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 It is a form of financing offered by financial institutions to businesses. Here's what you need to know about business loans: They are designed to meet the needs of businesses, such as funding working capital, expanding operations, purchasing equipment, or investing in new projects  abhay bhutada poonawalla fincorp . The types of business loans Term loans: These loans provide a lump sum of money that is repaid over a specific period of time, usually through regular monthly installments abhay bhutada poonawalla . It offers businesses access to a predetermined amount of money that can be borrowed as needed. Interest is only charged on the borrowed amount. Schemes and loans backed by the government are better suited to small businesses because of their eligibility criteria, terms, and conditions. In this type of loan, businesses can purchase equipment or machinery and use them as collateral. Known as accounts receivable financing, invoice financing in...

 As a provider of a wide range of financial services, Non-Banking Financial Companies (NBFCs) play an important role in the Indian financial system. NBFCs are financial institutions that provide banking services without possessing a banking license. They are regulated by the Reserve Bank of India (RBI) and cater to the financial needs of individuals and businesses. Here is a list of the types of NBFCs  abhay bhutada poonawalla fincor . AFC (Asset Finance Company) In addition to providing loans for the acquisition of physical assets, such as vehicles, machinery, and equipment, AFCs also facilitate the growth and development of the economy by providing asset financing for individuals and businesses  abhay bhutada md . An investment company (IC) Investors in these funds primarily invest in securities, such as stocks, bonds, and debentures, and earn income through dividends, interest, and capital gains. They provide avenues for investment and wealth creation by acting as inte...