I need to borrow money (working capital), but do not have mortgage/collateral.?
442933
Yes, may be u do this already, if not, start to give 7 % discount for payment on the spot. PLus give 4% discount for payment within 2 to 15days. after a month charge a some percentage. Tell your clients that u pay so much interest for money they are blocking. (u will lose little bisuness in the beg. but in the long run the market will do the same)\nFor now call all clients and tell them they will receive a 4% discount if they make the payment in 2 weeks after that they will be charged  the bank rate or something u think is appriopriate. But dont be scared, If your product, price and service is good, lost customers will be back. have some patience also. start contacting some other sellers and tell them to do the same.
656250
You don't,  Most banks won't lend on a mobile home.  If you do find a loan the interest rates will be HIGH!
288215
Well, first off you need to figure out how to get the capital so you can have cash on hand at all times to be able to buy properties when yu see them, rather than waiting on a mortgage to go through.  \n\nThe best way to start is a couple ways.  1.)  Find a money partner.  Someone that has the money on hand and make sure that his split is more than yours for the time being until you have your own money.  2.)  You could finance the first couple of homes.  I deal with a couple investors and this is how they have started.  I do these types of loans, so if you would like more information, feel free to contact me at timothy.kazee. com and we can talk about this more.  \n\nFinancing the proerties is going to be your best bet for right now.
552718
I would call it Cash :)  You can short some 10-20 year bonds and use the money too...  Use options...  It would be really hard any where in the world to get loans for assets without any colleteral or credit history.  You can also loan money form loan sharks, yet I would not advise.  \n\nOn a brighter side, there is low interest housing loans (very popular now adays)  from major international and Turkish banks, your house would be a colleteral, yet they will more than likely as for some down payment or documentation of income.\n\nThe Mortage law is about ready, it was to be instated this year, but it looks like they are going to take about another year to pass all the changes necessary to allow Mortages.  Yet the markets have created (with the above means) a mortage like market.  If you are qulified you can get a loan for less than 1% a month...
666490
I am a banker, and without security, you will not get a loan. \n\nJust a bit more information, the highest risk is the restaurant industry, because it is a very fickle business, high turnover and lots of possibilty of pilferage (theft) from employees. \n\nThe equipment has a very low resale value, less than 60 cents on the dollar to re-sell.  Which is why lots of liquidators have old restaurant equipment & supplies for sale. \n\nAt the minimum, you will need to guarantee your loan, which means your net worth (assets) must exceed your borrowing.\n\nIn the restaurant industry, your labour costs (to pay employees is the highest expense).  You need to look at their whole business report, including their balance sheet to see the net income of the company. (what is left over, after all expenses have been paid).  \n\nGood luck to you.
292549
Ask to borrow money. They will avoid you like the plague from then on.
62803
Do you have a bank that you have any accounts in?  if you do they may be willing to make you a small loan.  Everyone has to start somewhere.   (how can anyone ever get a loan if they didn't have credit?  think about it... Everyone had to have a "first" loan - it's from that point that you will establish if you are trust/creditworthy or not) so don't blow it.  Pay that loan when you do get it. \n\nIf you don't have a bank account - you may need to have a family member co-sign  the loan for you.  You need to be sure to pay the loan off on time and you will be on your way to building a great credit for your future.
123332
I need a loan you can help me
629296
if you are getting a personal loan , yes you can use your car as collateral , providing the car is yours and doesn't already have a lien on it ( is paid for )
784923
Try community banks. Any other type of financial institution would be willing to work with you esp. with the individual guarantees. Sounds like you should have no problem so long as the cash flow from rental income is sound.
867845
1) Ask relatives and friends to buy shares in the hotel and/or\n\n 2) Ask them to give you loans, at rates of interest between bank savings a/c and mortgage a/c.\n\n3) Take a business mortgage for the rest.\n\n4) Do not forget to leave yourself sufficient working capital. More businesses fail due to that than from anything else.
480371
Sure, there are all sorts of individuals willing to lend money to people willing to use thier house as collateral.  Try searching for the terms, "individual mortgage sponsor" or "high rate mortgage" online.\n\n  \n $900,000 is a lot, though.  Good luck!
534612
use a company that compiles banks and lenders for people in the same situation as you  --- see link on my profile for more info
88089
Most lenders require a minimum of 2 trades that have seasoned for 2 yrs. If you do not have this then you will have a hard time qualifying for a mortgage. Especially an investment property.
1009345
No bank will loan you anything unless you have something to put up as collateral. Like a house.
1130491
If you are talking about a small business loan from financial institutions, you stand very little chance of getting a loan without any capital and collateral. Collateral can be personal and business assets such as house, receivables, stocks and bonds, furniture and fixtures, among others -- that can be sold to pay back the loan. \n\nCollateral provide banks with the assurance that they can get their money (or at least parts of it) back, even if you cannot pay. Even SBA-guaranteed loans as well as micro loan programs require some form of collateral to secure a loan.\n\nBanks, including the Small Business Administration will not give you 100% of the financing you need. You can read here the requirements of Small Business Administration for the small business loans that they guarantee http://www.sba.gov/financing/preparation...\n\n1. Equity investment\n2. Earnings Requirement\n3. Working Capital\n4. Collateral\n5. Resource Management\n\nThey need to see that you are invested in your business -- which means they need to see you have money before they give you money. Otherwise, it's an extremely tough deal.\n\nIf you do not have collateral or capital, you will need to have a co-signer who has collateral and can pledge to cover your loan in case you default on payment.\n\nOr you can go and pitch your ideas where investors gather. Here are some places where angel investors come and those looking for funding can come and pitch their business plans. Be sure to have a strong business plan and describe what makes your business idea stand apart:\n\nAngel Capital Association http://www.angelcapitalassociation.org\nAngel's Forum http://www.angelsforum.com \nBand of Angels http://www.bandangels.com \nCommon Angels http://www.commonangels.com \nKeiretsu Forum http://www.k4forum.com \nLaunchpad Venture Group http://www.launchpadventuregroup.com\nNew World Angels http://www.newworldangels.com \nNew York Angels http://www.newyorkangels.com \nPrairie Angels http://www.prairieangels.org (charges $125 to submit idea)\nRobin Hood Ventures http://www.robinhoodventures.com (charges $250)
637299
Dear Lender,\n\nI would like to request a ________ month/year loan for $X, the purpose of which is to ___________________. For collateral, which will have a value of at least 125% of the loan, I am prepared to grant a security interest in the following property:\n\nThis loan will be repaid from _____________________.  I look forward to discussions with you regarding this request.