to repay the loan. Some lenders might even be flexibl
· No requirement of a collateral Collateral is an asset that the lender keeps as security while lending the loan amount. Collateral could be in the form of real estate, car, gold or any other property that the borrower possesses. On failure of repaying the loan amount, usatimes.cc the lender has the right to auction the collateral property to get his or her back. This has kept a large section of the female population from applying for loans. Applying for business loans requires no such thing. You do not have to pay any collateral. Your credit history and income would be enough for applying for a business loan. One such scheme is the Mudra Yojana Scheme which can be avai usanews.cc led by Women Entrepreneurs to get loans below ten lakhs without any collateral. · Fast processing The entire procedure of getting a business loan is quite fast. The verification process and business loan approval take only a few days. Hence it is the best option to go for if yo