Uploaded on Sep 17, 2021
Business needs funds at every juncture of growth and development. Small and medium-scale businesses suffer in India due to a shortage of funds. However, the problem can now be solved with the help of a business loan. When you borrow a business loan online, the entire process is online and hassle-free. Before you borrow, you should gain enough understanding of a business loan. Here is everything that you need to know about a business loan. Experience a hassle-free business loan online process with Clix Capital. The best interest rate business loan makes your loan affordable. It will be easy to repay an affordable form of loan. https://www.clix.capital/business-loan/
All you Need to Know About Business Loans
ALL YOU NEED TO KNOW ABOUT BUSINESS LOANS GRANTING BUSINESS LOANS Business needs funds at every juncture of growth and development. Small and medium-scale businesses suffer in India due to a shortage of funds. However, the problem can now be solved with the help of a business loan. When you borrow a business loan online, the entire process is online and hassle-free. Before you borrow, you should gain enough understanding of a business loan. Here is everything that you need to know about a business loan. ELIGIBILITY FOR A BUSINESS LOAN Self-employed individuals, proprietors, private limited companies, and partnership firms working in trading, manufacturing, or services. A credit score of 750 or more should be there. If you need a business loan, you need to have a business credit score of more than 750. DOCUMENTATION OF BUSINESS LOANS Individuals should be at least 22 years of age while applying for the loan. Enterprises have been making profits for the past two years. The business revenue should be good. The income and cash flow statement should be a promising and good one. It should not be a degrading one. Apply For home improvement loans . Individuals associated with the current business for a minimum of 3 years. A GOOD CREDIT SCORE Identity Proof: Driving License/ PAN Card/Passport/Voter ID Card/Aadhaar Card. Address Proof: Ration Card/Telephone Bill/Electricity Bill/Passport/Trade license/Lease agreement/Sales Tax certificate. Income Proof: Bank Statement of the Last 2 Years Cash flow statement Business ownership proof Business address Passport size photograph WHERE TO BORROW A BUSINESS LOAN FROM? A business loan can be borrowed from various banks and non- banking financial institutions. It is easy to get a business loan from Clix Capital. If you borrow from Clix Capital, the entire process of borrowing will be digitally enabled and online. Banks follow an old-fashioned working style and it takes a lot of time. If you choose a non- banking financial institution, the disbursement time will be quick and instant. The documentation is minimal and done completely online. BENEFITS OF BUSINESS LOANS A business loan helps you to meet any business expenses, small or large. It is a collateral- free loan with a one-time disbursement. A business loan is flexible and can be used for anything related to business. You can get tax benefits on business or commercial loans. Clix Capital Services Private Limited Address: 901b, 9th Floor, Two Horizon Centre, DLF Phase V, Gurgaon, Haryana, India – 122002 Phone Number: 1800 200 9898 Email us at : [email protected] Website: www.clix.capital
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