What's Business Loan

A Business Loan is a type of financial assistance provided to businesses for various purposes, such as starting a new venture, expanding operations, purchasing equipment, or managing working capital. These loans are tailored to meet the diverse needs of businesses, from small enterprises to large corporations. Business loans can be secured (requiring collateral) or unsecured (based on creditworthiness).

Core Features of Business Loan

Subsidized loans or grants under government schemes (e.g., MSME loans in India.)

Business registration certificate and tax identification number and Flexible repayment options, such as balloon payments or revenue-based payments.

Loan amounts depend on the business size, type, and purpose. 

Short-term loans: 6 months to 3 years.