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Key Business Loan Issues....
Tags :
startup, funding, loans, loan funding, business loans, loan issues, business loan issues
Industry :
Banking, Asset Management, Hedge Funds/VCs/Private Equity, Insurance
Functional Area : Success Stories, VC funding, Getting Started |
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About "Key Business Loan Issues...." topic:
When you start a business, you generally have two ways to raise capital: loans and equity contributions. There are some obvious disadvantages to loans. They require you, for example, to pay back the lender whether or not the business is successful, which is not the case with equity contributions.
But the advantage of a typical loan is that if your business prospers, the lender is only entitled to an interest return on its loan -- not a percentage of the profits or a share in the company that an investor would expect.
So, lets discuss on some related issues here....
But the advantage of a typical loan is that if your business prospers, the lender is only entitled to an interest return on its loan -- not a percentage of the profits or a share in the company that an investor would expect.
So, lets discuss on some related issues here....
3 debates
, 5 idea contests
, 2 question
on topic: "Key Business Loan Issues...."
Prev1NextShowing 1 - 10 of 10
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(rate this)
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1
Due date
2
Security For procuring the Loan.
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Dwijendra Sharma
| Added idea
"Security For procuring the Loan."
| 1 year ago
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This is the main issue for many who go for Business Loan as per my understanding.
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Veena Gupta
| Added idea
" Defaults"
| 1 year ago
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The lender may define a variety of events that will constitute a default on the loan, including failure to make any payment on time, bankruptcy, insolvency and breaches of any obligations in the loan documents. Try to negotiate advance written...
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ALFREDO N. RAMIREZ
| Supported idea
"Security For procuring the Loan."
| 1 year ago
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I share D. Sharma's position that security on the part of the lender is of great importance before a borrower can secure a loan, most especially for first time borrower. In addition, the " first time " borrower would find it difficult to secure a...
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Ideate: "What are the different issues one can encounter before getting a business loan? " deleted from your view.
Answer: "How anyone can get loan for new bussiness?" deleted from your view.
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(rate this)
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Answer: "what is the CST rate of west bengal without form c to register dealer" deleted from your view.
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(rate this)
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1
What should I consider before joining compatition?
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Nkululeko Ngubane
| Added idea
"What should I consider before joining compatition?"
| 1 year ago
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I think security is most important, as it will enable you to make forward budgeting.....
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Ideate: "Things to consider before joining compatition." deleted from your view.
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(rate this)
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finance as per needbase of the application.
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6
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VS |
3
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finance as per the project and requirements of project.
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Suryanarayan Murthy
| Argues in support of
"finance as per needbase of the application."
| 1 year ago
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In fact the need based finance comes into picture when the unit is not servicing its committments. Bank will finance against a firm order to cover expenses to make the product (need based finance), collect the bill directly and adjust a major...
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Iranna
| Argues in support of
"finance as per the project and requirements of project."
| 1 year ago
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Both seems to be same. Project or application r the same faces. Wat u do develop is project until it become application when it finishes
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Debate: "Need -Base finance" deleted from your view.
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(rate this)
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1
Specialty Lenders
2
Surety given by a credit worthy person
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Suryanarayan Murthy
| Supported idea
"Specialty Lenders"
| 1 year ago
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Many of the Banks like SBI, Axis, IDBI have an Interanl Credit Rating system based on which the interest rate is fixed. This credit rating takes place annualy (during the renewal of the loan). Based on the annual rating the interest rate will vary...
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s.baalu
| Added idea
"PROFITABLE PROJECT"
| 1 year ago
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CHANCES OF GETTING LOAN IS BRIGHTER WHEN THE PROJECT IS DEFINITELY PROFITABLE.
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Ideate: "How to get loans for business owners with poor credit? " deleted from your view.
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(rate this)
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1
Business plan
2
Asset profile, Guaranteer,Insurance Papers , If you are already in business then turnover report
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Biswajit Sarma
| Added idea
"depends"
| 8 months ago
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3 months salary slip, 6 months bank statement, last 2 years form-16, identity proof, passport photo, PAN card photocopy are reqd if u want to take loan (for employess only)
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Shashi Kumar U
| Added idea
"Depends on the type of loan"
| 1 year ago
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Documents the banks wants will depends on the type of loan you want. Bank itself will give you a check list of documents they want based on your loan requirements, the type of account you hold with the bank and the purpose of the loan.
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Biswanath Dutta
| Supported idea
"Business plan"
| 1 year ago
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The project report or the techno feasibility economic viability report of on the project is the first important document for a new loan proposal
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Ideate: " What are the documents you need to have for a bank loan?" deleted from your view.
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(rate this)
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Yes
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8
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VS |
17
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No
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Suryanarayan Murthy
| Argues in support of
"No"
| 1 year ago
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I dont think banks are gender biased. In fact they extend more support to women entrepreneurs, because they meet their committments on time.
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Hetal Samani
| Argues in support of
"Yes"
| 1 year ago
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yes sometimes as they have other responsibilities as well apart from jst business..
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Shashi Kumar U
| Argues in support of
"No"
| 1 year ago
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I don't think so all banks have large women staff even holding senior position. So the question of gender biased view does not arise. I personally know women business people doing well even exporting with the help of banks.
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Debate: "Are banks biased on the gender of a business owner?" deleted from your view.
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(rate this)
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1
REPAYING CAPACITY.
2
Not knowing your credit rating
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Vipin Bhasin
| Added idea
"Improper Reason For Utilization"
| 1 year ago
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To provide proper reason for the utilization of loan is necessary. So it is one of the mistake generally made by people while applying for business or personal loan. We should have clear the area of utilization of money(loan) while applying...
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Rathin Deb
| Supported idea
"Not knowing your credit rating"
| 1 year ago
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I agree with Veena since it is absultely important to know your credit ratings before approaching the banks for loan/advance.
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Badri N Srinivasan
| Supported idea
"REPAYING CAPACITY."
| 1 year ago
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Some of the key mistakes made while applying for a business loan are - 1. Past credit rating of the organization before applying for the loan. 2. Eligibility Criteria to be fulfilled for availing the business loan. 3. Important factor - Repaying...
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Ideate: "What are mistakes generally made while applying for business loans?" deleted from your view.
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(rate this)
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borrower alone should be liable as he is the only beneficiary
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16
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VS |
11
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Guarantors should repay when borrower is not able to repay
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Puvvada Praveen
| Argues in support of
"Guarantors should repay when borrower is not able to repay "
| 8 days ago
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WHO CARES It has become an advantage to the borrower now, he is waiting for the bank to take action against the guaraantor by exhausting all his assets.Later he wants to go to the bank and settle the dues. In my case the principal borrowers...
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SUMEET DIKSHIT
| Argues in support of
"borrower alone should be liable as he is the only beneficiary"
| 3 months ago
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If you do not have a guarantor you do not get loan and if you get he gets liable.Guarantor should be only limited to questioning/help in moan recovery via no coercive measures but no way he should be made to pay for the simple reason that he never...
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Ajay Chaudhari
| Argues in support of
"Guarantors should repay when borrower is not able to repay "
| 10 months ago
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If one becomes a guarantor, then there should be some responsibility on his/her shoulder, otherwisse whats the point of a guarantor?
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Debate: "Supreme court decision says Guarantors are equally liable for repayment of loan, on the basis of loan documents. " deleted from your view.
Prev1NextShowing 1 - 10 of 10
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