business loan
Documents Required:
- Identity Proof:PAN card, Voter’s ID, Passport, Aadhar card
- Financial Proof: Income Tax Returns (last 2-3 years), Bank statements (last 12 months)
- Business Proof: Business registration documents (e.g., partnership deed, MOA, AOA)
- Additional Proofs: GST certificate, Partnership deed, Rent agreements, etc.
Business loan
At Suyodhan, we offer tailored business loans to help you grow your business. Whether you need funding for expansion, working capital, equipment, or any other business-related needs, we provide quick and flexible loan solutions.
Key Features of Business Loans
- Flexible Purpose: Use the loan for expansion, equipment purchase, working capital, or other business needs.
- Secured or Unsecured: Loans can be secured (with collateral) or unsecured (no collateral required).
- Loan Amount: Varies based on your business's financial health and creditworthiness.
- Interest Rates: Fixed or variable interest rates depending on the loan type.
- Repayment Terms: Flexible repayment options ranging from short-term (less than 1 year) to long-term (up to 5 years or more).
- Quick Application Process: Easy and fast loan application for quick approval.
Eligibility Criteria:
- Age: 21 to 65 years
- Business Type: Sole proprietorship, partnership, LLC, corporation, MSMEs, and more.
- Business Age: Minimum 1 year of operational history
- Annual Revenue: Defined by the lender.
- Credit Score: 700 or above (preferred by most lenders)
- Business Continuity: Proof of business continuity for at least 1 year
- Collateral: Required for secured loans
- Other Requirements: Good cash flow, stable business operations, and residence or office ownership
