Do you think banks are unfair in always denying new proposed businesses loans to start?

[Fidelia]

It is very difficult, if not impossible for a bank to give a new business that just wants to start loans. No matter how glossing the business plan might be, it is always the same story of not being able to fund a business that is not well established.

Do you thinks banks act unfairly to new potential businesses by not giving them loans?

 

[eLdavis]

Though it might seem unfair to those who got denied, but i don't think its unfair. They also have to protect their capital and be sure of the business they are about pumping money into.

 

[King Belieal]

When I was denied loans by banks when I wanted to start, I actually felt the bank was not being fair to me. Now I am grateful they didn't give me that loan.

 

[Min George]

A proposed business has nothing more than a business plan. Why would a bank issue out loan just on that basis?

 

[Trush Jodie]

Even if I own a bank today, I too won't disburse business loans to new businesses. They need to show what they can do with funds overtime before the access loans.

 

[Augusta]

No they are not being unfair. A new business can be really challenging and if you are not careful you lose big and if it was a loan you might find it very difficult to pay back

 

[magnus2022]

It is very difficult, if not impossible for a bank to give a new business that just wants to start loans. No matter how glossing the business plan might be, it is always the same story of not being able to fund a business that is not well established.

Do you thinks banks act unfairly to new potential businesses by not giving them loans?

If banks continue to throw their money around without proper research and plan, it will not be long before the bank will go bankrupt.

 

[Augusta]

They are not you don't have to leave your money in the hands of a beginner it might not survive