Business loan is borrowed capital that propreitors/firms/companies use for running expenses to fulfil working capital gap. Companies put borrowed funds toward office supplies, inventory or business projects. Financiers importantly want to know how the business intends to use the borrowed funds, so business owners must make sure to have a clear outline for how the money will be spent.
Business loan divided into two categories professionals and non professionals, where professionals like Doctos, CA, CS, Architect etc. can use funds to buy equipments, furnishing of their work space, expansion, new office setups etc. Non professionals stands as normal business man involves into manufacturing, trading & service industries.
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