Is Your Bank Saying No??? Try These Top 7 Business Loan Providers In India

Are you turned down for the business loans by your banks? You’ve got options now. Individuals who wish to start their own businesses but do not have the required funds to commence operations can approach banks to meet their financial needs. Whether you are starting a business or expanding it, you need money to fund all the capital or operational expenses. These top 7 business loan providers in India will help you and your business get a business loan with the least difficulty.

To start any business or to carry on the functionality of the existing business one needs funds. But the question arises from where you can get these funds.  A business loan may be the answer to all such questions.

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These Top 7 Business Loan Providers In India Help

Empower Your Business

1.Bajaj Finserv

It’a known name in the market,  Bajaj Finserv tops the chart when it comes to top business loan providers in India. Offering low interest rates and generous flexible repayment options, business loans by Bajaj Finserv can give the much needed boost to your business, enhancing your competitiveness and profitability.

Loan for business by Bajaj Finserv gives a credit line facility, enabling you to expand your business to new heights, upgrade your existing business to latest machineries and equipment, scale up the growth and much more, at minimal repaying options.  

2.HDB Financial Services (HDBFS)

Growth & expansion of business is important for every entrepreneur. Therefore; for expansion there comes the need for funding, whether it is working capital for a big order or setting up new machinery for faster production.

HDFBS is well-versed with your business needs and provides customized solution that is right for your business. Their team comprises of dedicated professionals which helps you in determining your requirements, especially for small businesses; and you can get started within the shortest possible time. The best part is that all of this is available at your doorstep.

If you need funds for your business expansion then HDBFS busines loan proves to be the best choice. As much as the funds can be utilized to expand business, invest in new equipments, start a new franchisee, and make inventory purchases or to meet any other working capital requirements.   

3. Capital First

Capital First is one of the leading name in business loan providers in India. Furthermore; the financial service provider encourages all sorts of business loans such as startup loans, business expansion loan, loan for new machinery/infrastructure.  With minimum documentation, no collateral, no security, top up loan options and quick disbursement, it has becomes one of the popular one for Indian entrepreneurs.   

4.Fullerton India

Business loans offered by Fullerton India take care of your business financial woes. Furthermore; the loan takes care of a wide range of capital requirements, financial needs and other industrial expenses that are crucial to keep your business running.

Fullerton India’s team have the right expertise and a keen eye to understand your business requirements. Fullerton India helps SMEs grow and capitalize on business opportunities in an expanding economy.  So; whether you aspire to expand your current business venture or require new machinery or equipment for your enterprise, their tailor made business loans aims to provide you with the right answer.   

5. TATA Capital

TATA Capital; another leading name that top the list of popular business loan providers in India.  There comes a time in every business when there is a need for extra credit and funds for its smooth functioning. TATA Capital offers business loans at no collateral. These funds helps the business owners, to expand, invest and help in your working capital needs.

This borrowed capital can be applied towards daily capital expenses, for specific project funding, expansion of the business including purchasing of new machinery for the business. You can also apply to take a loan for business if you need investment for starting a new business or ancillary units for your existing business.  

6. Aditya Birla Finance

Aditya Birla Finance business loan is a unique offering, in that it is a business loan provided in India without security. Being one of the top business loan providers in India; the financial company helps businesses in an increasingly competitive environment by providing the edge through funding – companies can take loans for business expansion, machinery purchase, or to even start a new business.

Aditya Birla Finance offer businesses the opportunity to realize their goals by fulfilling various financial needs, from working capital requirement to debt consolidation, and asset acquisition. The loans can be procured by entrepreneurs, traders, manufacturers and/or companies. 

7. Mahindra Finance

Mahindra Finance understand that some business dreams need that extra push to see the light of day. The SME Loans/Business loans from Mahindra Finance are designed to serve the funding purpose in the business. Catering to the funding needs of SMEs, the loans are tailor-made for your varied business requirements. So be it expanding a small business or accumulating funds for new purchases – rest assured, Mahindra Finance will be by your side for all your financial needs.  

What Can You Use a Business Loan for?

• Working capital

Business loans are great for businesses. At times entrepreneurs require loans to meet their daily operations needs until their earnings are adequate to help them. Applying for a working capital loan can help your business get off the ground and grow further.  And as your business grows and its assets enable it to earn money, you can repay your business loan.

• Business expansion

If your business is turning a profit and has a positive cash flow, chances are that you are probably looking to expand operations and increase your reach. You can apply for a business loan to ensure your firm or enterprise keeps on going strong, and use the loan for leasing a new office space, hiring more workforce, building efficient technological support, procuring raw material, increasing your marketing, etc.

• Buying machinery or equipment

One good reason to apply for a business loan to buy equipment. You can use the equipment for its life and later sell it for a salvage value. Make sure you do a cost-benefit analysis before you buy or lease equipment.

• Infrastructure

Infrastructure is often the backbone of companies. Business owners can use a business loan to acquire delivery infrastructure or processing facilities.

• Women entrepreneurs business loans

These business loans cater to the financial needs of women entrepreneurs, giving them funds to create a competitive business. Business loan for women can be a turning point for your business. Therefore; making a huge difference in company’s cash flow and thus setting it on a path for faster growth.

Are you ready to explore the different options available for your Business Loan?