Challenges to Getting a Loan for a Website Biz

[Jason1]

I think banks would be very cynical, even if your thing was successful. In that case, you might want to go for a general use loan. However, I could be wrong. Anyhow, with a general unsecured loan, one that can't be backed with property, you need good credit and a reliable source of income from a job, not projects from the web, probably.

 

[Busybee]

If your website offers to sell some products or services. The banks would be more willing to provide you with a loan. They treat these kinds of websites like e-commerce websites. If you have a good user base, try to approach venture capitalists with your business plan or proposition, they would surely help if your plan is viable.

 

[BrolySSJ]

I don't think that there are many banks that will give you a loan for an online website, however i am sure that this will also depend on the plan that you have as well. If you have done a lot of research and made sure to check all of it as well, in terms of surveys in your community, and it shows the potential for success, then they might be inclined to give you a loan.

 

[Grant]

I think it also comes down to your standing and credit. Most banks will give you a loan if your credit is good and you show you can pay the loan off in a reasonable time. If you don't have good standing or credit, you might still be able to get a loan, but most likely not for as much, and probably with higher interest rates and bigger payments.

The best bet, is to talk to your bank and see what they can do. They won't always give you a loan though, so your business idea needs to sound profitable as well I believe.

 

[Setho]

Every organisation has different rules and regulations to have they are going to be giving out credit or loans as the case may be. It is very important that you should dig deep to know which one is going to be best for you.

 

[Shigobad20201]

When you at setting to start any business either online and offline and you don't have enough money to start then the loan company needs your credit records to be able to borrow you money

 

[Danny4cash]

Bank will rarely gives one loan to start a website. Don't forget there's no guarantee to when the website will start beinging money. And website is no something bank can take ownership of and make profit in the borrower couldn't pay back.

 

[saoussen57651]

Bank will rarely gives one loan to start a website. Don't forget there's no guarantee to when the website will start beinging money. And website is no something bank can take ownership of and make profit in the borrower couldn't pay back.

If you have a place of work and website is complementary to that place of work then they will accord to you a loan for sure because they want to loan someone having a post office.

 

[Danny4cash]

If your website offers to sell some products or services. The banks would be more willing to provide you with a loan. They treat these kinds of websites like e-commerce websites. If you have a good user base, try to approach venture capitalists with your business plan or proposition, they would surely help if your plan is viable.

Bank look at many things today before they can give out loans. It's possible to do to get loan now from morning to afternoon. They deserve longer praying which can list of gb

 

[HK World]

Your small business may need to obtain loans in the course of its growth for a variety of reasons. Online business loans offer small businesses a convenient financing option that is often easier to qualify for than traditional bank loans.

 

[Potuse]

Getting loans for business is quite demanding and it required due diligence because you don't want to put yourself into trouble and make it a regret. You should always strive for getting loans with low interest and easy repayment.

 

[Saachi]

I don't think many banks offer online website loans, but I think it depends on the plan. If you have done a lot of research and verified everything in your community in the form of surveys and show a likelihood of success, they may be inclined to offer you a loan.

 

[frederick_9]

Each organization must adhere to its own set of rules and regulations before it can grant credit or loans, as the case may be. It is crucial that you do your research to determine which is ideal for you.

 

[eenya001]

it is not advisable to get a loan when you are just starting out your business no matter the type of business you are doing, you only need to take a loan when you want to expand your business.

 

[Laurentta]

I doubt a bank or a loan facility would take one serious if one were to apply for a loan for a website. Most banks and loan facilities only give out loans to serious business.

 

[Kvngsammy]

Anyone including yourself will want to give loans to someone with a track record and new websites or those that aren't selling anything will definitely find it difficult to get.

 

[Kane]

If your website is a proper business, with a location and registered with the local administration, you might be able to secure a loan, however, you still need colleteral.