Availability of credit is crucial for any business, especially when it’s implementing a big project. The availability of Flexi business loans ensures your ambitious project doesn't hit a roadblock due to a lack of funds. Here's how such loans help you successfully implement a big project.
Facilitates investment in research, training and development
Undertaking a big project warrants investment in research, training and development. Research involves identifying:
- Smarter ways of product development (PD)
- Hurdles in the project
Training and developing the workforce on the latest tools and technology in PD goes a long way in creating world-class products that appeal to the masses.
Note that R&D and training programmes require huge capital. For this, we at Bajaj Finserv offer Flexi business loans at a competitive interest rate. It is a scalable model of finance which can be used to fund your R&D and training activities. For example, funds can be withdrawn at your convenience for a research project and can be repaid with the revenue the project generates.
Additional read: Business ideas for women and how to arrange for funds
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