Getting a business loan in 2020 is not difficult - only if you have a right approach and understand the basic principles governing the financial industry. A project is always funded after adjudging the ability of the project owner that he will be able to repay the same or not? JV Investors or loan lenders do not offer funds just because the borrower has sent them an email or a business plan which seems to be very promising. Hence they take the help of professionals who review the project offered, carry out due diligence on the applicant and a team of underwriters inspect the proposed site of the plan to determine that whatever the borrower has explained in his business plan is in reality the exact situation.
All this is not free. It costs money. Hence all lenders, who we represent, ask us to pre-qualify every project owner. Such projects are funded only when the project owner is ready, willing and able to furnish collateral security in the shape of a Bank Guarantee or SBLC of that amount which he seeks as investment from the investor. This step is also considered as a test of the project owner to judge how serious and confident he is in the project for which he seeks funding. The problem with all entrepreneurs is that they want millions of dollars without spending a penny.
Millennium Consultants network of lending institutions stretches across the globe - on every continent - and in several major cities. Loads of objections against broker retainers fees have been raised on various business forums. But the borrowers need to understand that it takes money to make money - and it takes money to buy money (loans) - somebody's due diligence must be paid - if a borrower seriously wants a loan.
Business owners are faced with challenges and opportunities on a daily basis, many of which require having cash on hand. It is essential for your business to have access to the funding you need and it’s no secret how difficult that can be.
Millennium Consultants can arrange small business loans ideal for SMEs in the UK whose businesses are growing or have the potential to grow. With our small business loans, you will have flexibility and ease-of-use while solving your business funding needs. Securing business funding in the UK has never been easier! Contact us for further details.
Unsecured Personal Loans
An unsecured loan is a loan that is issued and supported only by the borrower's creditworthiness, rather than by any type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan, and it is also called a signature loan or a personal loan. Borrowers generally must have high credit ratings to be approved for certain unsecured loans.
Because an unsecured loan is not guaranteed by any type of property, these loans are bigger risks for lenders and, as such, typically have higher interest rates than secured loans such as mortgages or car loans. If you don’t make the payments, you may incur additional charges. This could damage your credit rating. Also, the lender can go to court to try and get their money back.
Millennium Consultants can help you fetch a personal unsecured loan from £ 5000 to £ 25000 depending upon your monthly income and expenditure. You may contact us for further details.