India is emerging as a nation of entrepreneurs on the world platform. With medical innovations taking place in the country day by day, the need of various pharmaceutical related outlets is increasing equally. Many people are getting into the pharmaceutical business and those who are in the business are planning to expand it beyond their current reach. Be it whole sale distributors or dealers, everyone in this sector needs money for their various business related needs. But most of the businessmen in this field require funds for their working capital needs. Many times businessmen find themselves in money crunch when it comes to their working capital needs. They look for a financial backing and can pay off the dues in shorter tenure once they have received their share of profit in business.
Benefits of Getting a Working Capital Business Loan:
- Flexible Tenure:
Many times in pharmaceutical industry, businessmen require working capital to fulfill their current promised product deliveries. They get the payments in full once they complete the product transaction. But to produce and distribute the products, they need funds. Once they receive their payment, they can pay off the loan in no time; in many cases, within 12 months. Getting a business loan for working capital offers you flexible tenure where you can pay off the loan quickly and in bigger EMI installments.
- Floating Interest Rate:
Banks and NBFCs offer floating business rate for working capital business loan. By opting for this type of interest rate, you can avail the benefits of ups and downs in the finance market.
- Maximum Amount Disbursed:
In case of working capital business loan for pharmaceuticals, banks and NBFCs offer quick loans. They disburse maximum of 80% of required loan amount to the borrower.
- No Collateral:
In this type of loan, pharmaceutical businessmen do not need to keep anything as collateral to get funds. This is a type of unsecured loan thus nothing is kept as security to the banks.
So expand your pharmaceutical business with a working capital loan today! Check your eligibility here.