It is common notion of people that Business loans are available only for businesses in existence or startups. But that is not entirely true. You will find business loans available for traders too. Lenders such as at Bajaj Finserv do provide business loans for traders so that they too can run their business as per the daily requirements demand. The uses of such loans can be hiring of labor, for renovation of the workplace, buying new equipment, etc. Availing this loan is not that difficult either. If you are a trader and if you want to avail this loan then you can get up to Rs. 30 lakhs. Business loans for traders are also available within 48 hours, particularly if everything goes well with your eligibility and documentation. If you are in urgent need cash then you can avail a working capital loan. With the help of this you can use the funds as per your requirement. There is one more facility called the Line of Credit facility. Under this you need to pay the interest only for the amount used and not the entire amount provided. More criteria are listed in the following:
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AuthorAman 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. |