A Beginner’s Guide to Business Loans: How to Secure Funding for Your Startup
If you are looking for someone to fund your start-up business and give you a Business loan in Ahmedabad, we are here to guide you. At Moratorium Finserv, with over a decade of experience and extensive networking with qualified banks and other financial institutions, we offer loans with a minimum business vintage requirement of three years or more. We are your one-stop solution for all your funding requirements.
Moratorium Finserv aims to become a well-established loan agency company that provides financial assistance to individual people and even companies. Whether you want a personal loan, home loan, or small business loans for startups, we can help you out in every way possible. Our loan agency in Ahmedabad has partnered with HDFC Bank, ICICI Bank, Standard Chartered, Axis Bank, Kotak Mahindra, Bajaj, and Citibank to assist you and provide business loans.
What is a Business Loan?
It is an unsecured loan that does not require any collateral or security and is offered to self-employed persons and businesses. It can be used for consolidating any debts, buying assets, startup business, expansion of current business, and working capital. Moratorium Finserv offers Business loans and unsecured Business loan in Ahmedabad.
A business loan can be taken for 3 years and is given to people depending on the documentation, CIBIL scores, and business profile. However, a few NBFCs have now allowed getting Small business loans for 4 years.
Advantages of Business Loan in Ahmedabad
It is frequent for businesses to get a business loan because of the advantages it has. Some of them are-
- 1) No form of collateral or security is needed to get a business loan.
- 2) It can be obtained at a low rate of interest as compared to other money lending institutions.
- 3) It reduces the EMI load every month by enhancing CC payments.
- 4) A business loan has easy disbursement and is a fast process.
- 5) Taking a small business loan permits you to pay interest on the actual amount used.
Documents needed for a Business Loan in Ahmedabad
To obtain a Business Loan in Ahmedabad, you must need the following documents, such as-
- 1) Individual KYC Verification and Address Verification (Aadhaar Card/PAN Card/Voter ID/ Passport)
- 2) Business KYC Verification (PAN Card in the Firm’s Name and Address Verification through light bills in the company’s name.
- 3) Business KYC- GST certificate, MSME Certificate, Gumasthadhara for business registration.
- 4) Bank Statement- The previous year’s bank statement for each month.
- 5) Financial Statement- Recent ITR with income calculations, balanced sheets, profit and loss accounts of the previous 2 years.
FAQs
- 1) How to take a Business Loan in Ahmedabad?
You can contact our loan consultants at Moratorium Finserv to get full information about business loans for start-ups. We will provide you step-by-step guidance to make your process free of hassles.
- 2) Does Moratorium Finserv provide small business loans for start-ups?
Yes, Moratorium Finserv encourages self-employed people and business owners to take business loans.
- 3) What are the advantages of taking a Business Loan?
There is no need for any collateral or security and you can get business loans at a low rate of interest as compared to other financial institutions.