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Business Registration – Helping in Faster Loan Approvals

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Business Registration

When your business model is ready to move from its pilot phase, the first thing to do is to register your company. Business registration in India can be done online through the Ministry of Corporate Affairs portal. Apart from giving legality to your operations, there are numerous reasons why you should register your business.

Get Faster Loan Approvals

Business registration makes it easier to raise money through business loans and to get backing from investors. The lenders, such as banks and non-banking finance companies (NBFCs), are more trustful of a legally registered company or business. Hence, making it easier to get faster business loan approvals.

For example, if your company has been registered and is in business for more than 6 months, you can apply for a business loan from Lendingkart – one of the leading NBFCs in India. Lendingkart promises business loan disbursals up to ₹1 crore within 3 days of your document verification.

Minimize Your Personal Liability

If you are a sole trader or running a partnership firm, it makes you liable for all aspects of the business, including the debts and losses. The costs of any accidental product defect or service disruption are to be borne by you, which can be financially risky.

After business registration, a company becomes a separate legal entity and setting up one can help protect your personal assets from a business loss.

Decrease Your Tax Liabilities

Since, your business becomes a separate entity, it also becomes a separate tax payer. Additionally, you can apply for tax rebates and subsidies under various programs, such as “Startup India” and “Skill India”, being run for the promotion of MSMEs by the government.

Streamline Ownership

Business registration helps you clearly define the roles of different founding members and their relative share in the business. It will give the company a steady leadership and help in resolving any future conflicts within the top-level management.

Establish a Brand

Through business registration, you will also can establish a brand image among your customers and suppliers. It will also give you a position of strength when dealing with third parties, as the contracts will be between companies rather than owners.

At Lendingkart, we are always happy to share or experience in the MSME finance to help new companies and entrepreneurs. If you are looking for fast business loans, use our website or download the Lendingkart app from Google Play or App Store to get a quick quote.

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Rajan Kumar Dutta
Rajan Kumar Dutta


Please let me know if I can refer some business for loan to you ,how am I benefitted

Shabbir Ahmad
Shabbir Ahmad


Sir i would like to inform that iwill try to loan some time but there are no soft corner from your end
Thanking you
Shabbir ahmad

Vishnu kad
Vishnu kad


Sir hame loan ki bahot jarurat hi

SHRIRAM MAHTHA
SHRIRAM MAHTHA


I am satisfied landingkart

Alok
Alok


Hello. I need a loan

Sumit
Sumit


Sir,

I am starting a new bussiness .
so can your tell how can I apply loan?

TABREZ ALAM
TABREZ ALAM


DAkan hi computer mobil sales$serujces

Pankaj kumar pradhan
Pankaj kumar pradhan
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dear sir
our company wants to work with please provide us dsa code and company policy currently we are working as sub dsa with hr finance solution and we have dsa code the company name idfc bank , indiabulls , tata capital ,incred ,kindly gave us a chance to work with you thanks !
regards
Happy hands finance solutions
pankaj pradhan
9599801260

Dattatray Kale
Dattatray Kale
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DSA

Ajeet yadav
Ajeet yadav
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I’m intrasted for bijnish

Abu Bakar
Abu Bakar
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dear sir
our company wants to work with please provide us dsa code and company policy currently we are working as sub dsa with hr sk&associat and we have dsa code the company name idfc bank , indiabulls , tata capital ,incred ,kindly gave us a chance to work with you thanks !
regards
sk&associat
abubaker changal
9166697778