Are You Eligible for a Short-term Business Loan? Find out.

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Cash flow is one of the most important requirements of any business. You never know when you might be presented with an unbelievable business opportunity that you simply cannot afford to pass up. When your business is in need of immediate funding what do you do? Angel investors are usually hesitant when investing in a business that hasn’t been around for a good number of years. Applying to a financial institution, like banks or finance companies, for a loan may seem like the most obvious option to go with. However, your business has to qualify for the loan based on a very specific criterion set by these financial institutions. All financial institutions have their own unique standards against which they will gauge your business before sanctioning and issuing a loan.

Here are 6 eligibility markers that banks usually rely on for a business loan application:

  1. Annual Turnover:

Most financial institutions will gauge the future success of your business based on your annual turnover. Some institutes have a minimum requirement of ₹ 40 lakhs, and a maximum requirement of ₹ 300 crores. Some private credit providing companies have a more flexible requirement.

  1. Active Years in Business:

Some financial institutes simply do not entertain businesses that haven’t been around for more than 3 years. For example, your business has to be over 3 years old to even be considered by a bank for a business loan in India. Some financial institutions have a more flexible approach towards approving loans.

  1. Generation of Profits:

Most financial institutes grant loans exclusively to businesses that generate profits. Your business is eligible for quick business loans only if you have been generating profits for at least two years and above.

  1. Credit Rating:

Before approving loan for a business, the business owner’s credit worthiness is taken into consideration by financial institutions. If you have any massive outstanding loans, or have defaulted on your payments, most financial institutes will be hesitant to loan you money for your business.

  1. Age of the Applicant:

You have to be a minimum of 21 years of age to be considered for a business loan in India. Also, candidates above the age of 65 are not eligible for a business loan.

  1. Annual Income of the Business:

A number of financial institutes decline loans to a business that rakes in an annual income below ₹ 150,000 per annum. This often makes it difficult for small businesses or start-ups to attain a business loan from various financial institutions in India.

Fortunately, today there are a number of reliable and easy ways of attaining the required funding to boost your business. NeoGrowth is a private finance company that offers businesses loans upto ₹ 1.5 crores. NeoGrowth doesn’t have a stringent eligibility criterion, and offers quick, easy loans with no fixed EMIs, no collateral, limited documentation, and a loan disbursement period of just 3 days. Apply for a NeoGrowth business loan today at www.neogrowth.in.

NeoGrowth offers its clients quick, easy loans with no fixed EMIs, no collateral, limited documentation, and a loan disbursement period of just 3 days.


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

How a Short-term Business Loan can Help Take your Business to the Next Level

How a Short-term Business Loan can Help Take your Business to the Next Level

Any business, ranging from a start-up to a Fortune 500 Company, requires a steady inflow of capital. Businesses need capital for fixed and variable expenses. All businesses usually take a few years to start generating profits, and even then keeping up with market competition is a challenge. Capital goes a long way in ensuring that your business makes the cut above the competition. Short-term business finance solutions go a long way in boosting your existing business.

 

Here are 6 reasons why your business may require a loan:

1. Increase in Working Capital:

A business requires a steady flow of capital for various reasons. A quick business loan can give you some leg space when expanding your business. The capital can be utilised to expand the business geographically, hire fresh talent, purchase inventory and equipment, and add components to the business. For example, a well-established bookshop could look to add a coffee shop inside their stores.

 

2. No Profit Sharing:

At times, reaching out to investors can seem like a good idea when seeking finance for your business. However, an investor will most likely require a regular update on your revenues, and will also seek a fraction of your profits. On the other hand, a quick business loan is strictly about debt repayment. Loan providers have no claim on your profits.

 

3. Business Acquisition: 

Acquiring a new business, either as an asset to your existing business or a new business you can develop on its own, can drain your capital. How do you deal with this conundrum? A short-term business loan can ease the burden on your finances and help you acquire a lucrative business.

