Enterprise Lenders
Fuel your business expansion with our customized, collateral-free business loans.
12% p.a. onwards
7 years
1%
Key Features
- Provider: Enterprise Lenders
- Loan Amount: Up to ₹2 Cr
- Eligibility: 3+ years in business
- Feature: Flexible repayment options
Eligibility Summary
To be eligible for the BizGrowth Business Loan, you generally need to be a business owner aged 21 or older with a good credit score (680+). Your business should be at least 2 years old and demonstrate stable revenue. Specific income requirements will vary depending on the loan amount requested and the lender's criteria.
Ideal Borrower Profile
The ideal borrower for the BizGrowth Business Loan is an established small to medium-sized business owner looking to expand operations, invest in new equipment, or manage cash flow effectively. This loan is particularly beneficial for businesses with a solid track record of profitability and a clear plan for growth but lack sufficient capital reserves. They are seeking a loan that provides flexible repayment options and competitive interest rates to support their long-term objectives.
Repayment Tips
To manage your BizGrowth Business Loan repayment effectively: 1) Create a detailed budget that incorporates your loan payments. 2) Automate your payments to avoid late fees and potential negative impacts on your credit score. 3) If possible, make extra payments when your business has surplus cash flow to reduce the principal and overall interest paid. 4) Maintain open communication with your lender; if you anticipate difficulty making a payment, contact them promptly to explore potential solutions.
