Your business required most of your time, so get all the information about Business Loan at one place and save your time. Moreover, we’ll not just help you to get the loan, we’ll also resolve all you queries.
From starting a new business to fueling capital in to your existing one, you could be needing business loans in India for any number of reasons.
Primarily, there are two types of loans available for small business
a. Secured loan: A Secured loan is a loan that is protected by an asset or a collateral of some sort. To apply for a secured loan and have it approved, an applicant has to provide a guarantor or a collateral to the lender.
b. Unsecured loan: An Unsecured loan is a loan where the lender is at risk in case you become a defaulter. There are virtually no risks associated with unsecured loans.
The amount of business loan you get depends on a multitude of factors such as
1. Type of the business, i.e. Proprietorship, Partnership, Pvt Ltd or Public Ltd.
2. Track record and type of business.
3. Annual Cash flow of the business.
4. Profit and Loss of the business
5. Annual Turnover of the business.
There are many banks that provide business loans ranging from quick business loans to small business loans in India on different terms and interest rates. Going to each one of them is difficult and basically time and resource wasting when you can have all the information you need at your tips with CreditNation.
CreditNation has the largest collection of the best business loans. All you need to do is tell us your requirements and we’ll help you find a business loan that suits your business needs.
It is important to do proper research before getting your hands into anything. More so when you are getting a business loan, you need to compare your picks. CreditNation allows you to compare business loans interest rates before you make up your mind for the perfect choice.
CreditNation has tie-ups with some of the most reputed banks and other financial service providers in the country. When you come to our website, we connect you to the top market players and providers of financial services such as a business loan. CreditNation saves your time and energy and guides you to the best choice you can make while applying for your business loan.