Hi,
Can I take a loan then buy inventory, and that loan's collateral is the inventory itself?
or can someone just give me a crash course on how business loans work, interest rates, which banks are nice, how to pay lumpsums in bw, what tenure should I have.
The principal required is 10-15 lakhs.
(I was offered personal loan without docs of 5lakhs)
Can I take a loan then buy inventory, and that loan's collateral is the inventory itself?
or can someone just give me a crash course on how business loans work, interest rates, which banks are nice, how to pay lumpsums in bw, what tenure should I have.
The principal required is 10-15 lakhs.
(I was offered personal loan without docs of 5lakhs)
