Loans for Startup Business in India

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TI Lending

• Loans for Startup Business in India

tilending_at_tradeindia.com
www.tradeindia.com/ti-lending/
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(No Transcript)
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• Almost every startup faces challenge of meeting
  operating cost and perfectly balancing them to
  further grow and expand. It is like you are
  hungry for funds but as you are new, so financial
  institutes are not willing to help you and take
  risk. In this case, under many schemes of
  Government of India, there are many banks that
  are offering Business Loans for Startups. Just
  like other banking loans, startup loans also
  allow a company to borrow from conventional
  lenders and run their operations.

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• Companies must keep themselves aware of the fact
  that perfect documentation is a key to access
  many funding options of the market. Startups must
  maintain proper documents, to increase their
  score and thereby chances of getting short term
  loans and long term loans. Here are the points
  that we suggest to all the startup entrepreneurs
  to focus on
• Make a crisp and detailed plan for which you need
  funding.
• Cite down all the objectives that indicate the
  business growth and potential return scope.
• Have clear estimation of the funds

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• When it comes to availing MSME Business Loans in
  India, there are two types of loans that are
  extensively avails, they are
• Line of Credit This one is more like a credit
  card, which instead of getting applied to
  individual personals credit, applies for the
  business credit. The main advantage of this loan
  is that borrowers need not pay interest of the
  taken loan amount for the first nine to 15 months
  and hence they can manage handling preliminary
  expenses of the newly started business.

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• Equipment Financing It is a collateral loan that
  enables bank to charge a lower interest but with
  a higher risk. By taking this loan, a borrower
  needs to repay the amount that he has invested on
  purchasing the equipment by earning revenues from
  their business. The main advantage of this one is
  that tax benefit can be claimed by the borrower
  for the depreciation of the equipment.

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• Why You Should Take Startup Loan for your newly
  started small business?
• Minimal documentation time is required
• Entrepreneurs need to show evidence of their
  personal credit history
• Ease of repayment and flexible tenure
• Generally, any kind of security or collateral are
  not asked by banks for business startup loans
• Highly fair interest rates but it depends on the
  credit history of an individual
• Banks cannot claim on the profits earned by the
  business
• Tax benefits can be claimed by borrowers on the
  interest paid amount
• Supports in making credit score of the business

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• To know best deals on Startup Loans, you can
  contact TI Lending, which is an initiative of
  Indias leading B2B marketplace, to help
  businesses run and grow themselves. With
  association with its partner, this company
  supports in providing Quick Business Loans in
  India at low interest rates.
• Source URL

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