Tuesday, March 11, 2008

Loans for Self Employed Women: A Customized Loan for Women

By [http://ezinearticles.com/?expert=Christian_Phelps]Christian Phelps Today there are a number of companies who grant loan to women who have the entrepreneurship qualities in them. If women have the desire in them to excel and to work hard they can easily get the loans to begin enterprises, working capital required, expansion projects and many others purposes. The only exception fields are actual farming industry, forestry or building developers house. The business can be an already existing one or completely new, the only requirement is that it should not recruit more than 5 people. Companies offering these loans make sure that the interest that they charge is on a lower side so that women of U.K. are encouraged to begin their own business or can expand their business if they have one already in existence. Loans can be very easily supplemented by ministry of labour of U.K. A maximum of 35000 can be obtained as loan. To obtain the loans for self employed women, the women entrepreneurs are required to meet the following criteria for different enterprises:- 1. Half of the total investment must be made by women. 2. If there is a partnership then half of the number of partners must be women. In certain cases half of the total investment must be made up by women. 3. The enterprise must have the potential for profitable operations. And should Be held by the women. 4. In case of a joint stock company, over 50% of the total shares and related votes must be held by the women. 5. Borrowers must have good overall financing and also they have to make sufficient self investment. Loans for self-employed woman: Key Features Loan amount of 3,500- 35,000 can be obtained. Interest rate is 6-month euribor. Loan period is 5 years of which the first is amortization free. For security purpose, depending upon the type of enterprise, the partners or the responsible partners or even personal responsibility is required in certain cases. For the share holders in a joint stock company they are expected to put up an absolute guarantee which in general happens to be same amount as the loan. In certain cases company granting the loan can accept alternate arrangement for security. Also the borrowers have to pay about 1.5% as handling charges. So, the very existence of loans for self employed women encourages women to join this competitive corporate world and they can not only begin new business but also they can expand their existing business. Also the policies of the companies granting such loans encourage the women to get themselves self employed. Christian Phelps is a Masters in Accounting and Financial Management from Lancaster University Management School . He has been working with loan for self employed since his academics got over. To find Self employed secured loan,unsecured self employed loan visit http://www.loanforselfemployed.co.uk Article Source: http://EzineArticles.com/?expert=Christian_Phelps http://EzineArticles.com/?Loans-for-Self-Employed-Women:-A-Customized-Loan-for-Women&id=281363 buy mylan zolpidem tartrate
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