Process for business or personal loan
- Determine your business or personal loan needs: Before applying for a loan, you should have a clear idea of how much money you need and what you plan to use it for.
- Check your credit score: Your personal credit score can play a big role in whether you're approved for a loan and what interest rate you're offered.
- Prepare your business plan: A strong business plan can help you secure a loan by showing lenders that you have a solid plan for using the money and generating revenue to pay it back.
- Gather financial documents: Lenders will want to see financial documents such as tax returns, bank statements, and financial statements to assess your business's financial health and ability to repay the loan.
- Sign up an agreement with us to source loan for you. We will charge you a small success fee for the same.
- Apply for the loan: Once we've chosen a lender, submit your loan application and any required documentation. Be prepared to answer questions about your business and financials.
- Wait for approval: It can take several days or weeks for lenders to review and approve your loan application. Be patient and follow up with us if necessary.
- Review and accept the loan terms: If you're approved for a loan, review the loan terms carefully to make sure you understand the interest rate, fees, repayment terms, and any other conditions.
- Use the funds wisely: Once you receive the loan funds, use them as planned and make timely payments to avoid defaulting on the loan.