Top Up Business Loan
An additional loan amount offered on the top of your existing running business loan is known as A top-up business loan If you need additional funds then you can go for a top-up loan and usually, there is no restriction with this loan.
You can avail this top-up facility after a certain number of EMIs are paid for your current running business loan. Some institutions give top up after paid off 3 EMIs, 12EMIs and 15 EMIs. It all depends on the financial institution.