Are you facing financial difficulty regarding your existing Business or are looking for funds to expand your business and grow? If yes, then a business loan can be your solution. There may be certain apprehensions that hold you back when you think about applying for a business loan. Is it the best time to apply for a loan? Should you apply for a loan or not? Will a loan help your business? Would you be able to repay it while your business is already running slow?

Like a fuel to your car, cash flow is required to run different operations of your business. If your business has a satisfactory credit history and a few years of vintage, you should not face any issue in getting approval for your business loan application. Here, we will discuss the best timing to apply for a business loan and let your business sail through.

When You Need Working Capital to Cover Your Business Expenses

If some of your payments have been delayed or the cycle of your working capital has increased significantly, then you may apply for a business loan from a lender with fast approval and flexible repayment plans. Clix Capital offers business loans of ₹ 5 to 50 lakhs, which you can repay in 12 to 36 months of the loan term. The maximum time limit may be increased up to 48 months for self-employed professionals. This allows you to borrow according to your business requirement and choose a loan tenure as per your repayment capacity.

During the Peak Season or Off-Season

For any business, there are peak and off seasons when the demand for their product or service increases or decreases. During the peak season, the demand may be high and you may need capital to satisfy the growing needs. In the off-season, you may be short of funds and you may need money to keep your business operating smoothly. During these periods, you may opt for a business loan to cover your business expenses.

When You Are Highly Indebted

If you have already taken under debt, you need to get rid of them as fast as you can to prevent any financial issues in the long run. Persisting debt can become a major hindrance to your business growth and success, as you may not do exactly what you want. In such a situation, taking a business loan would be a wise decision. By taking such a loan, you can clear your outstanding debts and use the available funds to maintain your business’s capital flow. You can use the borrowed loan amount to repay your EMIs and save your business earnings.

When You Want to Purchase Asset or Equipment

Buying new assets or machinery for your business may sometimes need a lot of capital. Rather than using up your profits or working capital for this, you may apply for a business loan and let it work. Since you are not using your profit for the purchase, a business loan can keep you from running out of funds.

When You Want to Purchase Inventory to Satisfy Increasing Demand

A business loan can be an ideal source of funds to purchase raw inventory when demand increases. If you receive a bulk order, you would need capital to satisfy your client’s demand on time. You would not want to let that opportunity go because you don’t have money to purchase inventory. So, apply for a business loan and incorporate your increasing business demands.

When You Want Money to Launch Your Business Marketing Campaign

Launching a business marketing campaign needs a significant amount of money. You would need to hire strategists, graphic designers, creative copywriters, and other experts to make it work. Campaigns require money to begin, but a properly planned campaign will bring you a lot in returns, sales, and profits. In such a situation, it would be ideal to apply for a business loan and use the amount to make a lucrative marketing plan. The money that you borrow can be repaid later from the profit you earn as a result of the marketing campaign.

When It’s Time to Expand Business

Planning a business expansion but worried about the finance? Applying for a business loan can be your best possible solution. A business loan not only makes funds available to you but also allows you to repay the borrowed amount over a comfortable loan tenure as per your repayment capacity. Whether you are opening a new branch or moving to a bigger workplace, a business loan can give you the funds required for your business expansion purpose.

A business loan from Clix Capital is convenient to apply for and provides you complete flexibility as far as use and repayment are concerned. There are numerous other benefits, such as no collateral, fast approval and disbursal, easy repayment options, ample loan amount, and others. Apply now and use the funds to meet your expanding business needs.

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