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How to start a business portfolio with the bank?

Customer Question
How to start a business portfolio with the bank?
Submitted: 2 years ago.Category: Finance
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Answered in 2 hours by:
1/27/2016
Financial Professional: Rakhi Vasavada, Financial and Legal Consultant replied 2 years ago
Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 4,550
Experience: Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
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Dear Friend,

Hello and welcome. Thank you for providing an opportunity to assist you.

Can you please elaborate little more on your question so that I can see if I can assist you with this ?

Warm Regards,

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Customer reply replied 2 years ago
Well i would like to start a business portfolio so that i can get busniess loans i want to open a shoe store and purchase house fix them up and rent them out
Financial Professional: Rakhi Vasavada, Financial and Legal Consultant replied 2 years ago

Dear Friend,

Hello and welcome. Thank you for your reply.

I believe you should start with your business, open a business account with a local back. Just see that you operate that account regularly with good amount of transactions in it. This way you will build a good credit and reputation with your back and business overall.

I am sorry but yours is bit too open ended question. What I suggested in the preceding paragraph are the basic things that you need to do to create and work on a business portfolio with a bank.

Once you do this, you will create a credit for yourself and for your business as well and this will facilitate you for getting loans in future.

I am sure this would help.

You may please leave a positive rating if this helps as this is the only way we are compensated for assisting you. Alternatively, you may revert back with a reply if you need further assistance or if I have missed out on any aspect of your question.

Warm Regards,

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Customer reply replied 2 years ago
Ok
Customer reply replied 2 years ago
Great
Financial Professional: Rakhi Vasavada, Financial and Legal Consultant replied 2 years ago

Hello again.

Nice to know this helped.

I am sure this would help.

You may please leave a positive rating if this helps as this is the only way we are compensated for assisting you. Alternatively, you may revert back with a reply if you need further assistance or if I have missed out on any aspect of your question.

Warm Regards,

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