Business Loan Overview
Business Loan Overview
Not every business is the same. So, not every financing solution should be the same. The loan can be secured against a collateral in the form of property, finished goods, etc or can be availed without keeping any collateral security. This unsecured business loan is more expensive than secured business loan. Unsecured Business Loan is similar to a personal loan, but is specifically designed for business use. With Unsecured Business Loan, you are lent a certain sum of money over a period of years, and the interest rate and monthly payments are fixed over the term.
Why get a business loan?
- Improve your operations and generate more revenue with new equipment
- Move from high interest debt into a simple, transparent monthly payment and free up cash flow to run your business
- Give your business the ability to expand to its current location or take another one.
- Invest in your employees, your most valuable resources
Unsecured Business Loan Benefits
- Loan repayment in flexible tenures from 12 months up to 60 months.
- No collateral/ guarantor / security required.
- Speedy approvals
- Attractive Rate of Interest
- Fixed rate of interest, interest rates remain unchanged throughout the tenure of the loan.
- Special Interest Rate for professional Doctors/ CA & Architect.
- Minimum/Hassle free Documentation.
- Funds available for business expansion, working capital, child’s education or home renovation.
Loan Amount & Eligibility
The amount of loan will depend on profit and years of business and cash flow. Eligibility for business loan will vary from bank to bank and will depend on various factors. You’re eligible for a Business Loan if you’re either of the following:
- Limited or private limited company
- Partnership or proprietorship professional
Why Apply Business Loan on makemyloans.Com?
Your business is your lifeblood. We understand how important access to funds is for a small business. But not all business loans are equal. We believe in full transparency. You’ll never be charged for hidden fees or subjected to any pre-payment penalties. You will have access to a dedicated advisor who will guide you through the process and will always be a phone call away. We bring forth some useful ways to make this lengthy process quick and simple for you.