7 Popular Funding Options Available for Small Businesses

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7 Popular Funding Options Available for Small
Businesses
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Understand your needs

• Know how much money you will need and for what.
• Know the ideal repayment term.
• Review your business financial status.
• Check if you can put any collateral on the line.

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Some common SME funding options
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Secured term loan

• It is secured by collateral.
• Offered for a specific period.

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Working capital loan (secured)

• Available for meeting business operational
  expenses.

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Revolving working capital loan

• You have an option to reborrow.
• You have an option to choose the loan term.

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Purchase invoice

• You can use it for purchasing receivables from
  the suppliers.

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Machinery loan

• Its a long-term loan available for purchasing
  plants and machinery.

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Supply chain finance

• Funds are paid directly to the supplier.

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Eligibility criteria

• Available to businesses with at least 3 years of
  experience.
• Business must be profitable.
• You must possess a strong credit score.

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Documentation process

• KYC documents
• Last 3 years audited financials
• Business registration certificate

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• Now that you are familiar with multiple business
  funding options, choose the best among them, as
  per your need.

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Thank you!
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi -
110057
Tel [phone]
Email corporate_at_herofincorp.com
Website https//www.herofincorp.com/
Know More 7 Popular Funding Options Available
for Small Businesses
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