If you are looking for small business loans in India, you’ve three options to choose from: banks, NBFCs, and Government schemes.
The Three Small Business Lending Options In India:
Banks usually provide secured loans. The application process can be time-consuming, and not a good choice if you want quick funds.
NBFCs provide unsecured loans, and often have a simple online application process. These are great for quick funds, provided you are eligible for the same.
You can also go for schemes offered to MSMEs by the Government like Mudra, etc.
Make sure you do enough research before choosing the lender.
If you need a loan for your small business, for loans at attractive interest rates, you can contact Gromor Finance!