Uploaded on Sep 17, 2021
Business needs funds at every juncture of growth and development. Small and medium-scale businesses suffer in India due to a shortage of funds. However, the problem can now be solved with the help of a business loan. When you borrow a business loan online, the entire process is online and hassle-free. Before you borrow, you should gain enough understanding of a business loan. Here is everything that you need to know about a business loan. Experience a hassle-free business loan online process with Clix Capital. The best interest rate business loan makes your loan affordable. It will be easy to repay an affordable form of loan. https://www.clix.capital/business-loan/
All you Need to Know About Business Loans
ALL YOU NEED TO KNOW
ABOUT BUSINESS LOANS
GRANTING BUSINESS LOANS
Business needs funds at every juncture of
growth and development. Small and
medium-scale businesses suffer in India
due to a shortage of funds. However, the
problem can now be solved with the help
of a business loan. When you borrow a
business loan online, the entire process
is online and hassle-free. Before you
borrow, you should gain enough
understanding of a business loan. Here is
everything that you need to know about a
business loan.
ELIGIBILITY FOR A BUSINESS
LOAN
Self-employed individuals,
proprietors, private limited
companies, and partnership
firms working in trading,
manufacturing, or services.
A credit score of 750 or more
should be there. If you need a
business loan, you need to have
a business credit score of more
than 750.
DOCUMENTATION OF BUSINESS LOANS
Individuals should be at least 22 years of
age while applying for the loan.
Enterprises have been making profits for
the past two years. The business revenue
should be good. The income and cash
flow statement should be a promising and
good one. It should not be a degrading
one. Apply For home improvement loans
.
Individuals associated with the current
business for a minimum of 3 years.
A GOOD CREDIT SCORE
Identity Proof: Driving License/
PAN Card/Passport/Voter ID
Card/Aadhaar Card.
Address Proof: Ration
Card/Telephone Bill/Electricity
Bill/Passport/Trade license/Lease
agreement/Sales Tax certificate.
Income Proof: Bank Statement of
the Last 2 Years
Cash flow statement
Business ownership proof
Business address
Passport size photograph
WHERE TO BORROW A BUSINESS
LOAN FROM?
A business loan can be borrowed
from various banks and non-
banking financial institutions. It
is easy to get a business loan
from Clix Capital. If you borrow
from Clix Capital, the entire
process of borrowing will be
digitally enabled and online.
Banks follow an old-fashioned
working style and it takes a lot
of time. If you choose a non-
banking financial institution,
the disbursement time will be
quick and instant. The
documentation is minimal and
done completely online.
BENEFITS OF BUSINESS LOANS
A business loan helps you to
meet any business expenses,
small or large. It is a collateral-
free loan with a one-time
disbursement. A business loan is
flexible and can be used for
anything related to business.
You can get tax benefits on
business or commercial loans.
Clix Capital Services Private Limited
Address:
901b, 9th Floor, Two Horizon Centre, DLF Phase V, Gurgaon, Haryana, India –
122002
Phone Number: 1800 200 9898
Email us at : [email protected]
Website: www.clix.capital
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