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It is an unsecured loan taken by an individual or entity from a bank or a non-banking financial company (NBFC) on the basis of his business income to meet their business financial needs.
Overview
A business loan is a lifeline for those who are struggling with liquidity issue, financial sickness, and working capital. It also helps business to expand and open new business line etc. There are many types of business loan, which can be suggested according to the requirement and availability.