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  For a small business, machinery and equipment are the heart of operations especially in manufacturing and production units. Therefore, to increase and maintain the production capacity of any business, older equipment and machinery need to be upgraded periodically. Sometimes an increase in production demand requires the purchase of new machines and gadgets. A " Machinery Loan " is the convenient option to ensure timely purchase and up gradation of old machines. When you are looking for a machine loan to grow your business, many questions arise in your mind like how to avail a machine loan, what would be the criteria of financial institutions to fund the loan, how much time it will take for disbursal and what benefits it will offer to you? Here in this article, we tried to provide you with all solutions that where to approach for loan and pre-requisites are there to avail a machinery loan. First, we will talk about the entities to approach for securing a machinery loan. Bank...

In recent times, with the increasing demand of the used cars, many of the financial institutions are financing pre-owned cars. Taking a used car loan is bit difficult than a new car loan as lenders offer only 70-80% cost of the used car and the interest rates are higher as well as repayment terms are shorter than new car loan. However, it sounds tough but there are ways to avail the " Used Car Loan " at smart interest rates and extended tenure. While borrowing for used car loan, one must consider the basic requirements for the loan that will help you to obtain an easy loan. Model and type of car: Firstly, choose the model and the type of car that meets your need and fits into your pocket. Most of the financial institutions and car finance companies consider the make in year and type of the car model before disbursing you a loan. Hence, selecting a relatively newer model will help potential loan seekers to get used car loan. Amount of the car: Once you zero in the car model...

 If you are unable to get your loan approved from the traditional lender, you may want to consider applying for a short-term business loan from a non banking finance company. The alternative lenders will offer this financing option very easily. Every business is different from one another, so does the business financing. A type of capital beneficial for one business unit might not be the right solution for your company. Here, we will explain the pros and cons of applying a " Short Term Business Loan " from which you can determine what type of loan makes sense for your company. Pro: Instant Loan This is the major benefit of a short-term business funding as it can provide you fast capital for your business operations. Moreover, the application for this is much shorter than any other traditional bank as it requires less information. It can be useful if your business bills are due and you can’t afford to wait on long approval procedure. Con: High interest As the application proc...