Business Loan

SME Business Loan is designed to meet any financial need of SME business as per specific business requirements like business expansion, purchasing fixed asset, working capital requirement in the form of term loan or revolving loan both. Whether it is secured or unsecured depends on business type & financial requirements.

Basic Information

Eligibility

• Any successful enterprise which have minimum 2 years in same or relevant business experience can apply for loan.
• Business income need to support the proposed loan

List of some banks which have Business Loan product

Required Documents

• Passport size photograph of loan applicant
• Trade license
• TIN certificate
• VAT certificate (if applicable)
• Electricity Bill
• Telephone Bill
• List and total price of fixed asset
• List of creditors
• List of debtors
• Names of employees, salary, post and monthly salary sheet
• Last 1-3 years bank statement
• One year sales report and profit & loss account of the business
• Completed CIB form
• Current customers/clients list
• Photocopy of partnership deed registered with registrar of firm duly attested by notary public (for partnership firm)
• Photocopy of registration certificate duly attested by Notary Public in case of registered firm (for partnership firm)
• Letter of partnership duly signed by all the partners, in case of non-registered firm (for partnership firm)
• Resolution signed by all the partners to open the A/C (for partnership firm)
• Other documents as per bank requirement  & nature of business