August 19, 2019
Be it starting a new venture or expanding the existing business, a factor that plays a major role in planning and execution is funds. At every point, businesses require funds. The best way to fulfil this requirement is by borrowing money from a financial institution. Many reputed banks and financial institutions provide a loan to start a new business.
What is a Business Loan?
A business loan helps in acquiring funds for specific business purposes. A lot of firms and organisations, both big and small, rely on business loans for financial assistance.
Important Types of Business Loans Available
Business loan for SME: These loans can be easily availed by small or medium sized businesses for expanding their operations. They help companies in adding new equipment, renovating the existing workplace and in buying additional infrastructure.
MSME Loans: These loans are designed for micro, small as well as medium enterprises. Many start-ups and small business owners seek financial assistance through such loans. These loans are offered for a short term and the interest rates also vary.
Working Capital Loans: These loans are perfect for businesses that prefer to enhance their customers’ shopping experience through cashless transactions. It is easy to scale up a business with a working capital loan.
Online Seller Finance: Especially meant for e-commerce merchants, this loan helps in managing inventory during peak as well as lean seasons. Online sellers can experience exponential growth by applying for this loan to meet varied business requirements.
Vendor Finance: These loans can be availed even with a bad credit history or no standard deposit.
How to Apply for a Business Loan Online at Nitstone Finserv?
Applying for a business loan online is quite easy at Nitstone Finserv. We have an online form on our website. Fill in the particulars and submit the online form. Once we receive the request, our representatives will call you regarding the documents that need to be submitted. In most cases, it is possible to get an instant approval after selecting the amount and tenure of the required loan. After the documents are verified, we will release the loan and the amount will be credited to your account.
Nitstone Finserv is a Non-Banking Finance Company that offers financial solutions through online as well as an offline platform. We are registered with the Reserve Bank of India. If you need a loan to start a new business, expand your current business or create a working capital, you just need to fill our application form. It has never been so easy to apply for a loan online!