In case of a business loan, you can apply for a loan by either using any of your collateral security which can be any of your assets, personal or commercial.
However, in case if you don’t collateral then your profit and loss account statement and Bank account statement can prove helpful. Willingness to repay your loan will be checked by the bank from your past repayment history and a Credit Score will be generated.
In case of a business loan, you can apply for a loan by either using any of your collateral security which can be any of your assets, personal or commercial.
However, in case if you don’t collateral then your profit and loss account statement and Bank account statement can prove helpful. Willingness to repay your loan will be checked by the bank from your past repayment history and a Credit Score will be generated.
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