For the Indian entrepreneur, there has never been a better time to launch and get started with a business of their own. Which is why in a survey by Randstad Workmonitor, the amount of Indian workforce that aspires to be an ‘entrepreneur’ was recorded to be a whopping 83%.
Making the most of this momentum, new businesses keep cropping up across the Indian business landscape, and ventures keep growing at a breakneck speed. There are 75 million small businesses and SMEs across the country and it is estimated that this number will cross 105 million by the year 2024. With progress taking place at this fast pace, business owners increasingly require a reliable short term financing option for whenever the need arises.
This need is being met efficiently for business owners everywhere by the means of short term business loans. Without the hassles and long-term commitments of conventional business loans, these loans provide short term business finance quickly and conveniently.
For a short term business loan that is customised to suit your requirements, look no further than the Bajaj Finserv Business Loan available on Finserv MARKETS. Not only does this business loan provide you with the capital you need, but also offers a bevy of attractive features.
Kickstarting and running a business comes with its own exhaustive list of functions and objectives. But some business requirements are more urgent or short-term than others. Conventional business loans often require a long time for application and disbursal, which makes them unsuited to meeting such immediate goals.
This is where a short term business loan comes in. By definition, short term business loans are customised to meet the short-term objectives of a business. They achieve this by offering pre-defined short terms, easy access to funds, and fast processing of loan applications.
As a business owner with frequent requirements for immediate financing, short term finance loans can go a long way in helping you meet your goals. Here is how you can benefit from a availing short term business loan:
Most traditional business loans can have inflexible tenures that, despite their low interest rates, can go on for years. This can lead to you losing a considerable sum of money in repayments over the long run. With short term business loans, however, this is not a concern as their tenures are both short and flexible. You can therefore pay off the loan at your own convenience.
Businesses can often go through periods of slow growth which, if not managed, can result in long-term loss or even a shutdown. In such a case, a short term business loan can ensure cash inflow into your business and help it cruise through a slow phase. Without accruing a significant debt, a short term small business loan can therefore help your small business stay afloat and pay all necessary bills.
Your business might be growing at a pace that makes your current office look small in comparison. With a short term business loan, you can acquire the finances you need to move to expand your office space or even move to a larger location.
These benefits of a short term business loan can be best enjoyed only when you choose the right loan product, provided by a credible lender. To that end, the Business Loan available on the Finserv MARKETS platform might be the right option for you.
Here are all the features and benefits that make it a popular choice among business owners around the country:
The primary function of a short term business loan should be to help you meet an immediate financial goal, as quickly as possible. This can be achieved by availing the Bajaj Finserv Business Loan, on the Finserv MARKETS platform. The convenience of the platform allows your loan application to be approved in just 3 minutes and the disbursal to take place in less than 24 hours.
One of the greatest disadvantages of conventional business loans is how long it takes for the paperwork to go through. This process is made far more convenient with the Business Loan, which only requires a few essential documents for processing. Check out the complete list of documents required for business loan.
An efficient short term business loan should allow you to customise your own terms of borrowing and repayment. That is why the Bajaj Finserv Business Loan is an ideal product, offering business owners flexible tenures ranging from 12 to 60 months.
Availing a short term business loan should not need to come with the added pressure of placing your prized possessions as collateral. Hence, the Bajaj Finserv Business Loan is unsecured, requiring zero collateral from your end.
Whether it be a financial emergency or plans of expansion, all your immediate business needs can be easily met with a short term business loan. In particular, the Bajaj Finserv Business Loan available on the Finserv MARKETS platform is an ideal product to help you fulfill any business objective. You can conveniently avail loan amounts as high as Rs 30 lakhs with no hassles and a seamless loan application experience.