Where to check for business loan?
Mohan Shetty (Finance Professional) (101 Points)
21 January 2014Where to check for business loan?
Amit Kumar
(MBA finance)
(37 Points)
Replied 05 June 2017
There was no easy way to get a loan.
In order to secure your finances using a loan, you needed to convince the traditional banks and loan lending institutions - that you have the credibility and worthiness to apply for a loan, and repay it on time. Usually, all you needed to do is endless trip to the institution, filling up multiple forms and waiting for the golden period. The low approval ratings, time taking process, and no assurance you will be getting a loan make it factually complex to opt for banks and traditional financial institutions for loans
But, wait - if you are a small business owner in need of some urgent money, today technical innovations have made it factually simple, extremely quick and hassle-free to get a loan.
One of such helpful sources is Lendingkart which aims to make working capital finance available at the fingertips of entrepreneurs, so that they can focus on business instead of worrying about the gaps in their cash-flows.
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