Business loan is a financial offering specifically used for business purposes. Business loans offered by Banks and NBFCs can be availed by business owners, self-employed professionals, MSMEs, and other business entities. The loan amount is mainly used for business expansion purposes, to meet working capital requirements, enhance cash flow, buy equipment/machinery, stock inventory, pay rent, hire/train staff, etc.
Financial institutions offer both secured and unsecured business loans, such as Working Capital loans, Term loans, Overdraft, Cash Credit, POS Loans, letters of Credit, Bill Discounting, Equipment Finance, Loans under Govt. Schemes and Bank Guarantee.
A Business Loan is curated to cover a variety of expenses for the of your business.
Our Business Loan offers you a stipulated loan amount without the need to pledge any collateral.
Once your application is submitted along with your documents, it can take anywhere between 1-7 days for your business loan to get approved and a couple of days after that for the disbursement. Depending on the bank you go with, this timeline may vary
In order to qualify for our business loan, you must simply maintain an annual turnover of at least Rs.9 lakh. We require business vintage of minimum 2 years to lend the loan. We only offer loans for expansion