Income Tax
We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.
Term Loans
A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years in some cases.
What is a Term Loan?
A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid. It is for equipment, real estate or working capital paid off between one and 25 years. The loan carries a fixed or variable interest rate, monthly or quarterly repayment schedule, and set maturity date. The loan requires collateral and a rigorous approval process to reduce the risk of repayment.
Types of Term Loans
An intermediate-term loan runs less than three years, is paid in monthly installments from a company’s cash flow and may have balloon payments.
- Repayment is tied to the useful life of the asset financed.
- A long-term loan runs for three to 25 years, is collateralized by a company’s assets and requires monthly or quarterly payments from profits or cash flow.
- The loan limits other financial commitments the company may take on,
- including other debts, dividends or principals’ salaries, and can require an amount of profit to be set aside for loan repayment.
Term Loans
We Serve Everywhere
the wealth bridge offers vaious financial services like home loans, Business loans and term loans etc,Our Financial solutions are designed to help our clients maximize their business opportunities.
Business Licenses
Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses
Financial Services
we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights
GST Returns
We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN
Term Loans
Documents & Packages
the Wealth Bridge offers vaious financial services like home loans, Business loans and term loans etc,Our Financial solutions are designed to help our clients maximize their business opportunities.
01.
What are the Documents required for Term Loan?
- Audited Financial Statement of last 3 years along with Income Tax Return Acknowledgement
- Provisional Balance Sheet for the current year
- Projection of Sales, Purchase, Stock & Raw Material Consumption for the next year
- Quotation of Machinery to be purchased
- Installed Capacity, Licensed Capacity - existing & proposed, Envisaged Capacity Utilization
- Project implement schedule
02.
What includes in this package ?
- Verification of Documents
- Preparation of required financial statements
- Dealing with Respective Bank Authorities
- Following until Loan is allotted
Term Loans
FAQ
Short-term loans are approved within 1-2 business days. Once approved, if you are eligible you will need to sign your Promissory Note electronically through DocuSign or visit the Scholarships & Financial Aid office to sign a promissory note. After the promissory note has been signed, your loan will enter a three business day Right to Cancel period after which your loan will be disbursed to your student billing account. If the loan is for something other than optional fees on your billing account, funds will be refunded to you within 2-3 business days after the disclosure period if you have set up direct deposit properly.
Repayment periods vary from one to twelve months, depending on the loan amount requested and your financial resources available to repay the loan.
Repayment periods vary from one to twelve months, depending on the loan amount requested and your financial resources available to repay the loan.
An Indian citizen
i) Above 18 years of age
ii) Employed, self-employed or businessman.
iii)Ability to repay loan amount
i) Above 18 years of age
ii) Employed, self-employed or businessman.
iii)Ability to repay loan amount
Business loan is a 1-3 year unsecured loan given by banks, NBFC’s (Non Banking Finance Companies) or P2P lending platforms without asking for any collateral, guarantor or hypothecation of any assets. Entities like proprietorship, partnership, private limited company or public limited company are eligible for this type of borrowing. The usage of a business loan is left to the discretion of the borrower and can be used for working capital purposes, meeting short term cash flow requirements, investments into plant and machinery etc.
A term loan is a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate. For example, many banks have term-loan programs that can offer small businesses the cash they need to operate from month to month. Often, a small business uses the cash from a term loan to purchase fixed assets such as equipment for its production process.
Demand loans are short term loans that are typically in that they do not have fixed dates for repayment and carry a floating interest rate which varies according to the prime lending rate. They can be “called” for repayment by the lending institution at any time. Demand loans may be unsecured or secured.
A term is a period of duration, time or occurrence, in relation to an event. To differentiate an interval or duration, common phrases are used to distinguish the observance of length are near-term or short-term, medium-term or mid-term and long-term
A loan for equipment, real estate and working capital that’s paid off like a mortgage for between one year and ten years . Term loans are your basic vanilla commercial loan. They typically carry fixed interest rates, and monthly or quarterly repayment schedules and include a set maturity date.
A loan in which only interest is paid during the term of the loan with the entire principal amount due with the final interest payment. Also called a term loan.
Why Choose Wealth Bridge
About Wealth Bridge
We Help You To Form Your Company In A Simple Way Wealth Bridge Will Making More Possibilities which aims at providing much-needed funds to businesses across the trading and service industry
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Head Office
2nd Floor, #23, 8th East Main Road
Gandhinagar, Katpadi, Vellore
(+91) 416 2241199
(+91) 86677 53901
Branches
ARAKKONAM OFFICE
# 10/1, Thiruthani High Road ,
Upstairs to Central Bank ,Jothi Nagar,
Arakkonam , TamilNadu - 631003
Phone:+91 6381184522 , +91 8012747723.
RANIPET OFFICE
No 126, MBT Road, Mahaveer Complex,
First Floor, Muthukadai,
(NearDarling bakery) Ranipet - 632401
Phone : +91 417 2295006 +91 86675 42148