{"id":11,"date":"2025-10-23T04:59:21","date_gmt":"2025-10-23T04:59:21","guid":{"rendered":"https:\/\/telfinoindia.com\/?page_id=11"},"modified":"2025-11-10T08:41:01","modified_gmt":"2025-11-10T08:41:01","slug":"business-loans","status":"publish","type":"page","link":"https:\/\/telfinoindia.com\/?page_id=11","title":{"rendered":"Business Loans"},"content":{"rendered":"\t\t
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Business Loans <\/h2><\/div><\/div>\t\t\t\t<\/div>\n\t\t
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Home<\/h2><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t
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Business Loans <\/h2><\/a><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Eligibility Criteria & Eligible Entities<\/h2>
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Fuel Your Business Growth with a Fast Business Loan!<\/p>\n

Get a convenient Business Loan to cover assets and expand seamlessly.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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\n \n \n <\/span>\n\n \n Business Type: <\/span>\n\n \n
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Most lenders provide loans to various types of businesses, including sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and more.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Credit Score: <\/span>\n\n \n
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A good credit score is often required to qualify for a business loan. Lenders use your credit history to assess your ability to repay the loan.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Business Age: <\/span>\n\n \n
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Some lenders require a minimum operational history for your business, usually ranging from a few months to a year or more.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Annual Revenue: <\/span>\n\n \n
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Lenders may have a minimum annual revenue requirement to ensure your business has a stable income.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Collateral: <\/span>\n\n \n
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Secured loans might require assets as collateral to secure the loan. Collateral can be real estate, equipment, inventory, or other valuable assets.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Cash Flow: <\/span>\n\n \n
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Lenders often evaluate your business's cash flow to determine your ability to repay the loan.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Age Criteria: <\/span>\n\n \n
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Min. 21 years at the time of loan application & Max. 65 years at the time of loan maturity.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Eligible Entities: <\/span>\n\n \n
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Individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other non-farm income-generating business entities engaged only in the services, trading, and manufacturing sectors<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Business Vintage : <\/span>\n\n \n
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Min. 1 year or above<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Business experience: <\/span>\n\n \n
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Min. 1 year, business location to remain same<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Annual Turnover: <\/span>\n\n \n
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Shall be defined by the Bank\/NBFC<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Credit Score: <\/span>\n\n \n
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700 or above (Preferred by most private and public sector banks)<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Nationality: <\/span>\n\n \n
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Indian citizens<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n <\/span>\n\n \n Additional Criteria: <\/span>\n\n \n
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Applicants must own either a residence, office, shop, or Godown. \u00a0 \u00a0\u00a0<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Documentation for Business Loans<\/h2>
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The list of documents to be submitted varies based on type of business entity. Submit the following documents to begin with the loan process:<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t

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  • ITR for the past 2-3 years<\/li>
  • Current Bank Account Statement for the last 12 months<\/li>
  • Photocopy of PAN Card<\/li>
  • Address Proof for Residence such as Voter Card, Passport, Aadhaar Card, Telephone Bill, Electricity Bill<\/li>
  • Address proof for Business such as the Telephone Bill or Electricity Bill<\/li>
  • Last Financial Year’s provisional Financials and future year’s projections.<\/li>
  • Company’s business profile on the letterhead<\/li>
  • 2 photographs of promoters and property owners.<\/li>
  • Sanction letter and Repayment schedule of existing loan<\/li>
  • GST registration certificate and GST returns of latest 2 years.<\/li>
  • D-Vat\/Sale tax registration copy<\/li>
  • Udhayam Aadhaar registration certificate<\/li>
  • Rent agreement copy of factory and residence (if property is rented)<\/li>
  • Business Continuity proof of 3 years (3 years old ITR\/Company registration etc)<\/li>
  • Company PAN Card, Certificate of Incorporation, MOA, AOA, List of Directors, and Shareholding pattern for Pvt Ltd companies<\/li>
  • Partnership Deed, Company pan Card for Partnership Companies<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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    Connect With Us<\/h2>
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