I have a small business and want obtain abaoaut Rs. 2 lacs for smoothly running it. I cannot complete bank formalities. What are the other avenues for getting this support?
2007-03-22 00:13:11 · 6 answers · asked by Spider 3 in Business & Finance ➔ Careers & Employment
IF YOU CANNOT GO FOR A BANK, TRY TO TAKE LOAN FROM YOUR FRIEND.
2007-03-22 00:24:27 · answer #1 · answered by shrihanumanbhakta 2 · 0⤊ 0⤋
Hope that you are in a legally permitted business. You also want to avoid approaching to any type of bank including Rural/Grameen/Co-operative Banks etc.Does it mean that your business is not viable? Let us hope it is feasible.
Still if you think your project is likely to generate profit and repayment is not going to be a problem form a co-operative society and work as a team.Let all the members contribute and become owners of business.You take initiative and be a manager .
If project is medium size go for partnership wherein partners can contribute finance and you can manage.
If it is big enough go for a private limited company with investment from individuals as directors.You be the MD.
The other avenues for getting finance are not going to help a legal business model.
2007-03-22 01:56:01 · answer #2 · answered by Pkr 2 · 0⤊ 0⤋
No such element as a grant for that type of corporation. provides you're for non income and reducing section technologies learn and so on. now not proper properly worth each and each and all the hardship for an SBA mortgage. For the small volume of money you prefer attempt an area financial corporation, or bypass on line to discover a commercial hire corporation who will finance the truck and kit. As for initiate costs, till ultimately you will possibly be able to qualify for a small working line of credit, i'm afraid those could be out of pocket. you will possibly be able to desire to start up saving now. in spite of what you will probable be waiting to income on the cyber internet there is no loose LUNCH FOR SMALL corporation.
2016-10-19 08:06:47 · answer #3 · answered by ? 4 · 0⤊ 0⤋
If you cannot mention what is your business and what for you want finance and by what time you will be able to repay the loan, even your dearest (rich) friend also cannot help you in lakhs. When you seek some guidance from others, you should provide the basic data required.
2007-03-22 03:37:15 · answer #4 · answered by arpita 3 · 0⤊ 0⤋
bank is the best way as all other means will result in higher rates of interest and several other problems.
take care, use bank as the prime and top option.
2007-03-22 00:58:45 · answer #5 · answered by AVANISH JI 5 · 0⤊ 0⤋
go t a bank
2007-03-22 00:15:43 · answer #6 · answered by jigadee 4 · 0⤊ 1⤋