123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

What Are The Categories Of A Business Loan?

Profile Picture
By Author: Arjit Chalmela
Total Articles: 26
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

It is critical to have a healthy balance sheet when it comes to running your business. Whether it is daily cash flow requirements, extending a new business line, business expansion, purchasing new machinery, equipment, or technology, a business needs funds at every stage of its growth or maturity.
business loan could be a suitable option for financing your business goals and meeting your objectives. You can choose the type of loan depending upon your financial needs to meet your goals. Here are the different loan categories offered by banks and lenders:

Machinery and equipment loan: A business needs to evolve to stay competitive and serve its customers well. A machinery or equipment loan can help you achieve the same by financing new machinery or repair or upgrade an existing one. It can help you thrive in today’s highly advanced and innovative market. 


Working capital loan: Every business needs money to ensure the smooth running ...
... of operations and day to day activities. However, you may fall short of finances, due to which you cannot run your business correctly. A working capital loan is an excellent product customised to fund your working capital needs like inventory management, cash flow, or other operational needs. 


Professional loan: Starting your business venture can be a daunting task. You need to consider the cost of real estate, human resources, and technology. A professional loan is a product custom-made for self-employed professionals like Chartered Accountants (CA), Doctors, Engineers etc. As a professional, you can avail of this loan to start or grow your practice and serve your customers well. 


Loan for women: Women have always been a source of inspiration due to their ability to plan and multi-task. Loan for business is a product designed to help women entrepreneurs start their business or expand an existing one. It comes with exciting benefits and features to help women realise their dreams and achieve their goals and objectives.

You can apply for this loan by visiting the bank branch personally or logging on to the website. You need to check your loan eligibility by providing your professional and employment details. Banks also allow you to customise the loan offer by entering the required loan amount and repayment tenure. After you upload the necessary documents and submit the loan application to the bank, it will verify the information.
After your application receives approval, the bank will disburse the loan amount directly into your bank account within 24 hours.

Total Views: 185Word Count: 402See All articles From Author

Add Comment

Investing / Finance Articles

1. Payday Loans Online Same Day - Special Financing For People With Bad Credit
Author: jockey Ferguson is a financial adviser of Fast Pay

2. How To Buy American Gold Eagle Coins
Author: BOLD Precious Metals

3. Difference Between Tax Credits And Tax Deductions
Author: Acquire Tax Credits

4. Get Instant Cash Today With Same Day Loans Direct Lenders Uk!
Author: Jack Ryder is a financial adviser of payday lendz

5. Fast Payday Loans Online Same Day-an Easy Way To Borrow Money
Author: jockey Ferguson is a financial adviser of Fast Pay

6. Why The Growth Of Cryptocurrency Is Inevitable?
Author: shubh

7. Buy Best 10 Oz Silver Rounds
Author: BOLD Precious Metals

8. Choosing The Right Wealth Management Company
Author: Drishti Desai

9. All You Need To Know About Current Accounts - Are They Debit Accounts?
Author: Abhishek Sauray

10. Navexm Journey
Author: shubh

11. Payday Loans Online That Are Quickly Available To Meet Your Financial Needs
Author: jockey Ferguson is a financial adviser of Fast Pay

12. How Do I Apply For A Short Term Loans Uk?
Author: Jack Ryder is a financial adviser of payday lendz

13. How Crypto Regulation Can Help Crypto Investors
Author: shubh

14. Smartly Managing Your Family Finances
Author: Drishti Desai

15. Use Stop Buy Or Stop Sell Orders To Protect Yourself From Crypto Trading Losses
Author: TrailingCrypto

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: