Did You Ever Have Problems With Securing a Business Loan?

[Nomad]

Without collateral, you won’t qualify for a loan. But having a collateral isn’t enough for securing a bank loan. You might also need to have a business that is already functional so that the banks can trust you. Securing a loan from a bank is much easier if your business is operational and if you have collateral. In our country, business loans can be processed in about a week. Did you ever have problems with a business loan?

 

[Min George]

I have never applied for a business loan before. And I have heard that a business loan is quite difficult to get here. They always need guarantors for such loans.

 

[Augusta]

I'm yet to get a business lodm but I know that I would not have issues with it if I decided to and that's the truth.