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Business Loan

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Business Loan

Business Loan

It is specifically intended for business purpose and are unsecured financial assistance provided by banks and NBFC. The primary aim of these loan is to support the urgent needs of growing business and as with all these loans, it involves creation of a debt, which will be repaid with added interest.

Types of Business Loan

  • Working capital loan
  • Term loan (Short and Long-term)
  • Letter of credit
  • Bill/Invoice Discounting
  • Overdraft facility
  • Equipment Finance or Machinery Loan
  • Loans under Government schemes
  • POS loans or Merchant cash advance

 

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