5 Myths About Unsecured Business Loans Debunked
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Planning to avail an unsecured business loan but not sure if it is right for you? Here are 5 myths we have debunked to help you take a decision.
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5 Myths About Unsecured Business Loans Debunked
- 1. 5 Myths About Unsecured Business Loans Debunked
- 2. Debunking 5 myths about unsecured business loans
- 3. When to take Unsecured Loans? • You want to start a business but your seed money is not enough. • You do not wish to pledge your assets to a lender.
- 4. What are Unsecured Business Loans? • You can borrow these without pledging any personal assets or properties. • They are offered based on your credit worthiness and past records.
- 5. Let's discuss 5 myths about these unsecured business loans and clear your misconceptions. Schedule
- 6. Myth #1: UBL is meant for Small Businesses Only Reality: • UBL is also provided to big businesses. • Multiple lenders provide business loans without security, in no time. • Lenders simply consider your financial history before disbursing the funds.
- 7. Myth #2: Smaller amounts reduce your chances of getting a loan Reality: • All you need to show is a good financial record. • It doesn't matter how large or small the amount you borrow. • Your chances of getting an UBL does not increase if you request a high loan amount
- 8. Myth #3 Only banks provide unsecured business loans Reality: • New-age lending institutions provide unsecured business loans too. • They provide competitive interest rates and ensure hassle-free disbursals. • Just choose a trusted lender who has been in the market for long.
- 9. Myth #4 It takes months to get a business loan Reality: • Hero FinCorp approves your loan within 48 hours.
- 10. Myth #5 You cannot get a business loan for your startup Reality: • All you need is the right set of documents and business plan. • Your scale of business does not matter. • Alternatively, you can start your business with a business credit card.
- 11. Whether you dream of a startup or want to expand your business, get an unsecured business loan today.
- 12. Thank You ! Would Love to Hear From You Hero FinCorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel. 18001024145 Email Id: Corporate.Care@HeroFinCorp.com Website: https://www.herofincorp.com/ Know more- 5 Myths About Unsecured Business Loans Debunked