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That depends on the laws of the country in which you live or intend to set up business. The best thing to do is employ the services of a solicitor / attorney to advise you. In the US there are specific regulations regarding the interest you may charge as well as how you manage accounts.
What else can I help you with?
How do I register a cash loan business?
You must obtain a business license from the municipality where you wish to establish your business. Since a loan business also qualifies in many states as a loan/banking/finance business you will probably need a state license to operate. Contact your state's Secretary Of State office, which is the state agency for registering most businesses.
How Does The Business Cash Advance Program Work?
Your business can get a business cash advance or another sort of unsecured business loan. No collateral is needed. The form of business loansavailable is dependent on your business profile and cash flow.
What are the requirements for an SBA loan?
Some requirements for a SBA loan would include: the company would have to provide the bank with a description of the type of business, the purpose of the loan, personal financial statements, business financial statements, &the loan request.
What is the largest amount one can get a loan for from MoneyToday?
MoneyToday sets your maximum loan amount based on the average cash flow of your business. One example is that if your business averages a cash flow of $10,000/month, then you could qualify for a business loan of $310,000 over a period of 36 months.
What requirements are there to get a small business loan?
The requirement for a small business loan would be debt asset ratio, credit worthiness and ability to pay.
What are the eligibility requirements for a cashflow loan?
To be eligible for a cashflow loan, a business typically needs to have a steady stream of revenue and a positive cash flow. Lenders may also consider the business's credit history, time in operation, and financial stability. Meeting these requirements can increase the chances of approval for a cashflow loan.
How do I register a cash loan business?
You must obtain a business license from the municipality where you wish to establish your business. Since a loan business also qualifies in many states as a loan/banking/finance business you will probably need a state license to operate. Contact your state's Secretary Of State office, which is the state agency for registering most businesses.
If you already have a business loan can you still get a business cash advance?
Cash advance is not a loan; however an advance. As long as you make sales and receive credit cards as a payment medium, you can qualify for a business cash advance.
What are the disadvantages of getting a cash advance loan for my business?
were can i applied for a personal loan
How much cash will I need to get my business loan?
This will be based on the type of business loan. In some instances you may not need any cash. For a purchase, you'll need to contribute a portion of the loan amount in cash, and this will commonly be between 10% and 25%.
How Does The Business Cash Advance Program Work?
Your business can get a business cash advance or another sort of unsecured business loan. No collateral is needed. The form of business loansavailable is dependent on your business profile and cash flow.
What are the requirements for an SBA loan?
Some requirements for a SBA loan would include: the company would have to provide the bank with a description of the type of business, the purpose of the loan, personal financial statements, business financial statements, &the loan request.
When would the appropriate time be to consider a business equity loan?
The most appropriate time to consider a business equity loan would be during periods where cash flows and cash reserves are scarce. By obtaining a business equity loan during this period, would ensure continued capital for the business.
What is the largest amount one can get a loan for from MoneyToday?
MoneyToday sets your maximum loan amount based on the average cash flow of your business. One example is that if your business averages a cash flow of $10,000/month, then you could qualify for a business loan of $310,000 over a period of 36 months.
What requirements are there to get a small business loan?
The requirement for a small business loan would be debt asset ratio, credit worthiness and ability to pay.
Can I borrow cash for a loan?
Yes, you can borrow cash for a loan, but you will need to meet certain requirements and agree to pay back the borrowed amount with interest over a specified period of time.
What are some common requirements for a business loan?
Generally, an individual or company who is looking for a business loan will need to present identification, evidence of a sound business plan, and collateral.
