Whether you are planning
for a startup business or willing to expand your current business, one thing
that every businessman needs is financial assistance at some point in time. We
all know, it is impossible to have a huge amount of liquidity.
When you are asking for a business loan in Dombivli?
You need to have a strong
business plan in order to get the loan. The lender before passing you the loan
would want to make sure that you will return it in time and according to the
terms and conditions discussed at the time of the lending loan. Thus prepare an
excellent business plan before going to ask for a loan. Some major points that
the lender will check before sanctioning you the loan is -
- Company Description
- Details of Goods and
services your company deal in.
- Tools and Strategy for
Marketing
- Staff and Management
Experience and Skills.
- Financial Projection
- Yearly cash flow of last
year.
- Purpose of Loan
- Future Strategies and
plans.
Business Loan In Dombivli |
Prepare a document having
the details of all such points. Make your deals clean and legal. You can take
the help of an accounting firm also to prepare the documents.
Remember another thing
that bank is not the only place to get a loan from. If the banks refuse to
sanction your loan you can try getting SBA loan financing from the government,
invoice financing etc. Online Fundraising is also another popular option
nowadays. Many startups which have unique idea and concepts can easily raise
capital from funding websites.
When to seek for Housing Loan in Dombivli?
In our country, having a
house of our own is still a dream for many people. However, now it is not that
difficult as there are multiple financial institutions providing easy loans at
affordable rates. Still, you should consider some point while searching for the
loan to get it more promptly.
You will need the
following documents while applying for the loan -
- Duly signed photograph
of yours.
- Identity proof (for
resident and age verification)
- Bank statements of last
6 months.
- Valid salary slip of
last 3 months and if you are a businessman then proof of business existence.
- Authentic cash flow
statements if you are a business owner.
- Documents of income tax
returns.
- Other bills and papers
as required by the lender.
Housing Loan In Dombivli |
You will need all these
documents during the whole process of loan sanctioning. Thus it is advisable to
keep ready all such documents in advance in order to avoid any unnecessary
delay and inconvenience.
Also, like business loans,
many private financial agencies also grant housing loans. You can get a loan
under a government scheme also. Thus, before moving towards a specific option,
try researching on the Internet about the wide availability. Ask your relatives
or use the personal network to find the best deals.
You can hire a lawyer to
help you in getting the approval for loan sanction or take the help of counselors.
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