 

4. Investing in Advertising and Marketing Campaigns:

Nothing puts your business out there like advertising and marketing campaigns. The booming digital media industry provides businesses with tremendous advertising platforms. However, marketing campaigns are expensive. So how do you make the most of this and bring your business to the forefront? A short-term business finance solution can go a long way in hiring a top notch and effective marketing agency for your business.

 

5. Renovation: 

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Congratulations! Your business is booming and you wish to reflect that by revamping your offices? That’s a fantastic idea, but a renovation can massively drain your capital. In such a scenario, some short-term business finance can help you communicate your success to your clients and employees.

 

6. An Unexpected Business Opportunity:

Imagine a scenario where your business is doing just fine, and you don’t require any immediate cash flow. And then comes along a business opportunity that you simply cannot miss. Say for example, there is a massive discount on some high-end equipment you have been meaning to purchase, or you have an opportunity to acquire new inventory at an unbelievable price. What would you do then? A quick business loan could immediately solve your cash crunch.

 

NeoGrowth offers its clients quick, easy loans with no fixed EMIs, no collateral, limited documentation, and a loan disbursement period of just 3 days.


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

Dear Business, now I understand you!

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A grocery owner was successfully running his business from last 10 years. Once a teenager visited his store and searched for his favourite chocolates. He found them and went straight to the counter to purchase them. The grocery owner used his scanner to calculate the bill and told the kid – “230 Rupees”. Instead of giving the money, the young boy gave the owner a letter he had wrote.

The letter said: “Dear business, help me buy this chocolates through you.” Astonished to experience something like this, the owner looked deep into the eyes of the teenager. He could sense that the boy was genuine.

The owner took a pen and wrote on the letter -“Dear boy, sell one of this chocolates to any one and get the others free. Regards, Your Business”. After reading, the teenager took one of the chocolates and roughly after 3 hours he returned back to the store. He handed a new letter to the grocery owner with the chocolate he had taken.

The new letter read: “Dear business, now I understand you. Selling is not easy. You need patience, you need hard work and you need to convince. I am returning you your chocolate with a big heart but I am taking this business lessons with me”.

Building your business is not easy. We @NeoGrowth help you give the support for your business through our loans.


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

No idea is bad, they all are dots which connect your business journey path

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The owner of a big Cafe shop started suffering big losses in his profits. His loyal customers were no more coming to have their favourite coffee, plus very few new customers were turning up. After researching and gathering feedback from some customers, he found that people were getting “bored” with his menu and there was nothing which charmed them. Hence, he brainstormed and came with idea to introduce new food items and include a live guitar performance each day. This demanded good investment and it was a risk he was willing to take. Loaded with new food items and hiring a professional singer/musician, he started promoting his cafe through various ads. His efforts worked and new customers started coming. But, after few days, again he reached back to where he had started. Customers started declining again. This trend continued for days and business was again going in loss. Dejected by his failed ideas, when he reached the brink to close his business, he got an offer from one of his happy customers who was a big investor. That helped him to carry out new ideas and his business again was in profit!

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Just because his initial ideas didn’t worked out in his business, it doesn’t mean its useless! No idea is bad, they all are dots which connect your business journey path.

We @NeoGrowth help in the success of your business journey through our loans!


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

No one understands your business better than you!

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A young entrepreneur wanted to start a business with only 3 thousand rupees in his bank balance. Everyone in the society ridiculed him and gave him the suggestion to do a MBA and get a good job. But the young entrepreneur listened to none. He used his first 1000 rupees to buy some “dry fruits” from a trader friend at a cheaper rate and tried to sell it to his friends/relatives. Days passed but none of his friends/relatives bought it. Most of them said that by not buying his dry fruits, they are doing a favour to him so that he can stop this activities and do something more “productive”. After lot of thoughtful days, the young entrepreneur decided to use his next 1000 rupees. He went to his same trader friend and bought more dry fruits at a good whole sale rate. Now having double stock, he again went to his relatives/friends and again asked them if they want to buy it. They all were shocked to see that he has more stock with him than before. And they all enquired – “How come you have more dry fruits than before”. He replied with a smile to everyone – “ I am being more PRODUCTIVE”.

