Of the different categories of loans that can be drawn by companies, an unsecured loan can often prove to be the best option, thanks to the flexibility and quick turnaround time it offers. In this article, we will look at the pros and cons of unsecured loans.
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Setting up a private medical practice can be hard . Significant amount of preparation is required to make your practice successful. To set up your private practice, you need clinic space, equipment, staff and several overheads. All these require substantial funds.
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Loans are a great way to raise money. The need for some quick, extra infusion of money may arise due to personal reasons, or due to a need to expand your business. Among the different categories of small business loans, a loan against property (LAP) is arguably one of the best ways to raise funds.
A loan against property (LAP) is a loan drawn by a person against his or her property/assets. The properties that can be used to avail a LAP include; a self-occupied or rented house, a piece of land owned by the loan seeker, a commercial building and so on. These loans generally have lower interest rates than personal loans, and also offer longer repayment periods which vary between 120 to 180 months.
Continue reading “Why you can’t get a LAP and what you can do about it?”
For any business in general, and for small and medium businesses, finance is one of the most important aspects under perpetual consideration. After all, money is vital to keep the wheel turning and for the day to day operations to take place without any issues. While large businesses have multiple ways to keep the lights on, small businesses must often rely on loans to take them through lean times, or when money is needed for business operations.
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Loan Against Property is widely regarded as the most effective mortgage loan for funding a business and remains one of the most popular loan products in the small business loans category. Given this popularity, there are many sources for Loan Against Property that you can access. Here are 5 reasons why Loan Frame should be your first – and only – port of call for your Loan Against Property.
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Once you have decided to apply for a small business loan, it helps to have an understanding both of your circumstances as well as the business loan lender’s perspective. This will help to improve the odds of success, and apply for a loan type and amount that is suitable to both your needs and your capacity.
Here are 5 important questions you should ask and answer before you apply for an unsecured business loan:
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Small business loans are a popular way of funding business expansions. The growing popularity has led to an expansion in the number of loan products that finance companies have to offer to suit various needs. Typically in the case of MSMEs, lenders prefer to sanction secured business loans. This is because of perceptions about track record, repayment ability, and credit-worthiness that may not always be completely accurate. Nonetheless, secured loans remain the most viable choice for small businesses in need of a company loan.
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Loan Frame is a Fintech company which focuses on SME borrowers through an approach that marries technology with market knowledge, best practices in lending, and world-class processes. It has grown rapidly both in terms of number of clients as well as network of lenders.
Here’s why applying for a loan via Loan Frame makes eminent financial sense for you.
1. Marketplace model gives you choice
Loan Frame is a business loan marketplace. What a loan marketplace does is it collates various lenders of all types – banks, NBFCs, and any other finance company – on a common platform. This effectively makes you a buyer who chooses which seller to buy from rather than the other way around. No more lobbying with bank business loan officers and relationship managers who can introduce subjectivity to the process. Our credit team lets you know which lender’s profile matches with your requirements and you choose who to borrow from based on the best available deal.
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About the SME
Surendri Design, a well-known fashion design SME started operations in 2013 with the aim of becoming the preferred shopping destination for women across age groups. The brand has since become a popular name in the celebrity fashion circuit, and showcases its designs at renowned fashion events across the country.
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Loan Against Property (LAP) is one of the most popular borrowing tools for SMEs mainly because LAP provides a win:win solution for both borrowers and lenders. From the borrower’s perspective, idle property is leveraged for long-term business needs while for the lender, the exposure is more than secured. Little wonder that LAP is expected to be one of the fastest growing credit products.
Continue reading “Loan Against Property: Continues to be a great business loan option despite some bumps along the way”