Get a business loan

How do we get a business loan for the first time in India?

Hellooo. :blush: I just looked this up and it seemed comprehensive enough to assist you through the process. I am not from India though so I’m not really sure about this but good luck. :slight_smile:

https://www.bankbazaar.com/personal-loan/business-start-up-loan.html

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To trade with? I’d be amazed if they let you do that. For another business, probably best consult a proper advisor. Banks will want information before giving you a loan

Yeah I was wondering what the loan was for. Might be in the wrong forum. :sweat_smile:

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It looks like ria_rose helped them either way, I hope they figured it out.

The broker grants a temporary loan everytime we place a trade. Best practice is to tap into every possible source of capital and reserve for higher probability trades. This way your wins are directly behind a greater percentage of growth. Maybe make a list of prospectful loaners and then add in broker leverage after, should equal total buying power.

Divide overall cross broker buying power by current total balance. The higher this ratio the safer you will be along the way, contrary to the popular belief that leverage creates risk. Leverage actually lowers overall risk of losing what really matters to me, and its not my initial investment. I value two things the consistency of my system and the price of my time. Capital increases both.

If leverage increases overall risk for you, then you need a better system.

Applying for startup business loans is simple, quick, and hassle-free and need to do a business entity search to name a business after. Numerous financial institutions and banks have empowered web-based applications for candidates to exploit. They should simply visit the authority site of the loan specialists, top off the structure given, and transfer a couple of records. The pace of revenue charged by the bank will rely upon the advance sum profited by you and the reimbursement residency.

Trading with leverage using leverage sounds a bit risky to me…

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Contact your bank for details.

I’m new to this forum but I hope I can still help. If you’re looking to get a business loan for the first time in India, there are a few things you can do to increase your chances of approval. Firstly, make sure you have a solid business plan in place that shows how you will use the funds and generate income. Secondly, make sure your personal credit score is in good standing.