Unsecured Business Loan
Description
Unsecured Business Loans: Unlocking Growth Without Collateral
Are you a budding entrepreneur seeking funds for your business? Worried about collateral? Look no further! Unsecured Business Loans offer a lifeline to businesses without the need for collateral. Whether you’re facing a financial crunch or planning to expand, these loans cater to your credit needs.
Why Choose Unsecured Business Loans?
- Collateral-Free: No need to pledge assets—these loans are based on your creditworthiness and business performance.
- Working Capital: Cover operational expenses, purchase machinery, or boost cash flow.
- Flexible Usage: Whether you’re a startup or an established business, unsecured loans align with your requirements.
Eligibility Criteria
To avail unsecured business loans:
- Age: Applicants should be between 18 and 65 years old at the time of loan maturity.
- Business Experience: A minimum of 3 years of business operation is required.
- Annual Turnover: Your business should achieve an annual turnover of at least Rs. 40 Lakh for 3 years.
Documents Required
Prepare the following documents for a smooth loan process:
- Identity Proof:
- PAN Card
- Driving License
- Passport
- Voter’s ID
- Aadhaar Card
- Address Proof:
- Passport
- Driving License
- Voter’s ID
- Aadhaar Card
- Utility Bill
- Bank Statement
- Bank Account Passbook (Updated, no more than 3 months old)
- Ownership Proof:
- Agreement Copy
- Electricity Bill
- Maintenance Bill with share certificate
- Municipal Tax Bill
- Share Certificate
- Business Continuity Proof:
- Shop and Establishment Certificate
- Tax Registrations (VAT/Service Tax/GST)
- Firm Constitution:
- Memorandum of Association (MOA)
- Partnership Deed
- GST Registration Certificate
Why BusinessBadhega Services?
- Speedy Procedures: We streamline the loan application process.
- Accurate Work: Our experts ensure precision in documentation.
- Complete Assistance: From start to finish, we’ve got you covered.