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Old 22nd February 2013, 03:59 PM   #1

Join Date: Jan 2013
Location: UK
Posts: 6
Default How Much Finance I Will Get From Bank..

Hello friends, I am starting Hotel Booking business in Joomla. I want to know that how much amount of loan from the bank?

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Old 23rd February 2013, 05:45 AM   #2
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Join Date: Jun 2012
Posts: 112

hello dude it will depend on your need.And will also depend on your monthly income.You can take advise from financial adviser,who can assist you properly regarding your query.

Last edited by Logan; 24th February 2013 at 06:26 PM. Reason: removed link
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Old 26th February 2013, 05:46 AM   #3

Join Date: Oct 2011
Posts: 11

Nobody here can answer that question for you! It very much depends and it is not guaranteed that the bank will lend to you at all.

The amount they loan will depend on how much you ask for, the profitability of your business, whether you can afford to pay it back, your credit rating, and so much more.

You might want to consider other business finance options like cash advances, or even investments.

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Old 11th June 2013, 01:54 AM   #4

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Posts: 64

It's depend on your credit reports. Bank gives loan according to credit reports. And also have to impress the bank that you will return this loan properly.

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Old 11th June 2013, 05:34 AM   #5

Join Date: Feb 2012
Posts: 8

It depends upon your past credit history. You need to pay pending loans(if any) first, then you can apply for one.

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Old 11th June 2013, 07:25 AM   #6
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If you have a good credit history, then you should encounter less resistance from bankers. Otherwise, you are going to have a hard time convincing them. Unless if you have a collateral for this.

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