Sources of Small Business Financing
In India, entrepreneurs have option to choose from a wide range of secured and unsecured business loan products. Some of these business financing options are conventional, whereas others are modern and technology-driven. Likewise, the business loan products differ from each other in the category of lending limit, repayment period, rate of interest, and eligibility criteria. But the small business owners can easily avail credit at favourable terms by comparing business loan products provided by various lenders. Also, the small business owners need to understand various sources of small business financing in India.
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