Automation, electrification and digitalization are rapidly changing the way we do business – and the way we live. Be it a new enterprise in its initial stages, or one that is established and growing at a steady rate, enterprises need to be fully updated with the latest of man, machine and technology to stay relevant in the constantly changing business dynamic. Investment in machinery and technology is essential to any business for long-term success.

The biggest challenge purchase equipment and upgrade technology is the access to funds.

One of the easiest ways to overcome this hurdle is to obtain a loan. In cases where there is collateral available, it’s easy to obtain a bank loan subject a number of eligibility factors. Sometimes the loans may not be sanctioned even after available collateral due to reasons like bad credit score, repayment history or any number of other reasons.

Unsecured business loan is the best way to raise funds to scale up businesses that don’t own any assets, or for any company who’s growth is really rapid and needs quick finance assistance. An industrial machinery loan paves the way around the issue of equipment financing easily and overcome any hurdles in achieving success. In other words, a machinery loan is very essential for those business entities, entrepreneurs or business owners to purchase machinery / equipment for varied business purposes. Such financial help for machinery and technology upgrades will assist business owners in improving productivity thereby increasing profits.

Is an unsecured industrial machinery loan really beneficial to the enterprise? 

Definitely an unsecured industrial machinery loan is the best option to raise funds.

There is no need for collateral to be pledged for an unsecured business loan.

The interest rates are quite competitive

the biggest advantage is the instant or quick loan processing time.

The loans from JP Finance come with flexible options for loan repayment without any additional / hidden charges

The equipment financing loan is exclusively sanctioned for the purpose buying new machinery/equipment.

Helpful in upgrading, refurbishing or changing the machinery/equipment or technology immediately.

Experience the advantage of industrial machinery loans from JP Finance from the comfort of your home or office. The easy application process, minimal documentation and quick disbursal can give your company the much-needed edge and financial relief. All this without any processing or hidden charges. However, A monthly turnover of 25 Lakhs of your business is the minimum eligibility criteria required to avail of our cheque-based finance service.

JP Finance is one of the most trusted names among private finance companies in Chennai specializing in unsecured business loans. JP Finance is a well-established brand built on trust, transparency and the ease of conducting business with a good track record. At JP Finance, we provide private unsecured business finance on a cheque basis, designed to suit the varying needs of your business.