What is Business Loan?
A Business Loan or Commercial Loan from Laxmi Fincorp can help you set up or expand your business. We understand that business finance is essential for existing firms in different phases of expansion, and thus we make procuring a business loan in India easy and simple. You don’t need to provide any guarantors or give any collateral to get business loans to start a new business, even when you apply online.
Purpose Of Personal Loan
You can take business loan from us for any business purpose as follows:
Funding for Small Business Startups.
- Loan for Shop
- Loan for Dairy Farm
- Loan for Chicken or Poultry Farm
- Loan for Fishery or Fish Farm
- Loan for Poultry Farm
- Loan for Sheep or Goat Farm
- Loan for Pig Farm
- For Food and Processing Industry.
- For Working Capital for MSMEs(Micro Small Medium Enterprises).
- For Purchase for Plant and Machinery or Other Equipments.
- For Purchase for Inventory Goods or Supplies.
- For Purchase for Office Furniture or Fixtures.
Eligibility Criteria for Business Loan
- Limited or Private Limited Company
- Partnership or Proprietorship Firm
- Chartered Accountant / Self Employed Professional
Required Documents For Personal Loan
- 1 Photograph of Co-Applicant
- Income Details: IT returns, Balance sheet & P/L account statement for the last 2 years with Annexure, Form 16 A
- Bank account statements for the last 3 months
- KYC documents of Co-applicant
- Business vintage for 5 years