Loans for Business Expansion
Banks and NBFCs offer a variety of business expansion loans to meet the demands of growing businesses
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The five most suitable loans for business expansion are -
· Term Loans
· Equipment Financing
· Line Of Credit
· Short-Term Loans
· Invoice Financing
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Term Loans
Term loans are used for general working capital needs, inventory investment, workforce, renovation, and so on.
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Equipment Financing
Loan for purchasing new equipment, easy to obtain with collateral.
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Line of Credit
Access to fixed cash for every day business expenses and flexible payment options.
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Short-Term Loans
Small business loans over a short period, with a higher interest rate from an alternative financial body.
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Invoice Financing
Selling invoices to lenders for the majority amount, with remaining funds released after payment, excluding fees.
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