How to Get a Small Business Loan for a Startup
                     HOW TO GET A SMALL 
BUSINESS LOAN FOR A 
STARTUP
HERE ARE SOME FACTORS LENDERS TAKE INTO 
CONSIDERATION BEFORE GRANTING BUSINESS LOANS
 Startups are based on effective ideas, but 
without enough sources of funding, it is not 
easy to grow. Small and medium businesses in 
India are rapidly growing and offer the 
maximum employment in the country. India 
ranks third globally in terms of small 
businesses and startups. That is why the scope 
and dependence on a business loan is huge. 
 A small business loan is meant to cover 
up any aspects of the business that the 
business needs to invest in. It can be 
marketing, technology, techniques, or 
working capital. To get a small business 
loan, the business needs to meet all the 
eligibility requirements. Increase the 
chances of approval with the help of 
some steps so that you can easily get a 
business loan. Here are some of the ways 
to get a small business loan for startups.
CREATE A METICULOUS 
BUSINESS PLAN
 Your entire business journey 
and future prospects should be 
meticulously drafted into a 
business plan. A business plan is 
an important part that can get 
you a business loan. If you can 
show profit revenue generation 
ideas and future prospects, your 
financial institution will offer 
you a source of funds for 
business growth and stability. 
This plan can convince your loan 
provider to offer your startup a 
business loan to explore 
opportunities and capture the 
market. 
FOCUS ON PERSONAL CREDIT SCORE
 A start-up is very new to the market. It 
has not started the credit journey yet. 
This makes it difficult for a loan provider 
to judge the risk factor when considering 
a new business credit score. When a 
business is new, the business credit score 
is not valid. In such a case, the financial 
institutions would ask for the credit score 
of the business owner. You, being a 
business owner, need to keep your credit 
score maintained. If your personal credit 
score is impressive, you will surely 
benefit from a business loan. Apply For 
home improvement loans.
CASH FLOW
 A cash flow statement can help you 
get a business loan. Make sure it is 
on the right track and there is no 
credit or debt. Cash flow should 
always be heavy on the debit side. 
 A cash reserve or a contingency 
fund will be helpful for a start-up to 
get a business loan. At the time of 
application, do let your financial 
institution know about your cash 
reserve. 
FLEXIBILITY FOR FUND USAGE
 For a smooth business loan 
apply online process, you must 
visit Clix Capital. The digitally 
enabled borrowing experience 
will give you instant approval on 
a business loan. Use a business 
loan calculator while borrowing 
to make the right decision. 
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