Recently, the financial turmoil in the global market has affected the Indian market to a significant extent too. As a matter of fact, the market is witnessing certain changes and transformations. This is due to the main reason that India has also registered an explosive growth in the international trade. Now, it seems that the situation is like only the fittest can survive the current turmoil. But on the other hand, it is also true that India has the potential to bounce back after this sporadic transition period. India boasts of increased productivity, huge pool of skilled people and great fuel etc. Though, it would take some time but the Indian market would not witness a drastic change for sure. Though these points would not present a rosy picture before you but yes they would at least ease out some of your concerns as the various micro and macro economic points are still favourable. In such a situation, coming up with a good business plan would not be a fool's idea. Now it is obviously a clear idea that money is the lifeline of any business. If you come forward with a good business plan which demonstrates stable cash flows, all revenues and expenses then getting a good business loan would not be a very difficult task. Now for the eligibility of a business loan in such a recession period, the business plans should be impressive and cost-effective. Here your main focus should be to maximise your cash flows in this period. If you want to expand your business or set up a new business then getting loans would not be a big matter of concern. You can get both types of loan such as secured and unsecured. In the former case, you are required to pledge a security while in the later case, you are not compelled to pledge any security. However, the rates of interest would obviously differ. In the case of the secured loans, you are entitled to pay low rates of interest while in the case of the unsecured loans, the rates of interest are slightly high. Furthermore, there are various types of business loans such as short-term, intermediate and long-term loans. Short-term loans are for usually those who require financial help immediately, long term loans are usually for those businesses who want to expand their business. Last but not the least, the intermediate loans are for those people who want to start a new business.