Entrepreneurs run from pillar to post to secure business loans but there is no end to filing applications and waiting for approvals from banks. In addition, you never know whether your loan application would be approved or not. Moreover, determining the loan amount is the discretion of the bank hence an entrepreneur seldom gets the amount he has asked for from a bank. In this scenario, an entrepreneur is bound to borrow credit at a high-interest rate from money lenders. It is not that there is no way for an entrepreneur to get out of all this mess. Private finance groups offer quick loans and even cash in hand on easy terms and low interest to all businesses.

Business loans from finance groups other than banks can provide breathing space to businesses reeling under the tremendous pressure of meeting daily expenses. One has to arrange funds for renovations, staff salaries, expansion, infrastructure, and even refreshments. One can’t think of running a business, however small it is, without some cash in hand. Banks have no policy to give loans in cash. Once the loan is approved, it is transferred to your account hence you need advance approval and transfer so that you can draw the amount from your bank. But a private finance company can provide you with considerable cash to meet your expenses.

Banks follow a strict criterion when it comes to distributing business loans but private finance groups adopt a generous attitude towards all businesses. Banks keep some businesses out of the purview of loans while private finance groups try to give loans to each applicant. The bank's loan procedure is cumbersome and most of the time entrepreneurs find it difficult to understand the conditions put forth by a bank. However a private finance company assists businesses in filing the loan application and if there is any miscommunication, the executives waste no time in making clarifications.

Private finance groups are fast replacing banks in terms of business loans and this is apparent from the loan amount private financers distribute among various businesses. Small businesses would find private finance groups a friend in need as they can get a considerable amount either in cash or bank transfer or both by just furnishing their present sales details. Unlike banks, private finance companies look at the present and future of a business. It is the major difference between a bank and a private finance group.