Bank Loan

Bank Loan

Capital in the form of debt or equity in one of the fundamental requirements for starting, managing and growing a business. In India, it is easy for most businesses to syndicate capital in the form of debt from Banks as banks have a strong mechanism for evaluating and disbursing funds. Further, banks contribute more capital to businesses in India more than Private Equity Funds or Angel Investors or Venture Capitalist, therefore it is important for all Entrepreneurs to know about the banking facilities available and avail them properly.

HIGHLIGHTS OF BANK LOAN

Bank Loan Syndication is the process of formulating a credit request, preparing a detailed project report along with the necessary documents, submitting the requests to banks or financial institutions and obtaining sanction & disbursement of credit facilities.
There various types of bank loans available based on the requirements. Some of the bank loan types are Term Loans, Cash Credit Facility, Letter of Credit Facility, Corporate Loan, Loan against Property, Loan against Shares, Bank Guarantee, etc.,
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme provides a way for Entrepreneurs to obtain a bank loan of upto Rs.1 Crore without any collateral security.
A well drafted Detailed Project Report will ensure easy approval of the requested credit facilities. So an experienced Financial Professional with good writing, presentation and financial analysis skill must prepare the Detailed Project Report.

FREQUENTLY ASKED QUESTIONS

Short Term Loans

☞ A loan which is scheduled to be paid in maximum 1 year. When your business isn’t entitle for a line of credit from financial lenders, you might still have success in getting money from then in the form of a short-term loan (less than a year) to finance your short period working capital needs.

 

Long Term Loans

 

☞ Business Term Loan are the definitive commercial loan, commonly used for major investment in the business

or in an asset addition. These loans often have fixed interest rates, along with monthly or quarterly instalments schedules and a set maturity date.

 

Startup Business Loans

 

☞ If you have a great new business idea for the first time, and you deficit in capital? We understand getting new business loans is always challenging, but we may be able to assist you and your new business with the loans you require.

 

Credit Line Or Line Of Credit

 

☞ Business lines of credit are literally unsecured debt, you don’t have to provide collateral or assets, which the lender can sell to claim in case of default. This concept is similar to a business credit card, but getting a cash advance from a credit car

☞ Anyone who owns a business knows:

It takes money to make money. That makes access to working capital necessary — whether you’re just incorporated or have big plans to grow your existing business. In fact, just about every business requires an extra working capital from time to time to make changes in the business. When this situation arise, Business Loans might be the best option. As at LegalRaasta you get business loans very smoothly.

☞ On occasions when in your business you just need some extra capital or big capital instantly. At LegalRaasta as a matter of fact you can get finance quickly.But how can you find financing that your business can afford?

We deal with all sorts of business here at LegalRaasta, and we’ve got some wavelength into which application lead to which loans. Take a look at what you need to qualify. This will help you figure out whether a term loan is the right product for you or not.

☞ The rate of Business Loan is affected by various ways:

1) What type of Loan you are choosing?

2) Annual Turnover of your company

3) How long you want the loan?

4) What is the credit score of your company?

5) Time is business