{"id":10953,"date":"2020-08-20T08:55:43","date_gmt":"2020-08-20T08:55:43","guid":{"rendered":"\/blog\/?p=10953"},"modified":"2020-09-04T12:39:15","modified_gmt":"2020-09-04T12:39:15","slug":"how-to-get-a-startup-business-loan-without-collateral","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/","title":{"rendered":"How to get a Startup Business Loan without Collateral"},"content":{"rendered":"\n

Having\na brilliant idea for a startup is not enough. One of the biggest challenges\nentrepreneurs face is the lack of funding or capital to turn their idea into\nreality. Taking a business loan then becomes a viable option for them. <\/p>\n\n\n\n

However,\nmost new startups do not have assets such as property or shares to offer as\ncollateral to get a loan from a bank or NBFC. However, this does not mean they\ncannot get a loan. Entrepreneurs can get a loan even without collateral. <\/p>\n\n\n\n

There\nare a few things they can do to improve their chances, though. Here\u2019s how to\nget a startup business loan without collateral:<\/p>\n\n\n\n

Improve your credit score<\/h2>\n\n\n\n

If\nyou want to get a startup business loan<\/a>, you will need to have a\ndecent credit score. A score of 750 and above is considered healthy and greatly\nimproves your chances of getting a business loan approved, as well as\nnegotiating lower interest rates. You can do so by using your credit cards to\npay your bills, settling your dues in full before the due date, avoid taking\ntoo much credit at a time and not closing unused credit cards, among other\nthings.<\/p>\n\n\n\n

Additional Read:<\/strong> Credit Score for Business\nLoan: Know why it is important while availing a Business Loan<\/a><\/p>\n\n\n\n

Clear other pending debts<\/h2>\n\n\n\n

If\nyou are repaying multiple loans at the same time, chances are a new loan\nrequest by you will be denied. For example, if you already are repaying a car\nloan and a home loan, lenders will be less inclined to service a loan for business,\nas they would not be confident in your ability to pay back the money on time.<\/p>\n\n\n\n

Create a strong business plan<\/h2>\n\n\n\n
\"Business<\/figure>\n\n\n\n

You\nneed to make a strong case for your business plan to get a business loan\nwithout collateral. You must present a comprehensive plan that describes\nyour idea, market opportunity, process, financial projections, and more. This\nhelps instill confidence in lenders; they note that you have done your\nresearch, which helps create a positive impression.<\/p>\n\n\n\n

Additional Read:<\/strong> Startup Business Loan:\nKnow how to get a business loan for startup in India?<\/a><\/p>\n\n\n\n

Thoroughly evaluate requirement<\/h2>\n\n\n\n

Ask\nfor only as much as you need. Though you may want to get your hands on as much\ncapital as you can to give flight to your ambitious plans, think about how you\nplan to repay a big amount. Estimate right and apply for a loan that you can\nservice. Asking for a huge amount without justifying the need is a sure way to\nhave your application rejected. <\/p>\n\n\n\n

Take an unsecured business loan<\/h2>\n\n\n\n

Taking an unsecured loan is the easiest way to finance business because they are easy to get and require no collateral. Keeping in mind the challenges a startup has to face, Tata Capital offers customized, hassle-free, unsecured business loans to fledgling businesses. The easy and swift application process, coupled with a higher threshold for eligibility, starting at Rs 5 lakh and going all the way up to Rs 75 lakh to supplement any and every business need.  You can service the loan via stress-free, structured business loan EMI<\/a> options. This means you can stop worrying about finance and focus on growing your business. <\/p>\n\n\n\n

Apply Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Having a brilliant idea for a startup is not enough. One of the biggest challenges entrepreneurs face is the lack of funding or capital to turn their idea into reality. <\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":10955,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-10953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-business"],"yoast_head":"\nHow to Get a Start Up Business Loan Without Collateral? - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"Business Loan without Collateral - Know the details on Startup Business Loan without collateral or unsecured business loan. Get to know the steps and benefits!\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Get a Start Up Business Loan Without Collateral? - Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Business Loan without Collateral - Know the details on Startup Business Loan without collateral or unsecured business loan. Get to know the steps and benefits!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-20T08:55:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-04T12:39:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/08\/how-to-get-a-start-up-business-loan-without-collateral-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/\",\"name\":\"How to Get a Start Up Business Loan Without Collateral? - Tata Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2020-08-20T08:55:43+00:00\",\"dateModified\":\"2020-09-04T12:39:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Business Loan without Collateral - Know the details on Startup Business Loan without collateral or unsecured business loan. Get to know the steps and benefits!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapital.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to get a Startup Business Loan without Collateral\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"TATA Capital Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\",\"name\":\"Tata Capital\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"caption\":\"Tata Capital\"},\"sameAs\":[\"https:\/\/tata-blog.osian.dev\/blog\"],\"url\":\"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Get a Start Up Business Loan Without Collateral? - Tata Capital Blog","description":"Business Loan without Collateral - Know the details on Startup Business Loan without collateral or unsecured business loan. Get to know the steps and benefits!","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"How to Get a Start Up Business Loan Without Collateral? - Tata Capital Blog","og_description":"Business Loan without Collateral - Know the details on Startup Business Loan without collateral or unsecured business loan. Get to know the steps and benefits!","og_url":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/","og_site_name":"TATA Capital Blog","article_published_time":"2020-08-20T08:55:43+00:00","article_modified_time":"2020-09-04T12:39:15+00:00","og_image":[{"width":770,"height":400,"url":"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/08\/how-to-get-a-start-up-business-loan-without-collateral-1.jpg","type":"image\/jpeg"}],"author":"Tata Capital","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tata Capital","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/","url":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/","name":"How to Get a Start Up Business Loan Without Collateral? - Tata Capital Blog","isPartOf":{"@id":"https:\/\/www.tatacapital.com\/blog\/#website"},"datePublished":"2020-08-20T08:55:43+00:00","dateModified":"2020-09-04T12:39:15+00:00","author":{"@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a"},"description":"Business Loan without Collateral - Know the details on Startup Business Loan without collateral or unsecured business loan. Get to know the steps and benefits!","breadcrumb":{"@id":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-get-a-startup-business-loan-without-collateral\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tatacapital.com\/blog\/"},{"@type":"ListItem","position":2,"name":"How to get a Startup Business Loan without Collateral"}]},{"@type":"WebSite","@id":"https:\/\/www.tatacapital.com\/blog\/#website","url":"https:\/\/www.tatacapital.com\/blog\/","name":"TATA Capital Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a","name":"Tata Capital","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","caption":"Tata Capital"},"sameAs":["https:\/\/tata-blog.osian.dev\/blog"],"url":"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/"}]}},"featured_image_url":"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/08\/how-to-get-a-start-up-business-loan-without-collateral-1.jpg","_links":{"self":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/10953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/comments?post=10953"}],"version-history":[{"count":3,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/10953\/revisions"}],"predecessor-version":[{"id":11536,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/10953\/revisions\/11536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media\/10955"}],"wp:attachment":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media?parent=10953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/categories?post=10953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/tags?post=10953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}