Any suggestions on obtaining a business start-up loan with no credit check? or is this impossible? - no credit check business loan
Unfortunately, this is not possible. Commercial loans are very risky, because the statistics show that 80% of start up businesses in the first year not to. 90% of companies with an error in the first 5 years.
Banks are in business to make a profit, not lose money on subprime loans.
Given these facts, any banker you want to have a lot of money invested in the outcome of your business. So it will be much more motivated to get your business to be successful, because if not lose money.
Good luck.
Thursday, December 31, 2009
No Credit Check Business Loan Any Suggestions On Obtaining A Business Start-up Loan With No Credit Check? Or Is This Impossible?
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