Business Loan
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What is a Business Loan ?
Business loan is an unsecured borrowed capital provided by banks to business owners mainly needed for business purposes or expansion. These loans are available to sole proprietors, privately held companies, partnership firms, shopkeepers and self-employed persons.
Business Loan benefits :
- Reasonable Interest Rate
- No Collateral Required
- Tax Benefits
- Quick Approval
- High Flexibility
- Purchase Inventory
- Business Expansion
Types of Business loans :
- Short-Term Loans
- Invoice Financing
- Term Loans
- Lines Of Credit
- Equipment Loans
- Micro Loans
- Business Lines Of Credit
Documents Required For Business loan :
- Bank Statements
- Revenue Statements
- Balance Sheet
- Business and Personal Tax Returns
- Personal Financial Details
- Personal Credit Score
- Insurance Or Collateral
- Business Plan
