Business Loan

Business loans help raise capital for expanding a business and starting a new company. Read on to learn how to get a business loan

Growth is imperative for a business. Without increasing revenue and profit, a business cannot survive in this competitive climate. From innovative solutions to performance marketing, there are many ways to increase revenue. But sizeable capital is required to do all that.

The best way to fund such plans is through a business loan from lending institutions, such as IDFC FIRST Bank. There are multiple categories of business loans available in India, each of which is suited for a specific situation.

What is a business loan?

Banks and non-banking financial companies (NBFCs) in India offer unsecured business loans. The major goal is to meet the immediate needs of an expanding company. Most financial institutions provide term and flexi loans to meet a company's commercial needs. Commercial loans are another name for business loans. These loans are available to sole proprietors, privately held companies, partnership firms, self-employed persons, and shopkeepers.