1. Whether the requirement is to start a business, there would be involvements of investment of
money irrespective of you are going to start a small business, medium-sized business or large
business. Although, amount of money varies according to size of businesses; however there
would be involvement money. In most cases, it’s not possible that a businessman could start their
business by investing their own money. For this, they have to take business loans from banks or
financial institutions. Banks or financial institutes have their own specific eligibility criterion by
which they decide to give loans to borrowers. Basically, they use to check three things of lenders
to sanction business loans for them. They are as follows:
Capacity: First of all, they check out financial capacity of borrowers. Can they afford to pay back
the loan in an easy and convenient way? They have to make sure that their loan could be
recovered easily.
Collateral: Collateral is a type of security assets that were deposited by borrowers to lenders. The
basic purpose of these assets is that what asset lender can recover if the borrowers are not able to
pay their loan.
Credit History: It is one of the most important check points that are checked by lenders. They
cross check borrower’s previous history of payment of loans. Did they pay previous loans
timely?
Now, you can easily understand the importance of eligibility criterion for loans that are checked
by various banks and financial institute for loan approval for a businessman. There will be
difficult situation when you are not able to fulfill lenders’ eligibility criterions and you have
urgent requirement for loan to start or run your business. In such scenarios, there are many
financial institutes which help borrowers in getting loans despite bad credit history. For this, they
guide borrowers in improving their bad credit history by paying their previous outstanding loan
in easy and convenient way.
You can get huge amount of loan easily after build your healthy credit history which has utmost
priority for loan approval. If you are facing for bad credit and need an urgent loan for business,
you should search financial institutes that provides loan for borrowers having bad credit history.
You can find these institutes over Internet as there are many websites where you can find
information about those financial institutes. You can also review of those institutes on various
reviews site. These reviews are given by financial experts who will help borrowers to get loan
for business.
If you have bad credit history & want to take loans for starting your business, Elite Funding will
help you. We provide unsecured loans for you & give flexible time & lower interest rate so that

2. you could pay conveniently. For more information please visit:
http://www.elitemerchantfunding.com/