D
Yes I agree that becoming a member from cooperatives gives an advantage to certain things which some banks could not really offer.But then members get some additinal previliges over the non members from the such societies! I am member of such Co operative societies where we get better rate of interests on our fixed deposits when comared to other banks!
Well, I think that if you want to start any kind of a small business, its always better to arrange for the money on your own. The loans offered by any financial institution would incur huge interest rates and I don't think that it is worth to be in debt right from the beginning when it comes to starting your own business. You can work online for some months and try your best to earn the amount of $ 400 to $ 500 and I am sure it will give you a lot of confidence for your future endeavors.Hey guys ,, i need any platform to get small short term loans easily for starting my Online related bussiness
,related to crypto currency !!,i only require 400-500$ .
Help me -
Thankyou !!.
Which online business do you want to start? Where are you based? I think raising $400-500 should not be a big issue. You could ask your family or friends to lend you money, in return you can give them some share in your company, and a promise to return back the borrowed money within a stipulated time. For that you need to have a solid business model and your business should be profitable. You could also try P2P lending service, Lending club or a website known as Prosper.Hey guys ,, i need any platform to get small short term loans easily for starting my Online related bussiness
,related to crypto currency !!,i only require 400-500$ .
Help me -
Thankyou !!.
Wow! that is great but if there is no collateral or security how can the beneficiary be accessed if he or she fail to pay back the loan and decide to abscond from the region.I don't know in which country you live but i you were a citizen of India you could get this amount easily from any nationalized bank under "Startup" scheme. Under this scheme an amount up to $1500 (INR 100000) is provided without collateral security.
Hey guys ,, i need any platform to get small short term loans easily for starting my Online related bussiness
,related to crypto currency !!,i only require 400-500$ .
Help me -
Thankyou !!.
They believe that existing businesses already have the market size and potential to survive through the records submitted while applying for the Loan but for start up no guarantee for sustainability.Banks mostly now gives loan to existing business, business that are already in existence will get loan faster than startups especially without a good collateral to show.
That's the whole idea and it has been working for them.Even me as a person it will really take a very close person to get a loan from me to start a new business I will be very sceptical,so it's same with banks.They believe that existing businesses already have the market size and potential to survive through the records submitted while applying for the Loan but for start up no guarantee for sustainability.
It is the more reason why if one starts a business in small scale with his or her own money is far better than loan. Loans are meant to expand a business mostly.That's the whole idea and it has been working for them.Even me as a person it will really take a very close person to get a loan from me to start a new business I will be very sceptical,so it's same with banks.
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