Unsecured loand from friends

This query is : Resolved 

25 September 2012 I am running a proprietorship firm dealing with Vehicle Hire-Purchase/Hypothecation business.Can I borrow unsecured loan from my friends. If so is there any ceiling on that.

Advance Thanks

25 September 2012 yes you can received unsecured loan from friend without any limit but condition is loan should be taken through a/c payee cheque.



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