A micro business loan is a small-scale financing option designed for businesses with modest capital requirements. These loans typically range from a few thousand to a few lakhs and cater to entrepreneurs, self-employed individuals, and small businesses. Micro business loans focus on empowering those who may not qualify for traditional bank loans, including startups and informal sector enterprises.
For any entrepreneur or small business owner, access to affordable financing is essential for growth, expansion, and achieving long-term goals. A business loan with a low interest rate can be the perfect solution to fund your business without breaking the bank. In this blog, we’ll explore how to secure a business loan at a low interest rate and how it can benefit your company.