Quick & Easy Business Loan - Future Fynamics

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Information about Quick & Easy Business Loan - Future Fynamics

Published on March 25, 2019

Author: futurefinancecorp

Source: authorstream.com

Quick & Easy Business Loan : Quick & Easy Business Loan Top Features and Benefits - Fynamics Corporation Introduction: Introduction Every business man dreams for their business growth and looks for the new level of development but there are phases when you seek financial avenues to fuel the growth of your business. Business Loans thus helps you in providing funds to small, medium and large enterprises at attractive and competitive interest rates, borrow capital without pledging any of your assets and get access to credit that can be repaid over a specific period of time. Businesses requires an adequate amount of capital to fund start-up, or if u need funding to expand your existing business, buy machinery or boost production, companies take out business loans to gain the financial assistance so that they don’t lose any business opportunity that comes their way in a stiff competitive environment. Reasons why You Can Apply for Business Loans : Reasons why You Can Apply for Business Loans Purchase of Real estate : We provide loan to the existing firm who are likely to expand their operations and want to grow more by purchasing any real estate. Purchase of Equipment : The business needs equipments to perform day to day activity and there is a good reason to take business loan to buy an equipment. Purchase of Inventory : Sometimes small - business who are seasonal in nature , particularly retail business apply for loan for the purchase of an inventory so that they can make most of its sales during that period. Increase working capital : Small business needs business loan to manage their day to day operational needs. Marketing and Advertising : Media companies, retail companies and online companies needs funds to market or advertise their brands or product online or offline in order to create brand awareness or for generating leads. Benefits: Benefits 1) Improve Strategies : You can accomplish your business needs by frequently assessing and improving your strategies with the funds you get from business loan, which further help business in growing and achieving its goals. Small business can : Purchase Inventory Renovate office Pay Bills Hire More employees Advance existing operations 2) Marketing efforts : Your business product or service should constantly comes up with different marketing initiatives to continue attracting existing as well as new customers . So it is better to invest business loan fund in different marketing initiatives like : Promotion Advertising Product packaging Digital Marketing Designing and many more Slide 5: 3) Additional Working Capital : To run the business operation smoothly even when the sale declines , adequate cash flow is required. Business Loan amount can be fruitful in case of an unforeseen circumstances. 4) Upgrade Equipment : It is essential to use modern equipment to avoid boredom. Using loan amount in timely innovating and upgrading equipments or tools to enhance the employee accuracy further help organization to work efficiently and maintaining good working environment. 5) New and Innovative Technology : Business Loan amount can be used used by the organization in updating or purchasing new and innovative technology to improve the speed , productivity and efficiency of the employees and give them a better insight. 6) Business Expansion Plans : Every organization work to achieve large, thus fund is required if you plan to expand your business . Business loan in Ahmedabad, Gujarat can help business grow better as this fund can be used in expanding their business in existing or new location or in purchasing new and updated technology. How to Apply for Business Loan : How to Apply for Business Loan Business loans can easily be applied online by just filling an application form according to your needs and requirement and wait till the lender approves and consider you to be eligible for the loan. Documents Required : PAN Card for company, firm or individual Proof of ID, in the form of, copy of Aadhar Card, Passport copy, Voter’s ID copy, driving license. Proof of address, in the form of, copy of Aadhar Card, Passport copy, Voter’s ID copy, driving license. Bank statement (last 6 months) Latest ITR along with computation of income, balance sheet and P&L account for the last 2 years. All financials must be CA certified or audited. Proof of continuation (ITR/Trade License/Establishment/Sales Tax Certificate) Sole Proprietorship Declaration or certified copy of Partnership Deed Certified true copy of Memorandum and Articles of Association Business Loan Eligibility: Business Loan Eligibility Allopathic doctors, chartered accountants, company secretaries, architects, etc Traders and manufacturers Following entities can avail business loan Partnerships Limited Liability Partnerships Private Limited Companies Closely Held Limited Companies Furthermore, applicants have to fulfil the following criteria in order to be eligible for a business loan- Minimum turnover of Rs.40 Lakhs Minimum 3 years’ experience in current business Minimum 5 years of total business experience Business should be making profit for last 2 years Minimum Annual Income (ITR) is Rs.1.5 Lakhs per annum Minimum age of applicant is 21 years Maximum age of applicant is 65 years at the time of loan maturity Common Mistakes to avoid while applying for the loan: Common Mistakes to avoid while applying for the loan Submitting blurred out, illegible, or unreadable financial documents Not being clear about the purpose of the loan Providing tax returns and other financial documentation only for some years that the lender requests and not for others Do not write too much or too less information in your business plan. Typos, such as providing the wrong industry code or wrong EIN number Do not miss the deadlines Making major purchases or other major changes to your business while the loan application is pending Avoid making any false statements knowingly or unknowingly on you loan application.Talk to any accountant, lawyer or professional if you have nay doubt about any details or financial mentioned in your application Slide 9: Future Fynamics offers easy and quick business finance to small & medium businesses at low interest rates. We can give your business the much-needed boost to help your enterprise scale new heights with enhanced competitiveness and profitability Thank You https://futurecapital.in/ 304 B Narayan Krupa near sakar 5 Mithakhali gam , Navrangpura, Ahmedabad , Gujarat 380009 072260 07800

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