Everyone thought that his business is growing. And this is when the young entrepreneur got his FIRST sale!

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No one understands your business better than you! Patience, perseverance and financial help is required to succeed in your venture.

NeoGrowth loans is your financial support for your business! 


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

Every obstacle presents an opportunity to improve your business!

neogrowth-business-loans-obstacle1In ancient times, a king had a big rock placed on a roadway. Then he hid himself and watched to see if anyone would remove the huge rock.  Some of the king’s wealthiest merchants and courtiers came by and simply walked around it. Many loudly blamed the king for not keeping  the roads clear, but none did anything about getting the big stone out of the way. Then a peasant came along carrying a load of vegetables.  On approaching the rock, the peasant laid down his burden and tried to move the stone to the side of the road. After much pushing  and straining, he finally succeeded. As the peasant picked up his load of vegetables, he noticed a purse lying in the road where the rock had been. The purse contained many gold coins and a note from the king indicating that the gold was for the person who  removed the rock from the roadway. The peasant learned what many others never understand. Every obstacle presents an opportunity to improve one’s condition.

Similarly, your business might face many challenges but every obstacle is an opportunity to grow your business.

NeoGrowth loans is your financial support to help you in such situations! 


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

Right support @ right time!

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The wait was over for the young girl who wanted to buy a new phone through the monsoon’s amazing online sale offers. She did her research, shortlisted the phone and with full excitement went to the online site to purchase it. As soon as she landed on the site, she found that it was sold already! She felt like she had failed in an exam. She was almost in tears. The next few minutes were disheartening for her. But then a bright light shone in her life in form of a promotional SMS she got in her phone. It said that it was a new online shop and was selling phones at discounted rates. With a lightening speed, she went to the site and found her phone. She couldn’t believe her eyes. ..The phone was available! Without wasting a second- she clicked purchase and after a few days, the bright smile came back to her when the phone was delivered.

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You might be doing everything right in your business, but you can’t grow without the right support at the right time.

NeoGrowth understands your financial needs and helps when you need the most.


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

Don’t like but love your business!

Once a student asked his teacher:

“Sir what’s the difference between “like” and “love”?

The teacher’s answer was a masterpiece:

“When you like a flower, you just pluck it. But when you love a flower, you water it daily! ”

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Once you start loving your business, you will start caring more for its proper growth. Stop liking and start loving your business!

NeoGrowth loans will be a great help for your business proper growth.


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

Your business needs you to relax!

Gautam Buddha was once meditating under a banayan tree. A group of young girls passed by him playing a musical instrument called lute. Buddha saw how the girls were adjusting the strings of their music instrument so that it produces the beautiful music.

He thought: “ You must first learn how to tune the string. Make it too loose and it will not sound desirable, make it too tight and it will break.”

He concluded by repeating “not too tight, not too loose”. Buddha had got the answer to attain happiness.

Same as the strings, thinking too much of your business work should be avoided and try to take a break to relax which will help increase your productivity!

NeoGrowth helps to relax your financial strain by its business loans.


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166

Art is the business which you have created!

Once a bird asked a Bee –

” After a continuous hard-work, you prepare the honey. But a man steals your honey. Do you not feel sad? “

Then the Bee replied:

“Never… Because a man can only steal my honey not the ART of making honey..!! “

In the same way, your business is the art which you have created. Like the Bee, it takes a lot of hard work and perseverance to create it. Even if people try to “steal” your idea, still your business is your piece of art which only you can draw it!

NeoGrowth has helped many businesses to sustain their “art” through  business loans. 


NeoGrowth Credit Pvt Ltd can help you get business loans. For more information refer here : https://www.neogrowth.in/applyNow/

You can also download NeoGrowth-business-loans PDF file for your reference.

Post By NeoGrowth Credit – Business Loans specially created for Retailers & Online Sellers

For more Information – email us on digital@neogrowth.in

Or Give Missed Call @ 08080861166