In starting the business and growing the business. Of course we need the capital that is not little. one source of capital that we can use is to borrow at the bank, to obtain capital loan from banks is not as easy as it seems.
Capabilities (capacities) we have to repay the loan will be assessed by the bank that will provide loans. Bank will assess the ability of borrowers to analyze the feasibility of proposals that we make. If we propose borrowing for businesses, we also assessed the ability of the business history that we have done so far based on our financial statements.
We must make sure that our proposed loan amount in accordance with bank rules. Installment loan amount is generally adjusted to the ability or your income every month. If you currently have other credit, of course this will reduce the maximum loan amount you can get. The bank will analyze your finances in order to get a loan to suit your current finances; your goals do not have difficulty in repaying the loan. So do not be shocked if the approved loan is not like your expectations.
It is better if we choose the credit or unsecured loans, but you should still consider the letter of loan agreements that have been made. Unsecured loan today is easy to find. These loans are not risk the loss of your personal property. Interest on loans is much cheaper than credit card interest.
It has become a general guideline in any bank that effort could be given a credit facility or financing business is already running at least two years. Because banks also need to know how the track record of business to determine whether the effort is worth to be given credit or not. As for the new venture will certainly be difficult to be approved, of course, banks do not want to risk the credit disbursed in the new venture goes.
However that does not mean that you cannot develop a business just because they cannot get loans from banks. There are still many ways to work around.
Do not dwell only on the bank to get a loan, sometimes easier and cheaper to obtain loans from private individuals. Especially those close to you and believe with confidence and your performance to run the business.
If banks cannot give us loan, and the individual was somewhat difficult, there are financial institutions other than banks. For example, payday loans online that can provide loans for venture capital. Requirements could be easier, with the compensation amount of capital poured into the smaller interest as well.