Most startups think of a business loan for expansion purpose. There are quite a few rules for lending which you can verify easily from various sources. According to experts, these rules are going to be relaxed in near future as startups are contributing a lot to the economy.
Business Loan application could be a tedious task for a startup. These days banks and NBFCs are asking startups to submit their income tax returns for 3 years. As per the requirements of the banks, the companies are supposed to be profitable for all 3 years. If we consider the case of a new startup, then you will find that the present system is literally out of reach for them. They need some assistance to cross the barriers effectively.
There are some more issues which is worth addressing, such as-
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.