We are a team of best Business loan providers in Chennai, Tax Consultants, Financial Advisors offering Taxation Services, Income tax filing service to the manufacturers, Traders, Dealers and service providers in Chennai.
Anybody can to start a new business or expand an existing one needs finances to do. Hence businesses and individuals borrow money at a fixed interest rate and can have repayment schedule.Secured loan and unsecured loans
In unsecured loan interest rate will be high because it is collateral free and banks risk is significant. Hence its interest rate is higher. MSME can use the business loan to
* Business expansion
* Equipment purchases
* Inventory management
* Cash flow Management
Banks on their part will evaluate financial documents and business records to determine a company’s business loan eligibility and repayment capacity and reliability since it is unsecured loan in nature.
Business loans are approved to individuals who own and operate their businesses and loan disbursement is based on their credit scores in the past.
Credit score is a most important factor in getting business loan, as it determines applicant’s creditworthiness.
* Minimum documentation
* No collateral
* Best Interest rate.