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Business Finance Discussions about business finance, such as accounts and accounting, business loans, taxes, and related business issues.

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  #1  
Old 03-06-2018, 05:04 AM
capitaworld capitaworld is offline
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Posts: 27
Default How can we get loan from bank for business?

Business Loans

A business loan is a loan specifically intended for business purposes.[1] As with all loans, it involves the creation of a debt, which will be repaid with added interest.

Types of Business Loans

Working Capital Loans: are utilized by companies to finance their day-to-day operations and boost their cash flow. It is not intended to buy assets or investments, they are used to cover rent, wages, mortgages and other required expenses.

Term Loan: is an asset-backed long term loan that has a specific repayment schedule. This funds can be used for Capital Expenditure, Upgrading Technology, Equipment Acquisition & Purchasing New Office/Shop.

Loan Against Property: is a collateral based loan where you mortgage your commercial or residential property and borrow funds against it. You donít have to sell the property to get the funds as bankís right on the property goes away after you repay the loan.

Loans Against Securities: allows you to get instant liquidity without losing ownership of it. This loan product enables the customers to get instant liquidity without selling their Shares (Equity and Preference) or Securities (Mutual Funds, Insurance Policy, Gold Deposit Certificate, NABARD Bonds, NSC, KVP, FMP, NCD etc).

Checklist of Documents Required for Business Loan

- Identity proof- Driving License/PAN Card/ Passport / Voters ID card.
- Address Proof (Ration Card Tel/Electricity Bill/ Passport/ Trade License / Lease Agreement/ Sales Tax certificate).
- Latest ITR along with computation of Balance Sheet, Income & Profit & Loss a/c for the last 2 yrs.
- Business Continuity Proof.
- Updated Bank Statement.
- Any other document based on his/her profile.


If you have any query related to loans, you can get free advice here.

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  #2  
Old 05-13-2019, 07:26 PM
Valz Miky Valz Miky is offline
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Join Date: Sep 2016
Posts: 220
Default Re: How can we get loan from bank for business?

I donít like this loan theme at all, as I feel this is just putting life at stake, which is not worthy in any way at all. I would suggest that we should do something genuine and worthy.

This is where I like Forex trading, which is a lot easier and simpler with companies like FreshForex, who are high class and offers great deal of benefits. One can invest smaller amount and get 200% Deposit Bonus, so thatís simply astonishing.
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Old 05-17-2019, 05:56 AM
SunnyMay SunnyMay is offline
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Join Date: Sep 2016
Posts: 199
Default Re: How can we get loan from bank for business?

You're right, there are a lot of scams online, but you can find a reliable loan company. I advise you to look into payday loan store in Chicago and leave a request for the required amount. In this company, customers do not need to have a good credit history and you will get the money on the same day.
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