safe guard you home if a business loan is taken against it? Is there any way possible to safe guard you home if a business loan is taken against it from bank and you are not in condition to repay you business loan?
Asked by Ashish on 2009-09-14 16:09:46.
First, it depends on what is in the business loan papers.
Did you, as the business owner (or one of the business owners), personally guarantee the loan or use the house as collateral.
If you are not the business owner or did not personally guarantee the loan or use the house as collateral for the business loan, your home should not be part of it.
Second, if you file bankruptcy because of not being able to repay the loan, the home may be shielded in part, under state exemptions.
Third, take out a home equity loan for as much as you can (if you can get the loan), so that there is no profit in trying to get the home from you.
Answered by Paula on 2009-09-14 16:09:28.
A1
Q2
Are you facing any problems in getting a home loan / business loan ? Please let me know wha t type of problems are you facing in getting a Working Capital loan or Home loan in Jalandhar / Punjab only.
Asked by We buy used X-ray fixer on 2008-10-02 11:10:23.
its not easy of getting those loans you should keep the proofs of your job or of your property. if he founds them to be clear then they will sanction ur loan and then you must pay them monthly intrest . if you were failed to pay the whole loan money to them they will seal (occupie) your property i.e, which you had gave them as your proofs.
Answered by abenowwwwwww on 2008-10-02 12:10:42.
A2
Q3
I have 60K & I want to get a business loan for 225k to start a fast food franchise.? Are there any loans that I can get with a bad credit score?
Asked by msttw@sbcglobal.net on 2008-03-24 05:03:45.
WATCH OUT FOR SCAMS
Advance Fee
Just as the name suggests, Advance Fee Fraud is a specialized fraud committed using fake claims, identities, positions and in most cases, enticing, but non-existent proposals. Victims are made to pay money in “advance” before the “deal” is done – hence the name ‘Advance Fee Fraud. In an attempt to tackle the malaise, the Federal Government of Nigeria through provisions in Section 419 of the Criminal Code came up with punitive measures to deter and punish offenders.The Advance Fee Fraud section deal mainly with cases of advance fee fraud(commonly called 419) such as obtaining by false pretence through different fraudulent schemes e.g. contract scam, credit card scam, inheritance scam, job scam, lottery scam, “wash wash” scam (money washing scam), marriage scam. Immigration scam, counterfeiting and religious scam. It also investigates cyber crime cases
This section is mandated to handle all fraud cases emanating from Banks and Financial institutions. Such matters include Counterfeiting, Illegal charge transfers, Issuance of dud Cheques, Fraudulent encashment of negotiable instruments, Foreign exchange malpractices and other financial malpractices in Banks and other financial institutions.
This is the real NUHU RIBADU = notice his email address which is nothing like yours, and the list of businesses you forwarded are all under investorgation
NUHU RIBADU
No5 Fomella Street, Off Adetokunbo Ademola Crescent
Wuse II
Abuja
info@efccnigeria.org
+234 9 6441000
Legal Unit 1 Ibrahim Taiwo Road Aso Rock Villa PMB 166 FCT Abuja. Tel: + 234 9 3148070-74 + 234 9 3141791 + 234 9 6717419 Fax: + 234 9 3148074 E-mail: info@efccnigeria.org
Nuhu Ribadu was born November 21, 1960. He graduated from the Ahmadu Bello University, Zaria, Nigeria, and proceeded to the Nigerian Law School where he was called to the bar in 1984. He joined the Nigeria Police in 1986, and rose to become Head of the Legal and Prosecution Department, Force Headquarters, Abuja. After years of meritorious service to the Nigeria Police, he was appointed the pioneer Executive Chairman of the Economic and Financial Crimes Commission (EFCC) in April, 2003.
Executive chairman EFCC
Mr. Ribadu is a recipient of several awards as a police officer, prosecutor and Chairman, EFCC, which includes the Inspector General of Police Awards in 1997, 1998 and 2000 and the Special Commendation of Mr. President in 2005, for the successful prosecution of several advance fee fraud, banking fraud and sundry economic crime cases. He was also specially commended by the Accountant General of the Federation for successfully prosecuting some corrupt public servants in 1999. He was also nominated the Man of the Year by the Sun Newspaper in 2005.
He was a key member of the Economic Management Team that initiated and drove the wide ranging public sector reforms, which laid the foundations for the socio-economic rejuvenation of Nigeria.
