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Want to start a shop for own business, bank loan - advice required

Discussion in 'Money Matters' started by banujaga, Feb 4, 2012.

  1. banujaga

    banujaga Gold IL'ite

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    Friends,

    We are planning to rent out a shop and start our home made business. I wanted to know:

    1.Does banks give loans for opening such shops?
    2. What is the procedure for such things?
    3. What kind of paper work, preparatory work is required to approach the bank?
    4. How do we prepare a proposal?

    Friends, I am new to this field. I really really need your advice to start the business. I stay in Bangalore.

    Looking forward for all your advises.

    banu
     
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  2. paanzaa

    paanzaa Silver IL'ite

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    What is the line of business?
     
  3. banujaga

    banujaga Gold IL'ite

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    Hi,

    It is marketing of home base pickles, curry powders and masalas.

    regards
    banu


     
  4. Saisakthi

    Saisakthi IL Hall of Fame

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    Dear Sister,

    Many first time entrepreneurs have got benifitted from AWAKE, may be you could give it a try....


    Association of Women Entrepreneurs of Karnataka
    B-76, Industrial Estate,Rajaji nagar
    Bangalore-560044
    KARNATAKA
    Phone-91-80-3389964,3111059
    Fax-91-80-3389964
    website-
    http://www.awake-india.org
    Email-awakener@blr.vsnl.net.in

    Wish you all success.
     
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  5. paanzaa

    paanzaa Silver IL'ite

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    They will give you soft loan. Go with a business proposal.
     
  6. orion80

    orion80 Platinum IL'ite

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    AWAKE:http://awakeindia.org.in/ is a good place to start. They also help you get more contacts and give infoon how to improve/expand your business.

    Also try SIDBI. They have upto 25% loan principal waiver for women entreprenuers.
     
  7. banujaga

    banujaga Gold IL'ite

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    Thanks for your reply. I do not know how to write a business proposal. Please help me with some pointers.

    Have a great day.

    Regards
    banu
     
  8. banujaga

    banujaga Gold IL'ite

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    Saisakthi,

    Thank you for your response. A very valid info. I will appraoch them today or tomorrow and keep you posted.

    Have a great day.

    regards
    banu


     
  9. banujaga

    banujaga Gold IL'ite

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    Hi Orion,

    Thank you for your response. A very valid info. I will appraoch them today or tomorrow and keep you posted.

    Have a great day.

    regards
    banu


     
  10. Saisakthi

    Saisakthi IL Hall of Fame

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    Dear Sister,

    Any progress / updates, wish you all success
     

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