Small business loan- Documents, Eligibility Criteria

1. 8/6/24, 3:06 PM Small business loan: Documents, Eligibility Criteria | CSL Finance CSL Finance Ltd 7 days ago 2 min read Small business loan: Documents, Eligibility Criteria Anyone willing to start a new business or want to extend the existing one might have requirements for ?nancial support. And indeed, it’s an opportunity for the entrepreneur to get the smallbusinessloan as per the requirement which can be the bridge between the inception and success of the business. However, there are certain eligibility criteria as per the documents, credit score and others which must be ful?lled before getting the loan approval. Hereafter there is a list of documents and other eligibility for a small business loan, and these are as follows. DocumentsrequiredfortheBusinessloans Various documents are required as per the lender's policy which might be from banks or NBFCs and these are as follows. IdentityProof: In the identity proof you must have an Aadhar card, Driving licence, passport and others like voter ID or any other facilitated by the government. Certificateofincorporation: The certi?cate of incorporation is required for the assurance of the legal existence of your company, especially when you have an existing business. https://www.cslfinance.in/post/small-business-loan-documents-eligibility-criteria 1/3

2. 8/6/24, 3:06 PM Small business loan: Documents, Eligibility Criteria | CSL Finance GSTregistration: Your company must be registered with the GST so that you can get the smallbusinessloan easily. PANcard: To get the ?nancial transaction and credit score, your PAN card is essential. BusinessLicence: It assures the nature of your business and the area where your business is supposed to be operated. BankStatement (PersonalandBusiness):  You must have bank statements for your account as well as your business account. BusinessPlan: For the new business, you must have a precise layout of the business considering all the factors directly related to your business. Steps to apply for a small business loan Calculateloanamount: As per your requirements, calculate your loan amount as per the layout of your business.   Getreadywithallthedocuments: Collect all the documents that are required for the business loan. Searchthelender: Search the lenders before applying for the smallbusinessloan, and be sure that you are getting the loan as per your requirements and eligibility criteria. Applyonlineandsubmitdocuments: With the documents, apply for the loan and send your documents. Gettheapproval: With the approval process, your loan application will be veri?ed and the loan amount will be disbursed.  Features and Bene?ts of a Business Loan Easyapplication: You can easily apply for a business loan, especially with the eligibility criteria.  Instantfinancialsupport:  It helps you get instant ?nancial support for your business so that you can run your business without any ?nancial interruption.  https://www.cslfinance.in/post/small-business-loan-documents-eligibility-criteria 2/3

3. 8/6/24, 3:06 PM Small business loan: Documents, Eligibility Criteria | CSL Finance Fastapproval: The business loan will be approved shortly with all the documents and eligibility criteria. Enhanceyourcreditscore: For better ?nancial support in future, it enhances your credit score. Conclusion Small business is one of the best options to get ?nancial support for your business either for a new business or an existing one. To get the capital support or to get the maintenance, you will get the loan on time or instantly. For that, get ready with all the documents, draw the blueprint for your business, and then after searching the lender, apply for the smallbusinessloan and get the disbursal shortly.   https://www.cslfinance.in/post/small-business-loan-documents-eligibility-criteria 3/3