How to Use Your Business Loan for Expanding Your Business
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How to Use Your Business Loan for Expanding Your Business

  • Highlights

  • Business loans facilitate business expansion

  • They fund working capital, equipment, and other needs

  • Lower your EMIs with Flexi business loans

  • Unsecured business loans are approved instantly

Business requires finance to grow. There are several costs involved in running a business such as expenses towards premises, staff, inventory, equipment, and others. Business loans can tackle these costs.

Rent or lease premises

Ravi is offering fully serviced co-working office spaces. He makes available high-speed internet connectivity, printer, meeting rooms, and snacks. The demand for co-working spaces is high, and he intends to increase his business by adding more desks. Ravi can avail a business loan to purchase additional workstations, and service the added rent, and other related expenses. NBFCs provide collateral-free business loans which get approved within a day.

Purchase or lease of additional equipment

Jaggi is offering electric cars on rent to individuals. Office-goers drive the volume of his business, and he intends to buy few more electric vehicles to cater to the increasing demand. Jaggi can avail a Flexi business loan to finance the addition to his fleet of cars.
Flexi business loan allows you to borrow the needed sum from a larger approved loan limit. You can repay part of the amount whenever there is a surplus of cash. The interest is calculated on the borrowed sum, and not on the entire loan limit, thereby resulting in more affordable EMIs.

How To Get Small Business Finance From Bajaj Finserv

Working capital financing

Trisha has a business that rents out branded, and designer clothes. Business loans can help small business owners including Trisha to fund the inclusion of additional inventory, staff salaries, and management of the daily operations.
Apart from this, Flexi business loan can support your marketing campaign, business insurance, licenses, and more.
To further reduce your EMIs you can opt for interest-only loan where the EMIs include only the interest component. The principal is paid at the end on the loan facility.
Flexi business loans allow you to make part-prepayment if you have extra funds. Bajaj Finserv requires you to repay at least 3 EMIs of the loan borrowed as the part-prepayment amount. Flexi business loans are disbursed quickly, and help to expand your business.

Business Loan Instant Approval

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