Business Loan
Whether you are a big-time or a small-time business owner, having sufficient funds or capital is important to ensure your business is able to operate smoothly. The main problem is managing all those costs, to the expense of running your business can be tricky, and paying upfront for your business needs is often impossible until your business sees more growth. Why businesses need a large amount working capital?
It can be used to overcome cash flow issue due to the payment delay or failure of the services, shipment/ goods stuck in customs or other inconvenience miscellaneous.
A business funding loan can also help business owners to utilise for the purpose of expansion such as opening of a new outlet, factory expansion plan, renovation or even hiring new staff.
But why does my business loan application gets disapproved or rejected by the bank? The stringent requirements set? List here are the four common reasons why most businesses loan application gets rejected:
Bad credit score
Cash flow issues
Insufficient collateral
Applying with the wrong lender
WHY ELOAN?
Unlike standard financial institutions, our procedures require you to submit a lot of documents and records to prove your company’s tenure and financial capability, our loan requirement are much more simpler. All our financial consultants need are some legal documents regarding your business and yourself. In Eloan Malaysia, our growing financial institution covering areas such as Bangsar, Sunway, Subang, Putrajaya, Cyberjaya, Putra Heights and more to come in the future.
Our interest rates are competitive, flexible payment scheme and we do not need any collateral or guarantors from applicants. If you have poor financial history due to bad CCRIS or CTOS, do not worry! Feel free to engage with us and apply from our financial consultants directly. You do not have to worry, our funding loan or business loan will take much shorter time to process the approval and to disburse the cash to you.
We are a licensed private money lender offering a wide range of financial services for both individuals and also for SME businesses. In ELoan Malaysia, our business loans are just one of the best solutions we offer to businesses of varied industries and sizes. Eloan Malaysia is registered and oblige to follow the rule of the Moneylenders Act 1951 under the Ministry of Urban Wellbeing, Housing and Local Government.
Let us help you in resolving your business capital problem, our service can help you to get the loan you need to help you cover all your expenses without having the problem of getting rejected or denied by the banks again. All can be done in easy, secure and immediate ways. You might be interested in our new factory loan which helps in expanding/upgrading and daily maintenance payment.