22 Jul 2015, 18:43 — 1 min read
Raising capital is an integral part of starting a small business. Banks have also expanded their loan options to SMEs by regularly updating their products and services. Majority of banks extend business loans but the interest rates and features vary across banks. Business loans can be applied for a variety of requirements such as starting a new business venture, business expansion, vendor and dealer financing, bill discounting etc.
To get a business loan, banks usually demand collaterals against the money that has been given to the company. There are collateral free options which fall under CGTSME for Micro and Small Enterprises, where banks provide loans up to 1 crore to companies fulfilling a set criteria.
Here is an informative article that elucidates the criteria and eligibility for small business loans.
Posted byGlobalLinker Staff
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