What are some of the requirements for obtaining a loan in or

What are some of the requirements for obtaining a loan in order to start a restaurant?
Do you believe that this may be a major challenge?
How would a market study help you with this?

Solution

Getting startups is a difficult task as many banks will not believe the capability and will want surities. If we have some property or any other surity we can get the loan easily else it will be a major problem. Other than this we will have to show them our plan on how we are going to set up our restaurant and the place we want to set up. We need to submit identity proofs and people who can assure them on our behalf. With all these we can get the loan by following some procedures. It is not an easy job as we require to submit many documents and must have financial backup. But it can be done as many banks now a days are offering easy loans. Inorder to decide whom to approach and what all are needed we need some statistics to understand how these things generally take place and how we need to get prepared.