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Learn about various business financing products available in India

Know various funding options available for your business. <br><br>https://www.herofincorp.com/blog/different-types-of-business-loans

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Learn about various business financing products available in India

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  1. Learn about various business financing products available in India

  2. Term business loan • They are unsecured and provide up to Rs 25,00,000 in funding. Working capital finance • They provide funds worth up to 80% of the underlying asset. • These are secured loans that are backed up by the underlying security.

  3. Letter of credit • The financial institution is responsible for paying your creditors if you default. Bill discounting • Funds are provided against invoices for which you have not yet received payment.

  4. Overdraft facility • You can withdraw funds in excess of what is available in your account. Medical equipment loan • You can only use the funds to purchase medical equipment.

  5. Government schemes • Various government loan schemes provide funding assistance to startups. Merchant cash Advance • Funds are offered based on the volume of transactions processed via POS machines.

  6. Different loan products have different eligibility requirements and are tailored to specific business needs.

  7. Thanks! Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : customer.care@herofincorp.com Website : https://www.herofincorp.com/ Know More : https://www.herofincorp.com/blog/different-types-of-business-loans

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