Business Loan
Business Loan
It is an unsecured loan taken by an individual or entity from a bank or a non-banking financial company (NBFC) on the basis of his business income to meet their business financial needs.
Overview
A business loan is a lifeline for those who are struggling with liquidity issue, financial sickness, and working capital. It also helps business to expand and open new business line etc. There are many types of business loan, which can be suggested according to the requirement and availability.
Eligibility Criteria
- A company should be minimum 1 yr old.
- There should be a business set-up.
- There should be an active company account
Mandatory Requirements
- National id and Income proof
- Trade license.
- MOA or AOA.
- 6 months bank statement of the company account.
- 3-5 Sales and purchase vouchers.
