We understand your business dreams and growth aspirations. There are phases of a business cycle when you seek financial avenues to fuel the growth of your small or medium level enterprise. Quite often your business needs that extra push to take it to a new level of development. In a stiff competitive environment and an ever growing economy, you would not want to lose any business opportunity that comes your way.
Our Business loan at PRIME FINANCE is designed to do just that. We take care of a wide range of capital requirements, financial needs and other industrial expenses that are crucial to keeping your business running. We have the right expertise and a keen eye to understand your business requirements. So whether you aspire to expand your current business venture or require new machinery or equipment for your enterprise, our customized business loans aim to provide the right answer to your problems based on your needs.
Purpose
- Working Capital Finance: Loans for your day to day business needs
- Collateral Free Loan
- Loans for New Entities
- Finance for Importers & Exporter.
Benefits of a Business Loan:
Whether you need finance to buy a car, caravan or boat, whether you’re planning a holiday or a home extension a Business loan can offer you unique benefits such as:
- A secured loan:
A secured loan is one which has the item you are borrowing to purchase, as security against the loan. This means if you default on the loan and can’t make your payments your lender is able to seize the item to recover their costs.
- A lower interest rate:
A Business loan has one of the lowest interest rates of any type of financing and much lower than a credit card interest rate. A secured Business loan has an even lower rate than a standard Business loan as you are less of a risk if you are able to put up an asset as security against your borrowing.
- A set term:
Unlike a credit card which you can be repaid for an indeterminate number of years, a Business loan has a short set term, often five or seven years, so you have a clear end point in sight. You can also often choose your own Business loan term, for as short as one year in some cases.
How to Apply for a Business Loan:
The Business loan market is a competitive one and if you take the time to shop around and compare you can come up with a Business loan package with the lowest interest rate and the best choice of features for your needs.