Challenges to Getting a Loan for a Website Biz

[Jason]

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.

 

[Kane]

If you are planning an ecommerce site, an online store, a mobile app or some highly ambitious projects, you will definitely get a loan form a bank provided you fulfil the requirement such as getting coleretal, writing a proposal, registering your busines,s etc.