Features and Benefits of our Business Loans

• Term Loans
• Working Capital Loans
• Business Expansion Loans
• Equipment Financing Loans
• Invoice Financing & Bill Discounting
• Machinery Loans

Eligibility Criteria & Eligible Entities

• Business Type: Most lenders provide loans to various types of businesses, including sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and more.
• Credit Score: A good credit score is often required to qualify for a business loan. Lenders use your credit history to assess your ability to repay the loan.
• Business Age: Some lenders require a minimum operational history for your business, usually ranging from a few months to a year or more.
• Annual Revenue: Lenders may have a minimum annual revenue requirement to ensure your business has a stable income.
• Collateral: Secured loans might require assets as collateral to secure the loan. Collateral can be real estate, equipment, inventory, or other valuable assets.
• Cash Flow: Lenders often evaluate your business's cash flow to determine your ability to repay the loan.
• Age Criteria: Min. 21 years at the time of loan application & Max. 65 years at the time of loan maturity.
• Eligible Entities: Individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other non-farm income-generating business entities engaged only in the services, trading, and manufacturing sectors
• Business Vintage: Min. 1 year or above
• Business experience: Min. 1 year, business location to remain same
• Annual Turnover: Shall be defined by the Bank/NBFC
• Credit Score: 700 or above (Preferred by most private and public sector banks)
• Additional Criteria: Applicants must own either a residence, office, shop, or Godown.

Documentation for Business Loans

• ITR for the past 2-3 years
• Current Bank Account Statement for the last 12 months
• Photocopy of PAN Card
• Address Proof for Residence such as Voter Card, Passport, Aadhaar Card, Telephone Bill, Electricity Bill
• Address proof for Business such as the Telephone Bill or Electricity Bill
• Last Financial Year's provisional Financials and future year's projections.
• Company's business profile on the letterhead
• 2 photographs of promoters and property owners.
• Sanction letter and Repayment schedule of existing loan
• GST registration certificate and GST returns of latest 2 years.
• D-Vat/Sale tax registration copy
• Udhayam Aadhaar registration certificate
• Rent agreement copy of factory and residence (if property is rented)
• Business Continuity proof of 3 years (3 years old ITR/Company registration etc)
• Company PAN Card, Certificate of Incorporation, MOA, AOA, List of Directors, and Shareholding pattern for Pvt Ltd companies
• Partnership Deed, Company pan Card for Partnership Companies

Fees and Charges