Small Business Loans

Small business loans are designed to provide financial assistance to entrepreneurs and small enterprises for various purposes such as expansion, working capital, equipment purchase, or managing cash flow. These loans can be availed from banks, non-banking financial companies (NBFCs), and government-backed schemes.

Loan Requirements

To apply for a small business loan, the following documents are generally required:

• Identity Proof: PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License.
• Address Proof: Utility bills (electricity, telephone), Passport, Voter ID, or Rent Agreement.
• Business Proof: Business Registration Certificate, GST Registration, Trade License, or Shop and Establishment Certificate.
• Ownership Proof: Partnership Deed, Memorandum and Articles of Association, or Sole Proprietorship Declaration, depending on the business structure.
• Photographs: Recent passport-sized photographs of the applicant(s)