All
banks see if you are able to repay the loan. Having a low credit score and no
collateral is not considered reliable.
Solution:
Now
you already have many more options. Try in those banks where there are no such
conditions.
Low Cash flow
Statmenet
If
you are not making a steady profit then it will mean that you are not running
your Business
Loan properly and because of this you will not get a loan.
Solution:
Use
the accounting software that gives you business reports, monitor your cash flow
with the help of these reports and take correct decisions.
Softaware
Transcation
78%
of merchants keep their accounts on paper which is lost over time. Sadly, all
banks demand a systematic financial statement of the business.
Solution:
Use
accounting software to digitally manage your account. Due to this, any
information related to the business can be seen immediately.
When
you have no previous performance, it becomes more difficult to get a loan. Make
yourself reliable before applying loan.
Solution:
If
you are going to Business Startup Loan for the first
time, find other sources such as family, relatives, friends, credit cards and
small business loans from the government.
The
bank should know where you are going to invest your money. If you do not have
the right objective, then there is a small possibility that you will be given a
loan.
Solution:
Why do you need a loan Do you want to buy the necessary equipment,
or buy inventory, or repair your shop? Give a concrete purpose for taking a
loan.
Call
Us For FREE APPOINTMENT To Check Out Our Loan Solutions !! Call Now 9811773199 or Email : loans@rupyaapaisa.com
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here for more details: http://rupyaapaisa.com/
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