Check Your Eligibility for a Business Loan Now - Don't Miss Out!

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business loan

Applying for a business loan might seem like a complicated and time-consuming process. The process can be easily completed if you meet the business loan eligibility requirements. Generally, financial institutions look for borrowers who have -

●    Good credit scores - These scores are indicators of creditworthiness and financial stability and are used by financial institutions to evaluate loan applications. A score of 700+ is eligible for business loan.

●    Steady revenue - A minimum level of annual turnover is often required to be eligible for business loans. For example – a turnover of Rs 1 crore is required by top lending institutions to consider a business loan application. 

●    Proper Documents - The borrower should be ready with the completed application form and their address proof, identity proof, financial documents, and proof of ownership.


So be prepared before applying for a business loan. You can check the website of your preferred lending institution for details. 

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