Although the Union Budget 2020 attempts to jumpstart an inanimate economy, going from the red into the green is n’t going to be a overnight sucess. To an entrepreneur, this means that apart from policy changes, for a venture to thrive in a difficult business climate, one needs to adopt strategic business practices. Among all strategies, ensuring that the cash flow does not run dry – is one of the most important things to do. So all one can ideally do is to employ to better your cash inflow include adjusting prices and generating invoices without delay. However, business owners can also take a short-term loan, like the Bajaj Finserv Business Loan to achieve your long-term goals, while having ample liquidity at every step of the way.
Bajaj Finserv describes the five features of the business plan as follows:
Managing the cash flow effectively with the loan of up to Rs.30 lakh
Bajaj Finance Limited, the lending, and investment arm of the Bajaj Finserv Group, offers Business Loan financing to the tune of Rs.30 lakh and with a large loan amount you have the prowess to bridge short-term problems while working towards a long-term plan. When borrowing to better your enterprise’s cash flow, it is imperative that you have a clear-cut plan in place because anything short of this can cause problems of its own. With ample finance, a business owner can strategically borrow to bolster the ROI over a foreseeable timeframe.
Interest is 18% only
With economical funding, starting at a rate of interest amount to 18%, business owners have the option to optimise aspects of the supply chain, which will, in turn, boost the working capital. For instance, one can invest in automation to reduce wage bills and improve inventory management and turnover.
Investments in new machinery and equipment with collateral-free funding
It’s a plus for some business owners, especially in tough economic times, to focus on core competencies. Bajaj Finserv’s business loan supports to buy or lease the equipment that will enable you to do this. Moreover, one gets the loan on a collateral-free basis which allows the borrower to sell non-revenue-generating fixed assets, such as plant, machinery, or even an office, to boost cash flow while investing in new machinery and equipment.
Flexi Loan facility
Making the most of seasonal trends is a must and this may require one to purchase additional raw materials or even hire an extra workforce. With the Flexi Loan facility, one can address these needs as they arise, as the feature allows you to borrow from your sanction on the go, without added paperwork or charges, while limiting your interest payments to the amount withdrawn. After all, better business means improved cash inflow, making this a smart strategy.
A hassle-free application process
The finance company allows applicants to try for the loan with just 2 documents, and there is the provision to get the approval within 24 hours and obtain the amount equally quickly.
In short, one can expedite the entire application process when you check your pre-approved offer from Bajaj Finserv. So, if you are a business owner, you can draw a winning business strategy and use the business loan to remedy cash flow gaps and ramp up your ROI margins significantly!