What is Business Loan?

When it’s finally time to realize the business idea that you have been day-dreaming of for long enough, financing becomes the most crucial aspect of execution. It is also significant in the wake of growing your business after a certain point. The one-stop solution to one’s business financing woes is undoubtedly business loans.

Be it small business finance, working capital finance or business expansion finance, business loans can prove to be a boon for budding entrepreneurs. On Finserv MARKETS, you can avail high-value business loans up to INR 30 Lakhs instantly and with flexible repayment tenure options.

What is a business loan?

Unsecured financial support provided to businesses by the banking and non-banking financial companies is known as a business loan. These are useful when a business needs immediate financial support and can be availed either to set up a new business or to expand an existing business.

The business loan is essential to support many types of businesses. Privately held companies, self-employed individuals, retailers and partnership firms can avail the benefits of business loans.

Purpose of availing a business loan

Business loans can be availed of by businesses to fulfil the following purposes.

  • Establishment of a new business/startup

In the age of startups, establishing a new business isn’t a far-fetched idea anymore. To build a strong business which can generate potential revenue, a business loan can come to the rescue. One must ensure that the business idea has been studied enough and is capable of creating profits that can later help with repayment of the business loan. At the same time, the business must ensure low overhead costs to manage its impact on the profitability of the startup.

  • Expansion of the existing business

There will arise a need to expand your business further through a variety of means, be it the addition of a department, the launch of product vertical, exploring a new market, upgrading the company, et al. A business loan can fund the same without hassle if the company’s growth story has been good.

  • Equipment enhancement

To consistently meet customers’ demands, a business must prioritize production through substantial investment in equipment and machinery. Technology advancement also requires the business to keep up. Business loans can help in this significant purchase.

  • Working capital management

A business must take care of its liquidity requirements to prevent a shortage of cash flow. Salaries, bills, inventory, et al can be managed with the help of business loans in case of a short term financial crisis for the business.

  • Repayment of any pending debts

Any number of debts must be cleared before envisioning a business. Business loans of large sums can be used to repay multiple debts while also avoiding huge interest.

Eligibility criteria to avail a business loan

On Finserv MARKETS, instant business loans of up to INR 30 Lakhs are available at attractive interest rates for minimum documentation and zero collateral. The following scenarios show eligibility to avail a business loan.

  • You are a self-employed individual.

  • You are an actively practising self-employed professional like a doctor or a CA.

  • 3 years experience with the existing business is required.

  • The individual must be aged between 26 and 66 years.

  • You would need to produce tax returns filed the previous year.

Why are business loans attractive for startups?

Finserv MARKETS provide structured business loans to startups to help realize their business goals. Business loans help startups in the following areas:

  • Business establishment and expansion

  • Financing dealers and vendors

  • No equity dilution asked for by the banks

  • Personalized business loans catering to startups

  • Structured loans provided to startups with zero collateral or security

What are the interesting features of a business loan?

On Finserv MARKETS, you can avail business loans to enhance infrastructure, expand your business operations, upgrade to relevant technology, increase the working capital and enhance inventory. Here are the other key features and benefits of a business loan:

  • High-value loans

At Finserv MARKETS, you can apply for loans up to INR 30 Lakhs to improve your business and accomplish short-term or long-term goals.

  • Flexible Repayment Tenures

Repayment of business loans on Finserv MARKETS is flexible and convenient. You can choose from repayment tenures ranging from 12 to 60 months.

  • Zero Collateral

Business loans at Finserv MARKETS do not require you to put up any assets as collateral.

Pre-approved business loans

You can get pre-approved loan offers when you apply online for instant business loans at Finserv MARKETS. A high value of loan amount at an affordable interest rate is provided to you.

At Finserv MARKETS, you can avail a business loan with the mere click of a button. The application process is clear-cut and straightforward. Loan approvals take all of 3 minutes, provided your documentation is in order. The amount is disbursed in your bank account within a day. Applying for and availing of a business loan is much simpler than you’d think. Let your dreams of opening a business take flight with the Bajaj Finserv Business Loan on Finserv MARKETS.

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