Starting a Loan Business

Starting a loan business is an excellent way to make money while providing a service. You can use your own funds or pool in investors’ funds for initial capital. Before you can commence operations, it is necessary to create a business plan and obtain all required government licenses. Furthermore, you should create underwriting criteria for […]

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Types of Secured Loans

In business, a loan is any financial lending of monies to another party, corporations, or individuals for a specific purpose. The borrower is obligated to repay the interest on that loan as well as to fully repay the original principal amount borrowed and eventually to settle the debt. Banks are considered a source for loans […]

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