Dallas Unsecured Small Business Loans
I am looking for an individual who can lend $ 4,500 in a 3-year unsecured loan.
I go to school full-time, work part-time and have a tiny organization.
I will pay 10% interest (greater than any bank CD) and will sign a promissory note.
I have a pay stub for proof of income
I have a drivers license
If you are not in my area (Dallas) that is ok, I have a scanner and we can do everything electronically.
Reply if you can or know an individual who can assist me out.
Thanks!
p.s. – I have already tried banks and other financial institutions, peer lender web sites like Prosper.com, etc.
Answer by Judy
If prosper.com turned you down – every person under the sun will.
Be cautious of on the internet lending web sites – they will scam you.
They will need a deposit, application or processing fee of hundreds of dollars
Then they turn you down due to poor credit.
Then they preserve the fee.
Don’t do it. Lending club.com is just like prosper – not sure if its nonetheless running.
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Answer by Len
What is the reason given by the banks for denying your loan?
What collateral do you offer?
A promissory note is meaningless as is a drivers license when it comes to collateralizing as you no doubt know. Student status and part time function do not change items, either, sadly.
I wish you’d stated something about the nature of your ongoing education also the little company. And most importantly: What is the reason for the critically necessary loan in the 1st location?
Your answers may possibly influence responses.
I wish you luck and hope you will edit your question above.
Len
Related Loan Details
For anyone thinking about borrowing money from, a guaranteed online personal loan can be both secured and unsecured.
http://www.worldbestloans.com/
Well the unsecured loan is just that, unsecured for the lender. This simply means that the lender in effect has to take you at their word that you will repay the loan plus any interest. As the risk to the lender is greater due to the fact that if loan repayments are not maintained. The interest rates for unsecured loans reflect the increased risk to the lender and for that reason are considerably higher than those for secured loans.