The type of loan can be used for business financial assistance need, business expansion and could minimize expenses for the business.
Sometimes we come across payment is not due, or post-dated cheque by customers. We know that the cash is coming in, but not at this time when we need it.
Personal loan is a loan that offered for borrowers who are working. Usually used for personal purposes.
Working Capital Loan
This type of loan is given to business that need additional financial to operate businesses.