
14
May, 2016
Why should you avail a business loan from formal sources?
Formal sources of finance are various financial institutions! What is a financial institution? A financial institution is a regulated entity which distributes financial products loans, deposits,credit card and provides services like savings account, current account, letter of credit, guarantees etc. it can be either a bank or a non-bank financial entity. Though there is some difference in the way they can provide various financial services to you.
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