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The business loans that we provide are secure, approved, and legal.
For every business, finance is the lifeline. However, to set up a business, raising funds is difficult. Hence, several schemes have come up to help the user to get assured finance more easily. At Law Suvidha we can provide you access to such finance with added benefits of less paperwork, quicker approval and lower interest rates. We provide you the best business loans that meet your standards.
You will be able to start your business faster as the loans are flexible, as well as eligibility and EMI, along with low rates.
| The loans do not require any sort of collateral. Without any security deposit, you don’t have to worry about bearing extra costs. |
With the fast eligibility check of one minute time, you can furthermore get approvals for the loans are get access to finances faster.
The first step is to check the eligibility criteria & finalizing the list of banks from where you are interested in getting a loan.
The next step is to accumulate all the documents necessary to get the loan.
The final step is to fill the application & submit it for approval. The whole process might take 4-5 days.
1.PAN Card of company, the firm or the individual.
2. ID proofs
3. Bank Statements of the last 6 months
4. Latest ITR consists of the computation of income, balance sheets, and P&L account of the last 2 years
5. Proof of Continuation that can either be ITR/Trade License/establishment/Sales Tax Certificate
6. Sole Proprietorship Declaration or a notarized copy of the partnership deed.
7. A true copy of MOA and AOA.
How much of a business loan you can get depends on your business’s annual gross sales, creditworthiness, current debts, the type of financing, and the chosen lender. In general, lenders will only provide loans up to 10% to 30% of your annual revenue to ensure you have the means for repayment.
We recommend opening three accounts to help you stay on top of your small business finances: checking, money market, and high-yield savings.
Even in these circumstances, most financial institutions advise against using only one business bank account for every small business that you own. This is because managing your business will be more difficult.
