What are all the Benefits of Business Loan ?. Who is the Best Bank Loan Consultants for Business Loans in Chennai, Tamil Nadu, India. Contact S & P Bank Loan Consultants which is one of the Top Finance Consultants in India 24/7.
Borrowing money from bank as a business loan
Are you running a business? Â Business always need finance at all its stages. Managing business with own funds for long tenure is difficult. You may need finance to buy asset or other business expenses. Borrowing money from bank as a business loan is the best option for your finance needs.
Business Loans as secured or unsecured
Business Loan serves as a powerful tool for any business. You can take Business loan for purchase of stock and new machinery. You can also avail Business Loan expansion and any major business expenses. Bank offer Business Loans as secured or unsecured. It varies from bank to bank and depends on other parameters. We will look into why you have to go for a business loan.
Receives huge cash inflow for business
The easiest and best way to raise money for business is business loan. It can be for launch, growth or expansion of business. Bank offers business loan for all business purposes. Business loan is the best option to raise large amount of funds for multiple purposes.
Finance is lifeline of any business. With huge cash inflow, you can make advance payment for materials and negotiate for a discount with supplier. This will increase your profit and you can sell the goods at competitive price. You can also increase your market share.
Retains the control and Management of the Company
If you take a business loan, bank does not interfere in day-to-day activities of the business. It does not involve in any major business decisions. If you raise funds through equity shares, business issue shares to shareholders. If you raise funds through investor, they involve in management decision. Taking business loan, retains the control and management of the company with promoters.
No profit Sharing with anyone
Bank does not ask for profit share in your business. Even company grows tremendously, because of Bank loans. Bank only demands loan amount with added interest. For equity fund raisers, business has to pay dividends. Fund raiser being investor, he demands for share of profit, in proportion to growth. Availing bank loan helps you to improve your own business without sharing of profits.
Convenient and Accessible
All the banks offer various types of business loan products. You can easily access to any business loans. We make the loan process simple for you. Most lenders offer loan through online. Submit the documents in online. Approval and disbursal process is quick.
Our S & P loan consultants would handle whole loan process on your behalf. In fact, We provide a dedicated team with personal relationship manager to handle all your doubts in business loans.
Collateral Free
Gone are the days, where business loan is offered against collateral. Now banks offer collateral free loans for new ventures too. To support economic envelopment, Government has introduced MUDRA and CGTMSE scheme. No collateral for government scheme loans.
Business plan, viability, future cash flow and credit history
Banks look into your business plan, viability, future cash flow and credit history. If all parameters are good, bank approves the loan without collateral. Our Loan consultants will help you to get maximum loan amount with best lender, offers and concessions. By the way, You can reap the full benefits of business loan.
Reasonable Interest Rate:
Banks are competing among themselves for offering loans. This is good situation for business owners. You can negotiate for a reasonable lower rate which reduces your cost. Banks consider business financials while evaluating loan application.
Interest on loan is claimed as expenses in profit and loss account of your business. Thus, interest is tax-deductible.
Flexible Tenure:
Business Loan can be for working capital or purchase of fixed asset. It can be for expansion plans too. You may need some holiday period for interest and principal payment of loan. Moreover, You can use the holiday period for stabilizing the business in the market.
Short term Finance
Some business need only short term finance. Few business may need bullet repayments, cash realization may take longer time in this business. Lenders understand your need, business design and financial parameters. Based on your need, lenders offer loan tenure and repayment options.
If your credit history and financials are good, banks offer you lower EMI, compared to market rate.
Find the Benefits of Business Loans
Benefits of business loan is incomparable. Business loan takes you to next level in business. If you are looking out for business loan, we help you out with hassle free loan process and quick disbursal. By all means, We hope you have understood the Benefits of Business Loan. Find the Best Bank Loan Consultants for Business Loans in Chennai, Tamil Nadu, India.
Contact S & P Bank Loan Consultants, One of the Top Finance Consultants in India.
