Business Loan

11 Nov

Common reasons for rejection of business loan India

ChristopherBusiness

If you are looking to improve your business reach by investing in new markets or you wish to enhance production facilities, what you need is a business loan India. Before you start the process of applying for loans with various lenders, it makes sense for you to understand what to do, what not to do. Among the ‘what not to do’s comes the understanding of what factors can get your loan application rejected. Some of these also help figure out how to keep the business loan interest low and affordable. Read on to know more. Reason 1: Applying to multiple…

14 Oct

What Are Commercial Business Loans?

ChristopherBusiness

Commercial business loans fund business expenses like equipment or real estate. When you borrow, you usually get the entire amount up front and pay it back over time, often at a fixed interest rate. In contrast to small business loans, which have lower loan amounts, commercial loans typically have higher loan amounts and are tailored to establish medium- and large-sized businesses. While lenders establish their own lending criteria, they typically require at least two years in business, good credit, and annual revenue that demonstrates the ability to afford the debt obligation. Furthermore, commercial business loans typically require collateral—a business asset…