planning to take loans for franchise

Although I would presume that you have a good plan, I would advice that you study it very carefully and review it. 100% of people who plan to go to business or actually went into it think that it would work and make profit but a lot would find out sooner or that's it's not so when they are already there or when unexpected problems arises. Banks are very aware of these over enthusiasm. Although it's good that you can get a no collateral loan, inspect carefully the interest rate and other fine prints. I would advice if I may that you also raise your own money, if you can, at least 50 percent of it and loan the other half, why? simply because you need a fall back plan when things does not go your way and pay interest only for half of invested capital. Even if it's a no collateral loan, interest would run and most small scale business would take time before actual profits are realized against initial investment. Also look into other unexpected expenses that may arise during actual operation. Wish you the best my friend

This is a good idea, my friend. If your plan is well, the banks will help. Or you can contact to some other investors.

You can maybe see if another similar business or franchise will tell you what its like and give you are tour of what it all involved maybe even hire you temporarily with them to see what its like before starting your own...

Business is good if you know how to handle one. Franchising is the trend these days as it is much cheaper than to start your own (well- depends on what business you want) If the bank do not demand for any collateral that would be a great opportunity as well. I would venture into business then if any bank offer loans without collateral.

Hey there leon, Well good luck on that my friend i know that you have studied carefully the matters before jumping on a loan, but better get loan from a bank than anywhere else and also make sure that the business you are gunning for is full proof and can produce income immediately so that you can pay off your loan early in time. Anyway good luck and go business!!!