So you’ve got an idea for a business and you are ready to make your dreams a reality. Now, the only thing that stands between you and your dreams is a boatload of startup capital. If you are denied at the bank, where do you turn? What are the other options for business owners looking for startup capital?
It can be difficult for a new business to secure a loan from a bank or from money lenders. This is because new businesses usually don’t have a credit of their own, so the bank or lenders will look at the credit of the business owner. Banks will deny a startup loan application if the personal credit of the borrower has a problem. Here are five common reasons why your loan application was denied, and how to avoid such a scenario.
Borrowing from a cash loan lender is one of the many options offered to you in cases of important and urgent needs in times of financial shortage. Cash loan lenders are all over the financial industry, and for you to choose which one to apply to is part of the challenges that go with it.
Housing Development Finance Corporation Limited (HDFC) Bank is the country’s most valuable private sector bank. Headquartered in Mumbai, it has a total of 4,804 branches and 12,808 ATMs across India. The bank has a strong presence in the international markets and has established itself in Hong Kong, Dubai, and Bahrain.