Question by Mike C: Where can i get a start up business loan with bad credit and no collateral? I have developed a new product and method that will reduce the spread of infectious diseases and the use of water in public. I have 3000 pages of reseach and a 29 page business plan. Best answer for Where can i get a start up business loan with bad credit and no collateral?:
Answer by robin_mauer
You have done 3,000 pages of research? Or, you mean you have downloaded 3,000 pages of research and haven't read all of it? Call Du Pont.
Answer by John M
Is your invention patented? I'd start there. If you are granted a patent, you'll have an easier time getting investors interested.
Answer by Carla
Small business loan are a great financial help for small business owners. Without monetary support, a business, whether it is big or small, can not be run smoothly. With a small business loanit could be commercial or personal. Oppositely, the unsecured option comes without any such requirement. This option is appropriate for those entrepreneurs who are not interested in pledging their property against any loan.
Answer by Initial Underwriting Group
A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business. However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are. When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own. Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $ 300-$ 900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information. Good luck, Ilya Bodner Small Business Owner Initial Underwriting Group
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People affected by bad credit history takes the option of unsecured loans bad credit because they are not ready to take the funds against any asset registered with their name.
All those non-homeowners have this wonderful, problem solving technique that they can have in the time of financial emergency. And even home-owners or any individual who does have an asset can also apply for this loan because it doesn’t mean that if a person has an asset to pledge as security then its mandatory for him to do this, maybe he could be one of those who don’t like to take any risks against the property.
Unsecured loans bad credit is the best convenient option for certain expenses like wedding purpose, holidays, house renovation, purchasing a car and other expenses of such nature and amount.
Here the individuals can avail £1000 to £25000 of unsecured funds depending on his requirement. The borrower should take amount with utmost care because here the circumstances are different than normal secured fund service, the rate of interest is high because the company is allowing the bad credit record holder also.
Some applicants consider this interest too high but considering some emergency situation this service can really be a big help. For some people it is always advisable to take these funds and solve their problem rather than searching for waiting for some other sources because some expenditure cannot be put on hold.
This service benefits both the party because the lending party will always look for more customers and with the type of benefits that they are providing to their customers certainly they are attracting more and more borrowers. The borrowers who don’t have any asset nor they have any satisfactory credit history to show to the lenders always find this facility as the best option to satisfy their needs.
The company gives a repayment bracket of 1 to 10 years to the borrower. The repayment period is one of the main factor in deciding the figures of the interest amount. Related Unsecured loans bad credit - no collateral and no credit check Issues
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