How much loan can I get for my Private Limited Company to purchase a place for office?
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Friends I have registered a Private Limited Company & it's network marketing company. I want lone to purchase a place for office use.How much loan can I get & does it depend on the shared capital ?Is mortgage necessary?Do I need guarantors?Which bank should be given preference? Any other related information or suggestion is welcome. Please help me . . .
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Answer:
Without a stack of papers - Mission statement, business plan, start up cost and a running budget, some degrees, money, work experience and references - NOTHING. Peace.
Tejas Lahudkar at Yahoo! Answers Visit the source
Other answers
YOU PERSONALLY would have to apply for and guarantee any loan unless your company has been in business a number of years and making profit of at least 100,000 a yr and has already established business credit with the credit bureaus rent a place - that way, if your business fails, you are not stuck with a big mortgage payment and it may take a long time to sell the building
Zarg222
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