Business Financial Service are given, to business owner who are having a requirement of money for working capital or to purchase a big plant and machinery or for any other business reason.
Financial Service are given to all kind of business, to a small firm or to a large scale company. It can be tailored made to meet your unique business need.
Business Financial Service are specifically lent for business purposes, there are variant product of business Financial Service like bank Financial Service, , asset based financing, invoice financing, micro Financial Service, business cash advances, cash flow Financial Service.
Rate of interest varies from 12.5- 20%. The interest rate depends on a variety of factors that include:
There are Financial Service which are specially given to women to strengthen their business. Business Financial Service can be given to Self-employed professionals, Self-employed non-professionals, or to Entities like partnerships and companies. Nonprofessionals can be traders, manufacturers, retailers, wholesalers, distributors, exporters or importers. They should have a minimum operation period of 2- 3 years, Annual business turnover of 1 crore and good cibil score. Business Financial Service can be given for 12 and 36 months tenure.
If your creditworthiness is high and the business credentials are sound then you are likely to be charged at the lowest rate of interest.
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