How To Get A Business Loan

By BankBazaar | April 30, 2016

How To Get A Business Loan

Planning a start-up venture or expanding your current business but don’t have enough funds at your disposal? Don’t worry! You can apply for a business loan and get the required funding for your business.
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10 thoughts on “How To Get A Business Loan

  1. Avatarnagarathna

    I m planning to start new business… I have on idea about interior designing or other business so can I get business loan for this? and what is the documents to give the bank

    Reply
    1. AvatarTeam BankBazaar

      Hi nagarathna,

      To get a business loan you will have to first start your own business, have a significant amount of sales and generate income/profits through it. Banks will need a valid income proof, valid id proof and sometimes a guarantor too. For starting your business, you might have to get a loan against property or a Personal Loan. If you are presently not employed, getting a Personal Loan may not be easy. We suggest that you consider a loan against any of your assets.
      Cheers,
      Team BankBazaar

      Reply
  2. Avatarnagarathna

    hi. I m planning to do new business. I have some idea about business soo please help me can I get bank loan for women . I m interested in doing business

    Reply
  3. Avatarnagarathna

    hi. I m interested to open silk and designer saree house. I m planning to open big budget. soo can I get loan for this business up to 10 lakh. please suggest me.

    Reply
    1. AvatarTeam BankBazaar

      Hi nagarathna,

      To get a business loan you will have to first start your own business, have a significant amount of sales and generate income/profits through it. Banks will need a valid income proof, valid id proof and sometimes a guarantor too. For starting your business, you might have to get a loan against property or a Personal Loan. If you are presently not employed, getting a Personal Loan may not be easy. We suggest that you consider a loan against any of your assets.
      Cheers,
      Team BankBazaar

      Reply
  4. AvatarVineela

    Hi I am vineela I had a beauty parlour, I am running it from last 2 months, I want a bank loan on my certificate and shop. Can u give me a business loan

    Reply
    1. AvatarTeam BankBazaar

      Hi Vineela,

      Thank you for getting in touch. You can get a Personal Loan for your business. Check your eligibility for a Personal Loan by clicking here. However, do know that granting a Personal Loan is purely at the discretion of the bank. Hope this helps!

      Cheers,
      Team BankBazaar

      Reply
  5. AvatarManisha Bhoir

    Hii i manisha
    I opne my own shop which is cosmetics lady under garment n imitation jwellery shop so i want loan on that business but with government subsidy is this possible

    Reply
    1. AvatarTeam BankBazaar

      Hi Manisha,

      Thanks for getting in touch. You can read this article on 8 Steps To Start Your Own Business to understand how to get started with your business.
      And if you need a loan, you can check your eligibility here.
      Certain eligibility criteria such as income bracket and maximum tenure of the loan will be taken into consideration. SIDBI does offers subsidy for loans. For business loans, you can claim tax exemption but there might not be any subsidy.

      Cheers,
      Team BankBazaar

      Reply

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