Business Loan/SME Loan and Start-up Loans in Noida

Business Loan/SME Loan and Start-up Loans

Loan is a sum of money that needs to be paid back to the lender as principal along with the interest, but all loans are not same. When Rajpal wanted to start a new business, he searched for a Business Loan in Noida. His friend Aditya explained him the difference between the Business Loan and a new start-up loan.

Unique SMEs, unique needs

Loans for SME/Business Loans are usually in the range of Rs 5 lakh to Rs 50 lakh. Adiloans gives these loans for those who want or strengthen existing business. Basically, any entrepreneur running a small or medium business, like small scale manufacturing, restaurant, trading business can avail these loans.

Business loan at low interest

Normal Eligibility conditions for the Startup loan include the borrower to be in the age between 28-65 years running a profitable and stable business for three years, have a record of filing taxes. The loan tenure is usually between 12 and 48 months.

The SME/Business loan interest rate usually ranges from 18% to 24%. The actual rate depends on the financial and business profile.

New ideas, new start-ups loans

Startup Loan in Noida
Although Start-up companies can avail term loan or working capital or asset-backed loans based on their requirements, Securing funds for a start-up is one of the toughest challenges an Entrepreneur faces while starting a new business. With a plethora of funding options available, it is important for the Entrepreneur to understand the pros and cons of each funding methodology, estimate the amount of funds required, the application of funds, projected financial position of the business including the returns generated and evolve a strategy – to approach and secure the required funds. With venture capital firms and angel investors enjoying plenty of coverage as a great source of funding for start-up, many Entrepreneurs are unaware that financial institutions and Banks are also an avenue of funding for start-ups. In fact, Banks are one of the largest funders of start-ups in India, providing funding to thousand of start-ups each year.  

To be eligible for start-up loans, the unit must be eligible and certified as a 'Start-up' by the concerned government authority as per Start-up India scheme. Such loans, given for up to Rs 5 crore, are given to finance for innovation, development, deployment of a new product, processes or services etc.

There are also start-up loans where the loan is given in form a line of credit (LC) or for equipment financing. For Line of Credit, if no security is required, interest rates are generally higher. In the case of start-up, loans given for the equipment financing, the equipment and tools used for Business are pledged as collateral. Hence, the interest rate would be lower that than no collateral financing.

Points to ponder upon for any business loan 

It is important to understand rather estimate your repayment capacity and EMIs when it comes to business loans. Use Adiloans Tools to help you.

Looking for a business loan APPLY NOW

Also Read : Easy Business Loan in Delhi NCR 

Comments

  1. manasimartin16 June 2022 at 23:46

    Business can grow well if you do proper branding and marketing.
    It is also important to keep in mind the guidelines for creating a logo.

    logo design online

    ReplyDelete
  2. theartshi29 June 2022 at 13:06

    MAME loan for new business- A business loan entails taking out a loan from a bank or other financial institution for a certain amount of money, which will then be repaid with additional interest in accordance with the terms and circumstances. Business loans are typically taken out to finance beginning costs or business growth.
    To know more about it then click- startup business loans

    ReplyDelete

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