Our Brochure
Lorem ipsum dolor sit amet, consectetur adipiscing elit, s
Downlaod .PDF
What are Business Loans?
Business loans is a loan specifically intended for business purposes. Businesses require an adequate amount of capital to fund startup expenses or pay for expansions. As such, companies take out business loans to gain the financial assistance they need. A business loan is debt that the company is obligated to repay according to the loan’s terms and conditions.
A business loan provides funds to entrepreneurs and businesses for various purposes, such as expansion, working capital, equipment purchase, or inventory management. Borrowers agree upon repayment terms and interest rates for the loan.
Business Loans may be used for:
• To expand the business.
• To expand business location.
• To start a whole new business.
• To build credit for future requirements.
• To purchase equipment for business.
• To purchase more inventories.
• To bring in fresh talents to the business.
How is my Eligibility Determined for a Business Loans?
• Documents required for a business loan in India are mentioned below. Each of these are essential for applying a business loan.
• Address Proof: Electricity bills, water bill, telephone bills etc.
• Bank Statement 6 Months
• ID Proof: Passport, Voters ID card, Driving License and Pan Card
• Proof of Continuity of Business.
• ITR & Statement Of Computation of Income – up to 2 Years
• Board Resolution (If pvt ltd co. is Partnership Authorization Letter/ co-borrower {if partnership firm just co-borrower}
• CA Certified or Audited P/L Acc Statement and schedules of P&L along with Balance Sheet – for last 2 years.
• Ownership Proof of Residence or Office
• Latest ITR of the Co-Applicants – For last 2 Years.