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As your company expands the need for people and space increases along with it at such times Trevor Ariza Youth Jersey , the need for ample space arises to accommodate your growing workforce. Rather than renting out industrial space, purchasing industrial property works better as an investment and also acts as collateral in the long run.
Availing a loan to purchase industrial property largely depends on the source. Approaching banks for a loan can be a lengthy and tedious process. NBFCs are easily approachable when it comes to catering your finance needs.
Points to be kept in mind while approaching a NBFC for an industrial property loan:
Loan taker
The loan needs to be taken either by the promoter, proprietor or a partner of the company. According to the Companies Act, a loan cannot be taken by anyone who has not registered the company with the government.
Type
One of the biggest things people don鈥檛 realise about taking a loan from NBFCs is that you cannot take a loan against a property that already exists in your name. They offer loan only to those who are looking to buy new land or building for their company.
Another facet is that NBFCs offer loans if you are looking to construct a part of your company. If you already have land Hakeem Olajuwon Youth Jersey , you can apply for a loan to construct a shed or building on that particular land as long as it is for commercial purposes.
Tenure
The tenure can range anywhere between a minimum of three years or a maximum of six years.
Amount
The loan amount varies amongst different NBFCs. The loan amount ranges between ten lakh and goes up to three hundred lakh normally.
Industry
NBFCs are quite strict about the industry your company belongs to when you are looking for industry property loans. It needs to either be in the manufacturing, service, trading or distribution sector, for you to apply for a loan.
Apart from these pointers James Harden Youth Jersey , do remember that your company needs to be at least three years in business before you are eligible to apply for industrial property loan. A copy of the balance sheet and P & L account
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Taxes: Basic Things You Need To Know Finance Articles | November 13, 2008
So you want to start your very own online business. Aside from having unlimited access to the Internet, you also need to be armed with adequate knowledge about taxes and your online business because without it, you will surely be at loss.

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Online retailers, or more commonly known as e-tailers are not exempted from paying taxes, contrary to the common misconception of most people. E-tailers are still included in the rush for meeting the April 15 deadline for tax filings.

However Ryan Anderson Womens Jersey , veteran e-tailers would say that the most difficult part for online business owners is navigating and complying with the confusing and complicated laws and conditions governing day to day sales taxes.