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Can I get bank loan as a student for business?
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[QUOTE="kayode10, post: 225200, member: 26899"] It can be very difficult for you to secure a loan from financial institution to start up your business as a student. Financial capability is one of the criteria the financial institution looks into whenever they want to give out loan to an entrepreneur. They want to know if you are capable of paying back the loan together with the interest you are going to obtain from them. Since you are a student, financial institution believe that you don't have any source of income except the one you get from your parents. Even if you have a proof that you are running a part-time business with your study, it may not be enough to convince them to Grant you a loan with a desire to kick-start your business. The best thing you can do if you need a capital to finance your business idea is to turn onto your friends and family. You need to ask them to invest into your business and promised them a good return on investment within short time. You need to be well articulated in your presentation when you are teaching them the idea of setting up your business. Some of them are going to turn you down but that shouldn't be a problem for you. [/QUOTE]
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Can I get bank loan as a student for business?
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