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Unsecured Loans

Business Loan

A Business Loan is an amount of cash lent by a financial institution to a business for economic goals such as extra investment, expansion, and so on. This sort of financing helps businesses meet their immediate expansion and growth necessities. Business Loan definition can be best explained in this way, 'funds availed for sustaining and expanding business operations, products, and services.

Dropline Overdraft:

Drop-line Overdraft (DLOD) is a facility granted to the customer by the financial institution where businesses can overdraw from their current account up to a limit that is agreed upon by the banker. Overdraft is one of the most efficient forms of borrowing as one needs to pay interest only for the amount of money withdrawn.
The dropline overdraft is almost similar in all the cases except in new cases as there is the availability of the limit. This withdrawal limit reduces each month from the limit which is sanctioned. The calculation of the Interest rate is done on a daily basis and it is charged at the month's end. You will be charged only for the amount used, So, you can always park your funds in a virtual account whenever funds are not in use.

Machine Loan:

Machinery and Equipment are the crucial parts of any business module. Without this, the production process is incomplete. But the new startups and the previous ones that want to update the machines required huge finance for this. Taking an appropriate machinery loan from Ziploanâ€¯can fulfil that requirement.
These days, many financial institutions provide suitable business loans to the borrower after proper verification of all the details. India's government also implemented specific new schemes to offer MSME loan and promoted small business sectors to make the economy stronger. Various business sectors, like packaging, manufacturing, and construction, heavily depend on machinery and equipment to complete their tasks on time. However, the purchase of new machinery can be a costly affair for a new or small business. We offer machinery loans to help SMEs purchase equipment that can give them an edge over competitors.

MSME Loan

Union Ministry of Micro, Small and Medium Enterprises (M/o MSMEs) has issued Gazette notification to pave way for implementation of the upward revision in the definition and criteria of MSMEs in the country. The new definition and criterion will come into effect from 1st July, 2020.

After 14 years since the MSME Development Act came into existence in 2006, a revision in MSME definition was announced in the Atmanirbhar Bharat package on 13th May, 2020. As per this announcement, the definition of Micro manufacturing and services units was increased to Rs.1 Crore of investment and Rs.5 Crore of turnover. The limit of small unit was increased to Rs.10 Crore of investment and Rs.50 Crore of turnover. Similarly, the limit of medium unit was increased to Rs.20 Crore of investment and Rs.100 Crore of turnover. The Government of India on 01.06.2020 decided for further upward revision of the MSME Definition. For medium Enterprises, now it will be Rs.50 Crore of investment and Rs.250 Crore of turnover.

The existing criterion of definition of MSMEs is based on the MSMED Act, 2006. It was different for manufacturing and services units. It was also very low in terms of financial limits. Since then, the economy has undergone significant changes. After the package announced on 13th May, 2020, there were several representations saying that the announced revision is still not in line with market and price conditions and hence it should be further revised upwardly. Keeping in mind these representations, Prime Minister decided to further increase the limit for medium Units. This has been done in order to be realistic with time and to establish an objective system of classification and to provide ease of doing business.

Capital Loan

A Working Capital Loan is one that is availed of to fund the day-to-day operations of a business, ranging from payment of employees' wages to covering accounts payable. Not all businesses see regular sales or revenue throughout the year, and sometimes the need for capital to keep the operations going may arise. This is usually the case with companies that have seasonal business cycles or cyclical sales, while some other may require such a loan during festive seasons or periods of reduced business activity. Such loans may be secured or unsecured, that is, you may or may not be required to pledge a collateral to avail of the loan, depending on the loan amount and the business' financial health.
A company's working capital is also a reflection of its financial health and liquidity position. A Working Capital Loan is not meant to fund your business expansion or asset purchase plans; it is a type of business loan that is used to meet your short-term financial obligations and operational requirements. The short-term liabilities could range from payment of monthly overheads to day-to-day expenses, purchase of raw materials, and inventory management. These are only a few examples of a business's short-term operational requisites. With the aid of a Working Capital Loan, your short-term necessities are taken care of, and you have more space to plan and focus on your long-term goals.

Construction Equipment Loan

Any business owner understands the importance of having the latest technology tools and equipment for their business. These may include medical equipment, computers and office equipment, trucks or other vehicles, data processing machines, servers, heavy machinery, etc. However, purchasing these machinery and equipment will cut in to a major share of the capital. Hence, it is prudent to spread the cost of these equipment through loans, while the capital investment can be utilized for other needs. Equipment loans also offer tax benefits to the business owner.

Supply Chain Finance

Supply chain finance, also known as supplier finance or reverse factoring, is a financing solution in which suppliers can receive early payment on their invoices. Supply chain finance reduces the risk of supply chain disruption and enables both buyers and suppliers to optimize their working capital.
Unlike otherreceivables finance techniques like factoring, supply chain finance is set-up by the buyer instead of by the supplier. Another key difference is that suppliers can access supply chain finance at a funding cost based on the buyer's credit rating, rather than their own. As a result, suppliers are typically able to receive supply chain finance at a lower cost than with other financing methods.
The term supply chain finance is also sometimes used generically to describe a broader range of supplier financing solutions, including solutions like dynamic discounting, in which the buyer funds the program by enabling suppliers to access early payment on invoices in exchange for an early payment discount. However, the term is more commonly used as a synonym for reverse factoring.

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