Are you looking for Working Capital or Term Loan for your Business? A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.
- For a Secured Business Loan, the borrower needs to pledge something as collateral or security against the Loan amount taken. Be it raw material or finished products, land or machinery, anything can be kept as collateral in agreement with the lending party. The borrower can also offer cash advance as collateral as it offers more liquidity and the Loan can be availed at lower interest rates and flexible repayment options.
- In case of unsecured Business Loans, here is no requirement of any collateral from the borrower. However, while availing an unsecured business Loan, the borrower needs to pay a high interest rate. Moreover, the Loan amount is taken for a smaller tenure when compared to a secured Loan. According to their tenure, business Loans can be further diversified.
We at Ichibaan Finance Private Limited can help you in fulfilling your requirements. Our team of professionals can help you in getting the secured and unsecured Business Loan of any amount.
We have tie-up with various Govt. and Pvt. Sector banks in Delhi, Gurgaon, Noida and NCR who can help you in getting the working Capital, Cash Credit or Business Loan as per your requirement.