Your Business is precious. It deserves the best business loan. Get hassle-free business financing loan through us!

What is a business loan?

A business loan is basically a borrowed amount of capital that is used for an investment in a new or existing business set up. Whether small or medium-sized enterprises (SMEs) or large businesses, it is absolutely important to understand how these loans work.

From the people involved, the formalities, benefits, to the risks, terms and conditions – all the aspects require your utmost attention before you proceed to take a loan. Proceed and learn about them below with us!

Benefits of Business Loan:

Business loans are enable you to redraw your business strategies for matching today’s agile work environments. Here are the benefits of taking a business loan:

– Faster processing:

Faster processing means faster credit for your business, allowing you to explore new horizons and exploit opportunities as they come your way. A timely business loan can expand your marketing potential, speed up your operations, and eventually increase your profit margins.

– Preserving your ownership:

Since it is an unsecured business loan, you are at no risk of losing valuable assets or giving up precious company stock in lieu of investment. So, a business loan allows you to preserve your ownership while also providing you with the funds to grow your enterprise.

– Streamlines your cash flow:

Business loans increase your window of opportunity by providing both capital and time for you to streamline your cash flow and get into profitable territory. These loans allow you to strike a balance between your Business fund and company capital fund by providing investment that can be repaid in instalments.

– Improve your credit score:

Business Loan is the best way to improve your business credit score as we report loan accounts to all credit bureaus. Moreover, a business loan with Lendingkart is especially beneficial for companies witnessing a recent dip in credit score due to unforeseen market conditions.

Eligibility Criteria for Business Loan

The eligibility requirements to the bare essentials in order to process business loans faster. We do not require too many documents or unnecessary paperwork that can hold-up the loan approval process.

• An established business that has been in operations for more than 6 months.
• A minimum turnover of ₹ 90,000 or more in the 3 months preceding your loan application.
• The business should not fall under blacklisted / excluded list for SBA finance.
• The physical location of your enterprises should not be in the negative location list.
• Trusts, NGOs and charitable institutions are not eligible for small business loans.
• If you are not sure if your business falls under a restricted category or location, you can contact us to confirm your eligibility

Benefits of Business Loan:

• Bank statement (12 months)
• Business registration proof
• Proprietor(s) PAN Card Copy
• Proprietor(s) Aadhar Card Copy
• Partnership Deed Copy
• Company PAN Card Copy

We accept any of the following as a Business registration proof

• Bank statement (12 months)
• Business registration proof
• Proprietor(s) PAN Card Copy
• Proprietor(s) Aadhar Card Copy
• Partnership Deed Copy
• Company PAN Card Copy