Business normally requires an adequate amount of capital in order to fund business expenses or maybe for further business expansion. Similar with corporate loan, business loan is a type of loan intended for business purpose. It involves creation of debt which will incur interest. The loan amount can range between RM10,000 till RM1 million. If your company qualifies for SME category, you can consider SME loan.
Why Need Business Loan?
Companies require business loan when they expand their operations, to pay wages, due to late payment from customers, unexpected delay in the shipment or goods stuck in customs. There are also companies that used the business loans to update their inventories and to pay their suppliers in advance.
Features of Business Loan
For business loan, it needs an existing business to show proof that it really operates and bringing in money. It also has to show good track records with their cash flow and also good bank statements. Business loan tenure can be flexible, depending on business needs. This is especially useful if the collection is delayed by just a few weeks, or waiting for disbursement from the bank loan.
How to qualify
To qualify for business loan, the company needs to have an existing business. Besides that, it also needs to show strong operating cash flow in their bank statements. Last but not least, the credit profile for both the Company and the Directors are also important。
Therefore, if you have any urgent business financial needs, look no further. We are one of the top licensed money lenders in Klang Valley. We specialises in Selangor such as Petaling Jaya, Shah Alam, Putrajaya, Klang, Setia Alam, Ampang, Gombak, Subang and Puchong. In KL, we have agents in Cheras, Kepong, KLCC, Setiawangsa, Sentul and Pandan. Hence, we will be handling your loan application with professionalism and utmost privacy for you. Therefore, we will try to ensure fast approval for your loan application.