• Fund business expansion or diversification
• Improve existing business set-up
• Consolidate high-interest business debts
• Boost working capital reserves
• Hire a new workforce
• Purchase and stock inventory
• Buy new machinery, equipment, or software
• Capitalize on business opportunities

BUSINESS LOAN
Business loan is a credit facility offered by Banks/NBFCs and various other financial institutions to
meet the funding requirements of individuals, self-employed customers, business owners, MSMEs,
and other business entities. Business Loan can be availed by startups, entrepreneurs, retailers,
traders, manufacturers, self-employed professionals (CAs/Doctors), existing businesses, and
several other business entities.
Business loan is majorly classified into two types, such as Secured loan and Unsecured loan.
Secured loans are types of loans that require collateral/security, that borrowers need to deposit with the lender to avail funds. However, in the case of unsecured loans, there is no need to submit any
type of collateral/security with the Bank/NBFC, or any other financial institution.
Banks/NBFCs offer a range of both Secured and Unsecured Business Loans that include Term
Loans (Short-term/Intermediate-term/Long-term), Working Capital Loans, Cash Credit, Overdraft,
Letter of Credit, Bill/Invoice Discounting, Equipment Finance, Machinery Loans, Point-of-Sale (POS)
Loans/Merchant Cash Advance, Fleet Finance, Loans under Bank Guarantee (BG), and Loans
under Govt. schemes, such as Mudra Loans (PMMY), SIDBI, PMEGP, CGTMSE, Stand Up India,
PSB Loans in 59 minutes, PMRY, etc. Financial institutions also offer Startup Loans, Smal l
Business Loans, and Micro Loans of loan amount up to Rs. 10 lakh or more depending upon
business requirements.

Documents Requried

• AADHAR CARD/PASSPORT/VOTER ID
• PAN CARD
• 3 MONTH BANK STATEMENT
• 3 YEARS INCOME TAX RETURN
• COMPANY GST / REGISTRATION NUMBER
• 2 PASSPORT SIZE PHOTOS
• INCOME PROOF
• BALANCE SHEET
• FILL UP THE LOAN APPLICATION FORM
• FILE CHARGE RS 3600 / REFUND RS 3500