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HOW A BUSINESS LOAN FROM SHUBHBANK BENEFITS YOUR BUSINESS

Posted on Thursday March 28th, 2019

Every business require funding at various phases as in for starting on a new project, expanding operations, or recovering from debts. Starting up a business is the part when entrepreneurs have to work out ways to make optimal use of their resources but they may not be enough. So the other way to fund your business is a business loan from ShubhBank. Acquiring a loan from bank seems easy but historically, only a few fortunate ones get to avail the benefit. In India because of the encouragement to SMEs through multiple government policies and schemes, other financial institutions also realised the unique potential of small and micro-businesses. The “Business Loan From ShubhBank” help your business in many ways like financing new equipment, increasing your inventory, and funding expansion plans. Some other benefits are also associated to our business loan that are explained below:

Flexibility: You have an option to choose from various types of loans to fulfil specific business requirements. Various loan schemes are designed for MSEs for starting, expanding, or upgrading the facility.

Convenience of Repayment: The flexible nature of our business loan reflects in its repayment options as well. We offer such flexibility because we understand the complexities involved with your businesses and how your plans are designed accordingly. We offer a flexible repayment plan as per the cash flow to avoid the difficulties in financial management. The borrower can increase or decrease the EMI as per the financial condition of the running operations.

Low Interest Rates: We are different from other private lending institutions and our rates of interest are also very competitive. The rates of interest are not determined just on the basis of the loan amount but there are number of other factors are kept in mind such as tenure of the loan, viability of the business model, financial condition of the company, and credentials of the borrower.

Easily Available: Many banks and some private lending institutions offer business loans without collateral. It becomes easy for small entrepreneurs to avail such loans and sustain their ventures. The EMI calculators and online applications provided by our bank on our website ShubhBank.com have made the process much easier than it used to be.

Business Growth: Funds, manpower and technology are the essential needs of any business. And the utmost, funds are the key aspect that makes it possible for a business to ensure all the other needs are fulfilled. The required cash flow can be a basic need to expand your business as it can be used for different purposes to grow your business. You can purchase required equipment or upgrade it to speed up your business, if you have sufficient funds. Our business loan enables you to utilise the funds according to the needs of the business.

Tax Benefits: The business loan allows you to save some tax benefit as there are sections of the Income Tax Act that state the percentage of profit utilised for repaying the loan quantum is exempt from the tax.