Business Loan

Business loans are set on the goal to help you establish a new business, buy a present business or franchises. You can even make improvements on the current business. To get your loan approved, you should prove the viability of the business and show them it is lucrative. You may have the skills required to run the firm and so, show them you are capable of repayment in the time-frame.

How much can I borrow

Your business acts as a security when you avail a business loan. Here, banks lend up to 50% of the value or price of the business excluding GST. In case you want a bigger loan, then you can pledge other assets as collateral like your home or property. Banks then give up to 80% of the value of the assets that act as security.