P.S:: I am very new to this field. So pardon me if I am missing something and guide me (senior and legendary members) what additional info I can provide here to increase my level of trust.
Your business will look legitimate if you find a trusted member who will escrow a good amount of money from you as a security that whatever collateral you will take from the clients you will return it after they repay you. If you go for no collateral loan then be aware about scammers. They will run away with your money. Deal only with trusted members in the community.