Already Have an Education Loan? Here’s a View on your Business Loan Applicability

The answer is probably NO. Business loan requires eligibility, and some of the common eligibility conditions are: – Your business needs to have a minimum vintage of at least 3 years. If the same condition is not fulfilled, availing a business loan can be extremely difficult. And, based on your question, I doubt if your business even has one year of business vintage. If my … Continue reading Already Have an Education Loan? Here’s a View on your Business Loan Applicability

Two Best Funding Options: Business Loan and Line of Credit

If you are looking for financing options, both business loans and lines of credit can be beneficial depending on the circumstances. In case of a business loan, you obtain a lump sum which you are required to repay within a pre-set tenor with fixed monthly pay-outs.  Obtaining a line of credit provides you with revolving access to funds which can withdraw and repay within a … Continue reading Two Best Funding Options: Business Loan and Line of Credit