4 REASONS WHY UNSECURED BUSINESS LOANS HAVE EMERGED AS THE LIFELINE OF SMALL BUSINESSES IN INDIA - PowerPoint PPT Presentation

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4 REASONS WHY UNSECURED BUSINESS LOANS HAVE EMERGED AS THE LIFELINE OF SMALL BUSINESSES IN INDIA

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The era of unsecured loans has been the savior for small and medium-scale businesses. It has become a smooth journey for small business owners to get funds instantly without any collateral. This is the reason why you can see growing start-ups and medium businesses on a large scale. Here are some of the reasons why unsecured business loans in India have emerged as the lifeline of businesses. – PowerPoint PPT presentation

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Title: 4 REASONS WHY UNSECURED BUSINESS LOANS HAVE EMERGED AS THE LIFELINE OF SMALL BUSINESSES IN INDIA


1
4 REASONS WHY UNSECURED BUSINESS LOANS HAVE
EMERGED AS THE LIFELINE OF SMALL BUSINESSES IN
INDIA

2
Here are some factors lenders take into
consideration before granting business loans
  • The era of unsecured loans has been the savior
    for small and medium-scale businesses. It has
    become a smooth journey for small business owners
    to get funds instantly without any collateral.
    This is the reason why you can see growing
    start-ups and medium businesses on a large scale.
    Here are some of the reasons why unsecured
    business loans in India have emerged as the
    lifeline of businesses.

3
What is an unsecured business loan?
  • An unsecured business loan is a loan that has no
    security or asset attached to it. This type of
    loan is not secured and does not need any
    collateral or security to keep with it. You can
    easily have it even if you dont have any
    property or collateral to keep with your bank. It
    will help you get instant funds in your account
    so that you can manage your business expenses.

4
Manage the business working capital
  • Working capital is the most essential way to
    manage the fund for your business. You can easily
    handle the expenses that come daily. It is not
    about the expansion or any other kind of
    investment, but managing the daily activities.
    Working capital is the fund that a business needs
    for daily operations. It can meet the fixed
    obligations and operational cost that is needed
    for regular sustaining. It is the best way to
    keep going, and with an unsecured loan, you can
    easily have one. There is no hurdle for the small
    business owners in attaining loans even when they
    dont have collateral with them. It is very easy
    to get and you can manage your daily expenses in
    business and maintain a good working capital.
  • Read More Top Ways to Teach Your Kids About
    Personal Finance

5
Grow and develop your business
  • An unsecured loan is easy to have without the
    need for any collateral or security. If you get a
    good amount of funds for your business without
    keeping any collateral with your bank, you can
    use it for the growth and development of your
    business. It will help you manage your expenses
    in growth. It can count on things like
    investment, new machinery, marketing strategy,
    staffing services, and technology. These are the
    ways by which you can manage and use your fund in
    the right order.

6
Borrowing with bad credit
  • If you have bad credit you can still borrow a
    business loan. Lenders look at the profitability
    of your business, and not your credit history.
    This is a huge boon for small business owners,
    who have poor or zero credit score. If you feel
    your business is doing good and you can easily
    manage a good amount of profit in the future,
    convince your loan provider for a business loan
    without any hesitation. Business with profit is
    always an asset for the loan provider and you
    must have it.

7
Flexibility for fund usage
  • The traditional banks were very strict in
    business loan usage. There were some areas where
    the fund could have been used previously.
    However, with an unsecured loan, you can use the
    money for anything that relates to your business
    directly or indirectly. It becomes easy for you
    to borrow and get hold of the fund to meet any
    expenses that can come up anytime.

8
Clix Capital Services Private Limited
  • Address
  • 901b, 9th Floor, Two Horizon Centre, DLF Phase V,
    Gurgaon, Haryana, India 122002
  • Phone Number 1800 200 9898
  • Email us at  hello_at_clix.capital
  • Website www.clix.capital

9
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