Benefits of Business Loan
Hoping to excel in your career with your own business? SB Financials offers security free EMI based Business Loans for entrepreneur’s who are hoping to develop their business.
Banking and NBFC finance still remain the mainstay of India’s small and medium enterprises. Business loans help your small business grow, allowing you to invest in infrastructure, operations, and plant and machinery. Moreover, business loans can also be a veritable medium of maintaining Business for critical business operations. Customized business loans are a new category of business loans which are tailored to meet the specific needs of a new age business or startup. These loans offer your enterprise the opportunity to scale and give it the competitive edge necessary for success in today’s world.
Features of SB Future Finance Business Loan
A business loan from SB Future Finance does not put your valuable assets on risk. We offer unsecured business loans that do not require any collateral or security. So, you don’t have to worry about developing your capital assets anymore.
SBFutureFinance uses proprietary big data and machine learning tools to determine the lowest interest rates on business loans, on a case to case basis. This means, the interest rates you get from SBFutureFinance are the best ones available for your business.
Our loan tenure of minimum 1 month and maximum 36 months, vastly extends the credit relief for your business. If you are facing temporary Business problems, a business loan tenure of 6 months or more can give you the necessary buffer for resolving operational issues.
Last but not the least, SB Future Finance business loans can be repaid in monthly or bi-weekly EMIs. Our EMI options allow you to pace your repayments as per your invoicing and sales cycle, for example, if your sales are going great, you can repay your business loan two times faster with the bi-weekly EMI option.
Benefits of Business Loan by SB Future Finance
Since it is an unsecured business loan, you are at no risk of losing valuable assets or giving up precious company stock in lieu of investment. So, a SBFutureFinance business loan allows you to preserve your ownership while also providing you with the funds to grow your enterprise.
An NBFC loan from SB Future Finance is the best way to improve your business credit score as we report loan accounts to all credit bureaus. Moreover, a business loan with SB Future Finance is especially beneficial for companies witnessing a recent dip in credit score due to unforeseen market conditions.
Business Loan Fees & Interest Rates
|Customized Interest Rates||1 to 2% per month|
|Eligibility Criteria||₹ 90,000 turn over for 3 Months|
|Loan Amount||₹ 50,000 – ₹ 2 crore|
|Installments||Flexible Monthly / Bi-weekly|
Eligibility Criteria for Business Loan
SBFutureFinance has kept the eligibility requirements to the bare essentials in order to process business loans faster. We do not require too many documents or unnecessary paperwork that can hold-up the loan approval process.
- An established business that has been in operations for more than 6 months.
- A minimum turnover of ? 90,000 or more in the 3 months preceding your loan application.
- The business should not fall under blacklisted / excluded list for SBA finance.
- The physical location of your enterprises should not be in the negative location list.
- Trusts, NGOs and charitable institutions are not eligible for small business loans.
If you are not sure if your business falls under a restricted category or location, you can contact us to confirm your eligibility
Documents Required for a Business loan
|Bank statement (12 months)|
|Business registration proof|
|Proprietor(s) PAN Card Copy|
|Proprietor(s) Aadhar Card Copy|
|Partnership Deed Copy|
|Company PAN Card Copy|
3 simple steps to your Business loan
Types of Business Loans
Most people have the misconception that only banks and government institutions can sanction business loans. The truth is, there are several type of business investments available in the market that can be considered as a business loan. It is important that a small or medium enterprise owner knows about these business loan types in order to get funding through proper channels for his/her company.
Here’s a list of six most common types of Business Loan for SMEs
Under this arrangement the money is paid in advance by the factor company to the business for an accounts receivable. However, instead of paying the full amount, a percentage of amount, usually 70% to 90% of the invoice value, is paid. The rest is retained to cover unforeseen charges, breakage, delivery and quality errors. For this kind of business loans, both the buying and selling companies have to come onboard and work with a factoring company.
Business Loan EMI and How to Calculate It
The Business Loan EMI calculation is done on the basis of a simple formula i.e. E = P x r x (1+r)n/(1+r)n-1 Here, ‘E’ is the EMI ‘P’ represents the loan amount ‘r’ stands for the interest rate offered on a monthly basis ‘n’ is the duration of the loan A business loan EMI calculator is a digital version of this formula, that allows you to calculate EMI amount through a web interface.The business loan EMI calculator can help you understand the breakdown of interest and principal loan amount, thus, allowing you to decide the layout of your cash resource planning.
Business Loan FAQs
Are there any benefits of taking a business loan from SBFutureFinance?
On the other hand, we have very reasonable and lower interest rates. Also, we don’t require any collateral or property for security. It makes our loans unsecured and less risky for you.
We do not take any additional penalty for a loan foreclosure and there are no hidden payments and charges with our business loans.
Where,‘E’ is the EMI ‘P’ represents the loan amount availed ‘r’ represents the monthly interest rate ‘n’ is the duration of the loan