Business Loan

Business Loan

Introduction

India has an overabundance of human capital, which translates to a large number of businesses. While the Government has tried to draft rules, regulations & schemes which incentivize the growth of businesses, it is difficult for entrepreneurs to not only realize the incentives available but also acquire funding for the growth of their ventures. The finances end up being locked behind legal hurdles that the average entrepreneur cannot hope to surmount alone.

However, by relying on our team, you can sign up for our business loan service and assure yourself with the fact that we would be there to help you scale all obstacles in your way. Our business experts would ensure that you get the best deal for your budding business. Sign up now to get the finances you need to scale your business to new heights!

LEGAL356 is the best business and legal services platform for services relating to loans in India, offering a variety of loans like a Business loan, Home Loan, Loan against Property, Term loan, Working capital, Bank loan syndication, CMA report preparation, Bank loan rating and credit score check for easily obtain loans.

LEGAL356 will help you to obtain loan services easily from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Get the best proposal for a Business loan or request a call back with our top-rated Experts with a simple sign up with us!

Advantages Of Business Loan

Why should you avail our business loan services?

With a legal and business team behind your back, we help you understand your loan documentation and craft your legal documentation in sync with these requirements.

We help craft a proposal to the bank which is flexible for you and accompany you on each step of the process in order to ensure a speedy acceptance of your loan application.

Eligibility Criteria For Business Loan

In order to sign up for our business loan assistance service, applicants should be –

1. Having a turnover of around 40 lakhs in the business they are seeking a loan for.

2. Having a minimum experience of at least 3 years.

3. Having at least 5years of business experience.

4. Generating profits for at least two years before applying for a loan for the business.

5. Having an annual income above 1.5 lakhs per annum.

6. No younger than 21 and no older than 65.

Required Documents For Business Loan

1. PAN card of the applicant company, firm or individual.

2. ID proofs of the applicant/operators of the applicants (such as directors in case of a company).

3. Bank Statements of the Business for the last 6 months.

4. Latest Income Tax Returns.

5. Profit & Loss account for the last 2 years.

6. Proof of incorporation/partnership deed/sole proprietorship.