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Expanding Your Operations With A Business Loan

Published on Aug 9, 2019Updated on Jan 12, 2024

Expanding Your Operations With A Business Loan

Every business starts with a vision, a dream of taking an idea to reality. A business may look great on paper but many companies falter when it comes to execution. This is usually because of limited understanding of operations in the real world which comes with experience. Many a times, you may have a great idea for a new venture but are not quite sure how to implement it. Funding is the most common constraint to start, grow or enter a new line of business. And in today’s fast-paced business environment and rapidly growing competition, you wouldn’t want to let go of a good idea due to lack of timely funds.

Why take a Business Loan?

There are various options for raising funds especially for adding a new line of business. Though you could invest funds from your existing portfolio, it would be a rather risky call, in case the new venture doesn’t take off as expected. The ideal solution in this scenario is to get a business loan so that you don't have to risk your personal assets. Business loans are specifically designed for different operational scenarios and needs with corresponding terms and conditions. Whether you are looking to bridge a gap in working capital, increase production capacity, lease a new premise or expand your business with a new venture - business loans can help you achieve each of these goals. A customised offering will also help you fulfill capital requirements and cover operating expenses while you are starting a new venture.

Business Loans - multiple benefits with a single solution:

  • Timely access to funds: If you get your timing in business right, you are bound to be successful. But when the time comes, you need to have the resources to get into action. With timely resources being the need, credits for new ventures or expanding an existing business are designed to disburse funds through a smooth process that only takes a few days. In case of securing funds through venture capital firms or angel investors, you have no control over the timing of your business as sometimes it could take months to take one small step. A Business Loan helps you make key decisions at the right time and have complete control over the process.
  • Professional advisory: While applying for a business loan, you have the facility of consulting professionals who are skilled and experienced, at every step. They assist you in understanding and analysing your business needs and offering valuable inputs on areas you may have overseen. They can also partner you in optimising your credit with customised terms.
  • Customised for financial requirements of any size: The foremost benefit of a business loan is that it is available for all types of financial requirements, big or small. A small business loan for minor requirements such as meeting overheads or purchasing equipment would be easy to get, and depending on the amount and the lender, your loan could even be collateral-free. Term loans usually cater to larger investments such as purchase of property for expansion.

A loan to expand with a new line of business can be your shortcut to success with minimal risk. Consult a reputed financial institution with relevant products and expertise to help you find the right solution tailored for your current needs.

* Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us

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