Overview
Availing the right business loan can be the difference between thriving and struggling businesses. It is a great source to fund the business without any collateral for various purposes, including working capital, equipment purchase, inventory purchase, etc.
PKC is a leading financial advisory firm specializing in providing loan consultancy services to businesses of all sizes. We have a team of experienced loan consultants who are well-versed in the various types of loans available in the market and can advise you on the best tailor-made loan deals for your business needs.
Who Can Get Business Loans?
Business loans are available for all types of businesses, whether small businesses or large corporations. However, the eligibility criteria for availing the loan vary from lender to lender. Typically, it can be availed by:
Why Opt For A Business Loan?
There are various reasons why businesses opt for loans. However, some of the most common reasons include:
Meeting working capital requirements
Most businesses require working capital to keep the business running daily. Loans can be availed to meet these requirements.
Expansion of business
Businesses often take loans for expanding their operations by opening new branches, setting up new production units, etc.
Purchasing equipment
Equipment purchase is a significant requirement for many businesses. Loans can be availed to finance the purchase of new equipment.
Launching a New Product
New product launches often require significant investments in terms of R&D and go-to-market costs. Business loans help to fulfill such needs.
Advertising & Marketing
Advertising and marketing campaigns are necessary for businesses to promote their products and services and can be funded by business loans.
Business Loan Amount and Tenure Availability
The loan amount and tenure offered by lenders vary depending on the type of loan, the business’s credit history, and other factors. Typically, businesses can opt for loans ranging from INR 50,000 to 1 Crore for a period of 1 to 5 years.
Types Of Business Loans That You Can Avail
1 – Term Loan :
The loan amount is disbursed in a lump sum and needs to be repaid over the tenure with EMIs. It can be either short-term or long-term, with the repayment period ranging from 1 to 5 years.
2 – Overdraft Facility :
An overdraft facility is a type of loan that allows businesses to withdraw funds up to a certain limit, even if the account balance is zero. The interest is charged daily only on the amount used and not on the entire limit.
3 – Line Of Credit :
A type of credit limit prevailing in trading businesses. The bank provides a funding guarantee for enterprises that deal in international trades that can be used for imports and exports.
4 – Invoice Discounting :
A short-term loan type in which businesses can avail funds by selling their invoices to lenders at a discounted rate. The lender then keeps the entire invoice amount when the customer makes the payment.
5 – Loan Against Property :
Businesses can also use their commercial or industrial property as collateral to avail of a loan. The loan tenure is typically 5 to 15 years.
6 – Machinery Loan :
Machinery loans are availed to finance the purchase of industrial machinery and equipment. They are typically valid for large enterprises in the manufacturing sector.
Why Choose PKC Business Loan Consultancy?
PKC Consulting provides a wide range of services to help you get a business loan, including:
01
Industry Expertise
We have a team of experienced professionals who understand the financial needs of businesses across industries. This helps us provide customized solutions that are specific to your industry.03
Access to Lender Network
We have a network of leading banks and financial institutions that we work with to get you the best deals on business loans.02
Transparent Pricing
We believe in being transparent with our pricing and do not have any hidden charges. This way, you know exactly what you’re paying for.04
Competitive Interest Rates
We work with our lender partners to get you competitive interest rates on all business loans.05
Flexible Repayment Options
We offer flexible repayment options to suit your business cash flow. With a range of alternatives, we make sure you can choose a repayment plan that works for you.
At PKC, we understand that businesses have different financial needs. That’s why we offer loan consulting services to bridge the gap between you and the right lender.
Frequently Asked Questions
Loan consulting service is offered by PKC to help businesses find suitable loans for their needs. This involves identifying the right lender, negotiating the best terms, and helping with the application process.
PKC charges a flat fee for our loan consulting services. This fee is based on the amount of the loan and the complexity of the application. Connect with us for an immediate quote.
The loan consultancy process can take anywhere from a few days to a few weeks, depending on the complexity of the application and the loan amount to be disbursed. Smaller loan amounts are typically processed faster than larger ones.
There are no eligibility criteria for loan consultancy. However, we recommend that you have a minimum annual turnover of Rs. _____ lakhs to be considered for our services.
To apply for loan consultancy, you will need to provide us with your latest financial statements, bank statements, and KYC documents. In the case of businesses, we will also need the company’s incorporation documents.
We have a network of leading banks and financial institutions that we work with to get you the best deals on business loans. We will select the lender that offers the most competitive interest rates and terms for your business.
