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How to get funding without any collateral for my Liquor business which I want to do globally?

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Question ajoutée par ARNAB BANERJEE , MARKETING HEAD , TILAKNAGAR INDUSTRIES (I) Ltd
Date de publication: 2015/04/01
Syed Azeem
par Syed Azeem , Warehouse Supervisor , Galfar Al-Misnad

You can ask family members,friends or immediate relatives. you can also present your proposal to venture capitalists and get funding 

Hesham Mahmoud Shalaby
par Hesham Mahmoud Shalaby , Director of Operations Risk , Sandah MFI (Microfinance Institution)

Offering shares for the first time to raise capital thru the stock exchange market.

Dr Emil Abil Gasimov
par Dr Emil Abil Gasimov , Legal Counsel , Islamic Development Bank Group

Liquor (alcohol) business is Haram (prohibited) under Shariah norms so I can't advise you on the issue.

Utilisateur supprimé
par Utilisateur supprimé

Loan sharks is another option.... For higher interest rate

Michael Mugume
par Michael Mugume , Administrator , WATALII SAFARIS UGANDA

any credit accessed without collateral is obviously smaller in volume because realistically no one is willing to lend you large sums of money without any security offered. so if you want to go global, you're going to need huge sums of money to do that, and collateral. you could simply start small and timeline your progress, let the small funding build you to the point where your business amasses enough assets to improve your credit worthiness. otherwise, the possibilities of extensive credit without collateral are slim, and the same goes to global expansion without a good asset base and/or financing.