Business Loans for Small Business
Business Loans for Small Business A small business loan, also known as a commercial loan, is loan products designed especially for investment in a business. These loans can either be secured by collateral or be unsecured, based on the amount needed, the type of loan and the relationship between the business and the lender. The following are few government loan options for small business sectors. 1. CGTMSE Loans What is the CGTMSE Scheme? A brainchild of the Ministry of Micro, Small and Medium Enterprises, the CGTMSE Scheme is a unique offering which aims to bridge the gap between a business idea and its execution, offering financial support to entrepreneurs. Under the scheme, eligible members can get credit facilities from banks to finance medium and small enterprises. Loans up-to a maximum of Rs1crore can be availed, with the differentiating factor being the Credit Guarantee provided by the government.This Credit Guarantee offers security to entrepreneurs in the event of their b...