Businesses require adequate capital to meet their operational expenses, expansion plans, and working capital requirements. It has many options available to raise funds like equity dilution, business loans, bill discounting, and many more.
A business loan is the most preferred option because it is a readily available unsecured loan, and also it has too many advantages.
In a business loan, a business enjoys the flexibility to use the funds without diluting any equity or sharing profits. It is an unsecured and collateral-free option, so it requires minimal documentation.
It gives a boost to your working capital and is a tax-deductible expense as well. It also helps you in building a healthy credit score for your business.
Hylobiz is a B2B fintech startup that helps businesses digitize their value chain with tailor-made solutions. You can streamline your business invoicing, collection, payables, and payment reminders by integrating your existing ERP with Hylobiz at zero cost.
You can create an invoice of your choice, attach payment links to them and share it across social media. Hylobiz helps in automating your reminders and payouts.
Hylobiz dashboard allows you real-time access to your business health, cash flows, and insights into your expenses. It also offers a digital ledger for all your transactions, with automated reconciliation into ERP.
Hylobiz helps you in financing as well, as it offers easy and quick business loans at lower rates from Bajaj Finserv and Neogrowth credit private limited. You can also manage your inventory digitally and can give a boost to your working capital.
If you’re a Kotak Mahindra Bank and YES Bank customer, then you can enjoy hassle-free connected banking services by logging into your bank account on our platform.
Hylobiz is an ISO-certified organization. We maintain bank-grade security. All your transactions with us are safe and secure with encryption at multiple levels.
Read more: https://www.hylo.biz/hylobiz-how-to-get-pre-approved-credit-cards-for-businesses/
Reach us: support@hylo.biz
Read the blog originally published here : What are the benefits of a business loan? | hylobiz®
