June 2017


A Guide to Obtaining an Online Business Loan

Ask any entrepreneur how difficult it can be to arrange a business loan and you will hear of the many obstacles in your way. If, for example, your business is in its infancy and therefore you have no history, or evidence of a sustained income, it can be next to impossible to source a business loan. If you fit into this category, all is not lost, and by dealing with an online specialist company who facilitate business loans for the self-employed, you might be surprised at just how easy it is.

Lack of Documentation

This is generally the reason why a self-employed person might be refused a business loan if they were to apply with their local bank manager, and it can be frustrating when applying for such a loan, as the lenders seem to want evidence that you don’t actually need the loan, and if you had what they required, you would not be requiring a business loan in the first place! By approaching Low doc loans you might be surprised at just how simple the process is, and after all, you have nothing to lose by trying and everything to gain. Irrespective of how many times you have been refused a business loan, using a different approach might just pay dividends.

Special Accountants

So, how does a low doc loan provider manage to obtain their client a business loan when other methods fail? They use special accountants who work with the applicant to create a statement of earnings that will eventually be submitted to a suitable lender, who requires the minimum of documentation. This means that entrepreneurs who do not possess the necessary documentation to approach their bank, can still obtain that vital funding to enable the young business to grow, and with very competitive rates of interest, it won’t cost you a fortune.

Professional Help

Business lenders are quite flexible, and the low doc provider would have a working relationship with all the reputable lenders, and would be able to help the applicant tailor the application to ensure loan approval, and they even have their own accountants who can assist in creating an income declaration that will be acceptable to the lender. There are a range of packages to suit every situation, with up to 30 years to repay, and you can also take out a loan that allows flexible repayments, which is essential for some new businesses.

Nothing to Lose

If you have already tried to secure a business loan without success, don’t be too downhearted, and you never know, perhaps a low doc specialist can facilitate that essential injection of funds, and with so many businesses that die due to lack of start-up funds, you have nothing to lose by applying with an online loan provider, and everything to gain.

Online solutions are helping many small businesses to negotiate the complex system of applying for a business loan, and with their expert guidance, your business will get a new lease of life.

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The changing face of market for second hand cars

The Indian automobile industry is growing at a fast pace with the annual sales of cars expected to reach 9 million by 2020. The market for pre-owned or used cars in India has been on a considerable rise.

The growth story

Buyers today have realised the positive value equation of pre-owned cars.  Pre-owned cars provide higher flexibility to the following buyers who wish for a Maruti Suzuki Swift used car Bangalore

  • First Time Buyers: For some people it is dream to own a particular car. This dream can be fulfilled as these buyers and choose from a wide variety of models and variations and choose the one that suits them at a fair price, that is, at a price way lower than the original price
  • Second car buyers: A lot of families in India require a second car. Therefore, instead of buying a new car, they opt for buying a second hand car. This fulfils the purpose of the families and also offers them an economically viable option.
  • Buyers looking for an Upgrade: These buyers are looking for an upgrade from their smaller or 2 wheeled vehicles. Buying a second hand car allows them the opportunity to move from a two-wheeler to a four-wheeler without hampering the budget to a great extent.

Current state of the Market

The current state of the used cars market in India is seeing an uptrend. The current ratio of every new car sold to the number of old car sold is 1:1.3 and expected to rise to 1:2. This is because the new cars available today have improved due to the technological advancements. The old cars are usually not that old as they haven’t been driven over large distances, even if they have, they are relatively easy to maintain.

The used car market in India is expected to grow by a CAGR of 20% in the next five years. Currently at 750 organised used car outlets in India, It is expected to grow to a whopping 4000 outlets.

Are you looking for some easy ways to buy used car? If so, we suggest that you check out Car Site.

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