InvestorQ : I want start my business but i have not capital but i have near about 15year experience in marketing in pvc product and electric motor pump
Ashok Kanchan made post

I want start my business but i have not capital but i have near about 15year experience in marketing in pvc product and electric motor pump

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Riya Dwivedi answered.
1 year ago
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With the experience you have, you can easily start a business, because for any successful business you need to things, funding an idea. You have the basic idea about the procedures and pros and cons of the business, so half of your work is complete. Now let’s talk about funding:

Casual borrowings:
You could opt for borrowing money at the beginning, from your friends or family, but this could be for a limited time and limited amount. But this could help you kick start the business without bearing too much of interest cost.

Business Loan:
For further running the business you can opt for the business loan. Almost all the private and public sector bank offers business loans at flexible interest rates. With the business loan, you can cover your big expenses like renting, buying assets, hiring people, etc. The most suitable for you would trade loan. The amount of loan depends on the factors like the size of the business, the duration of the loan, etc. Some banks even grant a trade loan up to Rs 35 lakhs. You need to submit proof of the existence of business for the past two years, complete financial statements shall also be presented to the bank.You are free to call bank customer helpline to get direct assistance on the loan.

Mudra Loan:
The MUDRA loan is provided under the Pradhan Mantri MUDRA Yojana (PMMY) to non-farming and non-corporate micro and small enterprises. These enterprises can avail loans up to Rs.10 Lakh under the MUDRA (Micro Units Development & Refinance Agency Ltd.) scheme. Commercial banks, RRBs, Small Finance Banks, Co-operative banks provide this loan facility, hence you can approach the same.
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