Key Features:

Quick Approval and Disbursal: Many lenders prioritize speed, with loan approvals sometimes taking 30 minutes and funds disbursed within 48 hours. 
Collateral-Free Options: A significant benefit is the ability to obtain loans without needing to pledge assets as collateral, which is crucial for new businesses with limited assets. 
Flexible Repayment Terms: Loan tenures are often flexible, allowing businesses to choose repayment schedules that fit their cash flow. 
Simplified Documentation: The documentation required is often minimal, streamlining the application process. 

Benefits:

Access to Immediate Capital: Startup business loans provide quick access to funds needed to kickstart operations and cover initial expenses like rent, equipment, and marketing.
Flexible Repayment Options: Many lenders offer flexible repayment tenures and options, allowing businesses to tailor their repayment plans to their cash flow. 
Potential Tax Benefits: Interest paid on business loans is generally tax deductible, potentially reducing the overall tax burden for businesses.