Term Loan / Working capital Loan / CC through Project Finance

A new business needs more money to initiate business to buy equipment, rent a space, and hire employees. This is where project-term loans and working capital come in. Term loans are like traditional loans, where you borrow a certain amount of money and pay it back over in specified term with interest. Working capital is a line of credit that you can use to cover your day-to-day expenses, like payroll and rent.

Nationalized banks and SIDBI are two popular choices for term loans and working capital for new businesses such as Green Field Enterprise. This is because they typically offer lower interest rates, Allow as per their guidelines and have a more streamlined application process than other banks and financial institutions. Once your business is up and running, other banks and financial institutions may also be interested in providing you with loans and working capital.