Tuesday, May 5, 2015

Three Case Studies on Providing an Unsecured Small Business Loan









Today we will examine three case studies for using an unsecured small business loan. These are some real world examples of people requesting an unsecured small business loan. They come from a website that processed loan request leads. The scope of this article is to help people with providing loans, not for those looking for them. We'll discuss each of them and explain if this is a good fit or not. If you are in the business of providing loans, you should consider using some of this information to build your frequently asked questions. Most of these issues were added to our FAQ.

Person 1 Writes: "I am looking for a $50,000 construction loan to complete my home project. This is my house that required extensive remodel and I have run out of
money. Currently, I have the home complete up to the new drywall and we
will be painting this week. Please let me know if you can help." This person needs more of a personal loan or a home remodel loan than an unsecured small business loan. Chances are they didn't realize that business loans must be tied into business credit and typically require a business plan as well.

Person 2 Writes: "I found your web page, but I DO NOT want my contact information shared. However, I am curious about your advertised loans. I function as a loan broker and have several clients seeking financing from commercial and residential construction loans to business secured and unsecured working capital loans. Please provide additional details regarding your ability to fund such loans." This is another common type of contact. If you deal with loan brokers or not is your choice, we aren't really structured to make that profitable.





Person 3 Writes: "My name is [name removed] from Romania I'm a company director,I have an eligible project in the food industry by European funds and I'm looking for a co-credit project. Project value is EUR 850,000, the credit that I want is EUR 250,000,my question is if you can give me that credit to complete my project. I'm willing if you can give even mortgage and i can provide you all the document you need. So,i expect your answer as soon as possible." This may be a good fit, it really depends on the nature of the project, their business plan, etc. In this case we put them in contact with a different lender as we were US based only. 

So there you have it, some real world examples of people seeking unsecured loans. We have of course removed all their personal information, but you can see the range of requests you can expect from your site.




Home School 
What is javascript 
Document 
Free download game 
Contacts 
Informations



Share:


About the Author
NerryNod

For more information, go to Unsecured Small Business Loans at rel="nofollow" onclick="javascript:ga('send', 'pageview'... 

No comments:

Post a Comment