What is a Business Loans?
Access to timely finance is crucial for business growth and stability. Business loans provide funding for expansion, working capital, equipment purchase, and day-to-day operational needs.
At Novasure, we help businesses explore and choose the right loan solutions based on cash flow, business stage, and long-term goals.
A business loan is a financial product designed to support business-related expenses. Depending on the lender and loan type, business loans can be secured or unsecured and are repaid through fixed or flexible repayment schedules.
Business loans are tailored to meet the unique needs of startups, SMEs, and established enterprises.
Types of Business Loans
Term Loans
Provided for a fixed tenure with structured EMIs.
Working Capital Loans
Designed to meet short-term operational expenses.
Secured Business Loans
Loans backed by assets such as property or equipment.
Business loans help businesses manage both growth opportunities and operational challenges.
Key Benefits of Business Loans
- Funds for expansion and growth
- Improved cash flow management
- Flexible repayment options
- No equity dilution
- Supports business continuity
Business Loan Eligibility Criteria
Eligibility depends on:
- Business vintage
- Annual turnover
- Profitability
- Credit score
- Nature of business
Eligibility criteria vary by lender and loan type.
Business Loan Interest Rates & Tenure
Interest rates depend on:
- Business financial health
- Loan amount and tenure
- Type of loan (secured/unsecured)
Tenure generally ranges from 12 months to 5 years or more for secured loans.
Documents Required for Business Loans
Common documents include:
- Business registration documents
- Financial statements
- Bank statements
- KYC documents
- GST returns (if applicable)
Business Loans vs Other Funding Options
Feature | Business Loan | Equity Funding | Overdraft |
Ownership | Retained | Diluted | Retained |
Cost | Interest-based | Equity share | Interest |
Repayment | Fixed | Not required | Flexible |
Risk | Moderate | Shared | Moderate |
Business loans are suitable for controlled and planned growth.
Risks to Consider Before Taking a Business Loan
Before borrowing, consider:
- Repayment capacity
- Interest costs
- Cash flow impact
- Loan tenure
Responsible borrowing ensures business sustainability.
How Novasure Helps with Business Loans
- Comparison of business loan options
- Eligibility assessment
- Documentation and application support
- Repayment planning guidance
- Ongoing assistance
FAQs
Fund Your Business Growth with Novasure
Business loans can help unlock growth opportunities when chosen wisely. Novasure helps you select the right funding solution that supports your business goals without unnecessary financial stress.