Press Release (ePRNews.com) - NEW DELHI, India - Feb 22, 2017 - Small and medium scale businesses are constantly growing in India. A small as well a big industry requires funds from time to time. A sufficient influx of funds ensures that the business operates without any disruption and is well prepared for the future. Many a times, a business cannot prepare for certain urgencies which occur due to natural circumstances, it is thus important for the business to have additional funds to continue the operations.
Small business requires funds from time to time and there are a wide range of financiers available in the industry to serve the purpose. Banks and Financial Institutions offer a range of options for small businesses to thrive. Hero Fincorp is a trustworthy and reliable financial institution that aims to provide financial aid to small and medium business enterprises. SME loans in India are gaining importance with the growing popularity of ‘Make In India’. At Hero Fincorp, the loan process is transparent, there is a quick approval and the documentation is minimal. In addition, they have an efficient and helpful customer service which guides you throughout the entire process of application.
SME loans in India are a convenient and lucrative method to raise finance for a business. To apply for an SME loan ( https://www.herofincorp.com/sme-commercial-loans ) , the applicant needs to have a business in operation for a minimum duration of three years. The business should be profitable in nature and the applicant is required to submit the audited financial statements for the past three years, along with the projected financial statements for the coming years. The loan has a long tenure and a low rate of interest which makes it lucrative as well as the most preferred option for the business. Holding a positive credit history helps with the application and approval of the loan. The loan application is usually approved with a period of 5-10 working days with complete documentation and updated financial statements.
A public company, private company, proprietorship or a self employed individual is eligible to apply for the loan. The only requirement is the existence of a business for a period of three years. The loan application requires basic documentation which includes the company registration certificates, KYC of the directors and financial statements of the past years. A reliable financier like Hero Fincorp can provide you a loan with a hassle free process and also ensure that there is a quick approval of the same. The entire process is transparent and the efficient and friendly customer service executives can help you from the application to the approval. SME loans in India are available at attractive terms with a low rate of interest and a long repayment tenure. This helps the small business and also infuses the right amount of funds to keep the business going. Choosing the right financier is an important step towards the loan process and a reliable company like Hero Fincorp (https://www.herofincorp.com/) makes your task much easier, it has an easy and quick process that will help you with your business.
Hero FinCorp Limited