Mr. Ribadu has been widely acknowledged as bringing to his job, a deep passion and an unquestionable sense of patriotism. He is committed to making EFCC the reference Law Enforcement Agency on the continent. He has gained a reputation of being a foremost and respected anti-corruption crusader in the world. In recognition of his modest achievements in that direction, he was promoted Assistant Inspector General of Police (AIG), by the President in March 2007.
He recently completed an LLM degree thesis on the jurisprudence of Corruption in Nigeria at the Ahmadu Bello University, Zaria, Nigeria, in fulfillment of the requirements for the award of Master of Law.
Mr. Ribadu’s modest achievements in EFCC, most notable amongst which are the de-listing of Nigeria from the FATF list of Non-Cooperative Countries & Territories, admission of Nigeria into the Egmont Group and the withdrawal of the US Treasury advisory on Nigeria on the FINCEN. He has also attracted donor support from the European Union (EU), UNDP, UNODC, World Bank and a host of others running into millions of US Dollars and led to collaborative efforts with the FBI, SOCA, Metropolitan Police, Dutch Police, German Police, South African Police and a host of other Law Enforcement Agencies the world over.
**** (1) Check to see if Business is Regisitered
**** (2) Check there email if it is a free email then it is SCAM
**** (3) Do Not send any MONEY - What SO EVER
**** (4) REPORT THEM
Answered by 1+2+3+4+5+6+7+8+9+10 on 2008-03-26 06:03:16.
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Q4
How to Apply the Business Loan? In Which Company? For Starting a Small Business in Computer Field (Amount : 1 Lakh - 2 Lakhs)
Asked by Jahir H on 2008-09-05 14:09:01.
Open a current account in a bank.
Apply for a term loan, submitting your project.
Banks may require securities or solvent guarantors .
Answered by tmuthiah on 2008-09-06 20:09:28.
A4
Q5
How to get a Business loan? I would like to start a franchisee for Computer Education, Ticketing, DTP & browsing center
Asked by devi_shanmugasundaram on 2008-03-09 19:03:50.
No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan.
Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.
SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).
SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.
Answered by Robert E. Lee on 2008-03-09 20:03:26.
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Q6
give me the information about the business loan from IOB? I would like to open a chicken farm, and I am looking for finance assist from IOB. Its possible to get business loan. pls assist me
Asked by basheer1 a on 2008-08-30 00:08:47.
What is your age? educational qualification? you belongs to which place? do you have any experience in "Poultry farming"? do you have enough space with water to start the farm? whether the eggs are sale able in your area?Do you have your own land to give the security?
You go with all the details to the nearest Bank branch and approach the Agricultural loan department: If you have the above qualifications they will honor you and guide you further:
IOB a Bank where "GOOD PEOPLE TO GROW WITH"
Answered by AR.SAM on 2008-08-30 09:08:02.
A6
Q7
I need a business loan of RS 2 crores to buy out a shipping related company for a tenure of 10 years?
Asked by Yogesh S on 2008-01-12 11:01:46.
wish you luck
Answered by woody on 2008-01-12 11:01:52.
A7
Q8
how to apply business loan to bank manager in letter format?
Asked by aishu s on 2009-02-14 09:02:04.
Hi,
Don't Think More formalities.If you need Business loan like personal loan then all private sector banks are ready to do immediately provided you have 3 consecutive year Income tax returns.
If you do not have then do not worry just contact the agencies working for this then they will take care of rest just you have to pay their commissionn.
If you are seeking for Secured Business loan,CC or some other in this category and also if you havesomem property to fledge then you should ready to spend 3-5 % of amount to get this loan in Nationalised banks.
Do not waste your time in meeting bank managers and you will get negativdiscouragege answers from that seniors.So if you really need loan then kindlapproachch right agencies then they will get you on time but pay their commissions only after you get the loan not before that.
I hope it will help you.
Answered by Arasu C on 2009-02-14 10:02:49.
A8
Q9
i want low interest business loan from any bank in hyderabad? i start have a small business at hyd i want business loan
What is the criteria for getting small business loans in india? Hi. I need suggestions from people with experience of applying for bank loan to start up any new business. What is the eligibility criteria? What are the mandatory requirements for getting approved? new business in terms of small scale.
Asked by Hope on 2009-08-13 03:08:24.
The best and exact way for applying for a loan as a small business owner or for home, you should contact with the finance expert because he can guide you in the best way as loaning facilities and criteria vary from country to country, so no one can suggest rather than an expert of this field but you can get all type of information from any source.
