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Business Loan

Overview

A business loan is a financial tool designed to provide entrepreneurs and companies with the capital needed to meet various business needs. These loans help businesses manage operations, expand, invest in new equipment, or address cash flow challenges. Tailored to suit small, medium, and large enterprises, business loans are vital for sustaining and growing operations in today’s competitive market.

Types of Business Loans :

Working Capital Loan For managing daily operations and maintaining cash flow during lean periods.

Term Loan Long-term financing for business expansion, infrastructure development, or purchasing fixed assets.

Machinery Loan Specialized funding to acquire or upgrade business equipment and technology.

Invoice Financing Short-term loans against unpaid invoices to improve liquidity.

Overdraft Facility Allows businesses to withdraw funds beyond their account balance for short-term needs.

Start-Up Loan Tailored for new businesses, providing initial capital to kickstart operations.

Eligibility Criteria :

Business Vintage The business must have been operational for at least 2-3 years.

Annual Turnover Demonstrated steady revenue stream to prove repayment capability.

Business Type Loans are available for sole proprietors, partnerships, private limited companies, and more.

Applicant Age Generally between 21 and 65 years.

Collateral (if applicable) For secured loans, applicants must provide valuable assets such as property, machinery, or inventory.

Industry Experience Demonstrated expertise or track record in the relevant industry enhances credibility and approval chances.

Popular Uses of Business Loans :

  • Expansion: Open new locations or enter new markets.
  • Equipment Purchase: Upgrade machinery or invest in technology.
  • Inventory Management: Purchase stock for seasonal demand.
  • Debt Consolidation: Combine multiple debts into a single manageable loan.
  • Marketing Campaigns: Finance promotional efforts to increase brand visibility.
Contact

+91 99980 99281
sunil@skccorporate.com

Address

SHOP – 2F – 8 MADHURAM – 2, MADHURAM CIRCLE, DINDOLI, Dindoli, DINDOLI POLICE STATION, Udhna, Surat-
394210, Gujarat, India

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