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Darsh Advisory Services

Business Loan

5 Times You Might Need a Quick Business Loan - Buffalo Business Loans |  Small Business Loans

Business Loan is a short to medium term unsecured loan, which does not require any collateral/security for disbursal. They are generally disbursed in a few hours to a few days with minimal paper work at all. A key feature of Business loan is its flexible end-use. Thus, this unsecured loan can be used to meet a variety of needs ranging from infrastructure, expand operations, upgrade to the latest plant and machinery, maintain inventory, expansion purposes, manage cash flow, buy equipment/machinery, hire/train staff, purchase raw materials, upgrade inventory and much more . These customized loans can give your business the much-needed boost to help your enterprise scale new heights with enhanced competitiveness and profitability. Business loan is the primary unsecured type of funding, designed to meet the day-to-day business requirements of business owners or enterprises. Borrowers are not pressurized to submit any collateral or security to avail unsecured business loan.

Business Loan start with 13% (Reducing) Rate of Interest and its depend according to customer CIBIL, Business Setup, Stocks and Income proof basis.

Self Employed Professionals (SEP)

Allopathic doctors, chartered accountants, company secretaries and architects who are practicing their profession. Proof of qualification needs to be shared.

Self Employed Non-Professionals (SENP)

Traders and manufacturers, retailers, proprietors, service providers, etc.


Partnerships, limited liability partnership, private limited and closely held limited companies. Other constitution types depending on their profile on a case to case basis.

Based on your meeting the business loan eligibility criteria, you can get the funds up to a limit of Rs.20 lakh.

Below mentioned are the eligibility criteria for business loan:

  • Age Criteria: Minimum 18 years at time of loan application & 65 years at time of loan maturity
  • Indian Citizen with no criminal background
  • Applicant with good credit score and no past loan defaults, if any
  • Fees & Charges, Income, Business Turnover, Operational History, Business Vintage, Credit score and Profitability Criteria shall be defined by the respective financial institution

Below mentioned are the entities that can avail business loan:

  • Individuals
  • Startup Enterprises
  • MSMEs
  • Artisans, Retailers, Manufacturers and Traders
  • Private and Public Limited Companies
  • Closely Held Limited Companies
  • Sole Proprietorship Firms, Partnerships, Limited Liability Partnerships and Large Enterprises engaged
  • only in Manufacturing, Trading or Services sectors
  • NGOs, Co-operative Societies and Trusts
  • Self-employed individuals / Professionals - CAs, Doctors, Architects, Company Secretaries, Allopathic Doctors, Designers, etc.

Checklist of documents required for business loan:

  • Recent Passport-sized Photographs
  • Identity Proof - PAN card, Aadhaar card, Valid passport, Voter's ID card, Driving License
  • Address Proof - Voter's ID card, Aadhar card, Passport, Driving license, Utility bill, Water Bill, Electricity Bill
  • Business Address Proof
  • Proof of business existence for last 3 years
  • Last 6 months' bank statement
  • Last 3 years’ Income Tax Return (ITR)
  • Balance sheet and Profit & Loss account statement
  • Financial documents audited/attested/signed by Certified CA
  • Copy of  Trade License
  • Sales Tax Certificate
  • Certified Copy of Partnership Deed
  • GST Registration Certificate
  • Proof of ownership of the possessions used for business activities


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