card,ration card. So can I get a trade loan and if so how much? Dear sir

I am a student studying MBA. I would like to start a business. I am planning to open a mobile store. so far I do not have any experience or income tax return but I have other documents like pan card,ration card. So can I get a trade loan and if so how much?

]]> By: B K http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-3991 B K Wed, 28 Jul 2010 08:59:46 +0000 http://www.professionz.com/?p=565#comment-3991 Hello Sir, I am currently director of one company and partner in two companies. My core area of working is in the field of laser technology for cutting, marking ,engraving on metals, non metals and diamonds, I am planning to start a new venture where I am looking forward to build the laser systems, trade the systems and use the systems for job shop. I would like to know can I get the loan from bank or institution if I form an new company where I will be partner or director? My requirement will be in steps and total would vary from 2cr to 8cr in a year. Please do give your valuable suggestion. Hello Sir,

I am currently director of one company and partner in two companies. My core area of working is in the field of laser technology for cutting, marking ,engraving on metals, non metals and diamonds,

I am planning to start a new venture where I am looking forward to build the laser systems, trade the systems and use the systems for job shop.

I would like to know can I get the loan from bank or institution if I form an new company where I will be partner or director?

My requirement will be in steps and total would vary from 2cr to 8cr in a year.

Please do give your valuable suggestion.

]]> By: Scott Wilson http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-3139 Scott Wilson Tue, 01 Jun 2010 03:18:08 +0000 http://www.professionz.com/?p=565#comment-3139 Mr. Aditya, In every field it is important to gain some experience and then start the business. If you have some experience, you will not have to wonder so much and find the work experince. If you have experience, you may be in a better position to select the suplier, consumer policy, procesor, transporter etc. It is difficult for you to get this much of amount as a loan. As far as margin is concernrd, they will definitely ask for more that 20% as the margin. It is difficult but not impossible to get the loan so don't lose the hope and gain some experience and then prepare a project report to get the loan. Thank you. Mr. Aditya,
In every field it is important to gain some experience and then start the business. If you have some experience, you will not have to wonder so much and find the work experince. If you have experience, you may be in a better position to select the suplier, consumer policy, procesor, transporter etc.
It is difficult for you to get this much of amount as a loan. As far as margin is concernrd, they will definitely ask for more that 20% as the margin.
It is difficult but not impossible to get the loan so don’t lose the hope and gain some experience and then prepare a project report to get the loan.
Thank you.

]]> By: Aditya http://www.professionz.com/in/businesses-in-india/how-to-get-business-loan.html#comment-3117 Aditya Sat, 29 May 2010 17:25:06 +0000 http://www.professionz.com/?p=565#comment-3117 dear sir, i am a student studying in germany.i would like to start a car dealer showroom with a partner in delhi.most of the blogs says we need 2 years of experience in the business? can you please tell me whether i will be able to get a huge loan(rs-100,00,000)within a month for my new business.i am ready to give the showroom papers as security.will i have to give any margin? Aditya, dear sir,
i am a student studying in germany.i would like to start a car dealer showroom with a partner in delhi.most of the blogs says we need 2 years of experience in the business?
can you please tell me whether i will be able to get a huge loan(rs-100,00,000)within a month for my new business.i am ready to give the showroom papers as security.will i have to give any margin?
Aditya,

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