subject: Start Up Business Loans- Start Your Business On The Right Note [print this page] It is time to live your dream nowIt is time to live your dream now. If you daydream of starting your own trade venture but are unwilling to make it a truth fearing the huge amount of monetary investment required for it, then the Business Startup Loans is the ultimate answer to all your uncertainties. Now everybody can become a businessman with this scheme and that too in a very short span of time. These credits are specially introduced for people who are looking forward to start their own new business enterprise.
Start up business loans are further categorized into two forms; namely-The Secured and the unsecured form. The rate of interest in the secured form is considerably lower but then the applicant has to place certain security as a guarantee against the amount withdrawn. Contrary to this, in the unsecured form the rate of interest is on the higher side but the applicant is not liable to place any collateral.
The amount that you are provided under the secured form ranges from 500 to as high as 100,000. The repayment term varies from 5 25 years. In case of the unsecured form it ranges from 1000 to 25000 with a repayment term for 1 10 years.
The application procedure is very simple and quick. You need to fill an application form giving all the necessary details. You must make sure that the information you submit is true. A single form is to be filled. Once the application form is accepted and approved, the lender will transfer the funds into your bank account.
The conditions to be followed for approval of this credit are:
He should be a citizen of UK.
He should be an adult of 18 years.
He should have an active bank account.
He should be employed.
He should have a minimum salary off 1000.
by: John.Michel
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