Business Finance In Bangalore

Arwind Sharma By Arwind Sharma, 27th Nov 2017 | Follow this author | RSS Feed | Short URL http://nut.bz/10pwt_zh/
Posted in Wikinut>Business>Business Opportunities

If you have a business, you surely know the importance of finance. However, a business loan can help you solve all the fiscal emergencies you face in your business.

What Types Of Businesses Qualify For Business Loans In Bangalore

Bangalore has ranked first on the JLL's annual City Momentum Index (CMI) 2017.

CMI 2017 considers the speed of change in the city's economic and the real estate market. It factors in the city's potential to sustain this dynamism and to compete in the ever-changing economic landscape. The index includes:
Socio-economic factors (GDP, air passengers, FDI, corporate headquarters)
Commercial real estate momentum (offices, retail, hotels) and
Innovation (technological might, environmental quality, and access to education).

Bajaj Finserv provides collateral-free Business Loans in Bangalore to help the businesses sustain their momentum. These include economic, technological, and environmental preservation, and real estate.

Karnataka is referred to as the hub of information technology (IT). The major industries in Bangalore are:
IT and ITeS, biotechnology
Internet of things (IOT)
Engineering
Electronics and telecom
Automotive
Textiles, and
Others - aerospace, animations, tourism, and renewable energy
Let's Explore Which Types Of Businesses Can Avail Business Loans In Bangalore:
1. Software And Electronic Companies

Bangalore houses several technology parks including the software and electronic companies. There are several costs associated with the software company. These include, though are not limited to:
Programmer's compensation
Software testing in the market
Cost of maintenance and fixing bugs
Training
The costs related to the software development and maintenance as well as buying or leasing of premises can be met by the business loans.

To develop, manufacture and scale new electronic hardware is a costly affair. You need a circuit board to solder all the electronic components onto it. The electronic mechanism needs a hardware casing and the manufacturing units to reap profits. The product must apply for the relevant certifications and more. Business loans - machinery loan and the working capital loan, support these costs.

2. Network Infrastructure And Connectivity

Network companies can avail business loans at nominal business loan interest rates to develop, manufacture and maintain several hardware systems. These include:
Switches and sockets
Transformers
Valves and sensors
Fibre optics
Switch gear components, to name a few
Business loans support manufacture, training, and maintenance for low voltage to industrial level solutions.
3. Biotechnology And Pharmaceutical Industry

A biotech or a pharma company needs to factor in costs, time needed to get the product to market and associated risks to calculate its future revenue. The process from research to commercialization of the product, involves a huge gestation period. Several non-banking financial companies do provide business loans to cover the working capital requirements.
4. IoT Solutions

According to Deloitte, India's IoT market size is going to increase from $ 1.3 billion in 2016 to $ 9 billion in 2020. IoT could include fitness trackers, light control sensors to use of robotics in manufacturing companies. As an IoT solutions provider, or user of IOT solutions for your business, you can buffer the manufacturing or installation costs with a business loan.
5. Others

Any company dealing in any of these industries will need funds for their daily operations, technological support or infrastructure. These domains are
Automotive
Entrepreneur
Textiles
Aerospace
Animations
Tourism
Renewable energy
Plantations
Building schools, etc.

To stay ahead in the curve, apart from the infrastructure and the manpower, there are network-related costs. As a businessman you would also have to invest in firewalls, storage, servers, routers, printers, and internet connectivity.

Whatever your costs are, R&D to marketing, manufacturing to training, renting/buying fixed assets to network connectivity, you can leverage them through Bajaj Finserv Business Loans. They provide flexi loans, so that you can withdraw as much as required from your credit line. If you meet the necessary business loan eligibility criteria, then you can get business loan approved within 24 hours in Bangalore.

Tags

Business Opportunities, Finance, Loans

Meet the author

author avatar Arwind Sharma
Arwind Sharma a passionate writer on finance and closely associated with financial companies. He is still busy in discovering time-efficient finance schemes. To know more about Loan against

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