All you Need to Know About Business Loans


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Uploaded on Sep 17, 2021

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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/

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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