Everything You Need to Know About Getting A Small Business Loan Without Collateral

1

• Everything You Need to Know About Getting A Small
  Business Loan Without Collateral

2

• Why Avail Collateral-Free Business Loan?
• You may need urgent funding for expansion,
  operations or to cover losses
• You might not have assets to pledge

3

• Why Collateral-Free Loan Works?
• Low risk for borrower as no asset is pledged
• Loan processing is quick
• Tenures are flexible

4

• Eligibility Factors
• You can be - retail trader, wholesaler,
  manufacturer, or B2B provider
• Age of the business
• Financial history of the business and credit
  history of the owner should be excellent
• Projected cash flows for next few years
• Business plan
• Past few years turnover

5

• Documents
• Business registration or license
• KYC of borrower and guarantor
• Account statements of past 6 months
• Audited balance sheet
• Profit and loss statement
• Previous financial years GST statement
• Working capital and current loans details
• Application form
• List of directors and their shares (for private
  limited companies)

6

• Collateral-free Business Loan Benefits
• No risk of losing asset
• Fast loan processing
• Timely payments will help build credit history
• Loan amount not restricted by collateral value

7

• Lender Selection
• Research and compare lenders online
• Visit lender websites, read reviews, terms and
  conditions
• Ask friends for recommendations
• Compare loan terms

8

• Conclusion
• If you are eligible, take an unsecured business
  loan for quick funding, without risking any
  asset.

9
Thank You !Would Love to Hear From You

• Hero FinCorp Limited
• 09, Basant Lok, Vasant Vihar, New Delhi - 110057
• Tel. [phone]
• Email Id Corporate.Care_at_HeroFinCorp.com
• Website https//www.herofincorp.com/
• Know more- Everything You Need to Know About
  Getting A Small Business Loan Without Collateral