Empowering Businesses with Unsecured Financing Solutions

What is a Business Loan?

 

A business loan is a financial product designed to help businesses access the funds they need for various purposes. In the context of SME Business Loans, we refer to unsecured, income-based loans for self-employed individuals or companies.

Unsecured Business Loans do not require collateral or security and are based on the borrower’s current financial strength and credit history. These loans offer:

• Speedy Processing: Simple paperwork and quick disbursal make them easy to access.
• Flexibility of Use: Ideal for business expansion, marketing, or operational improvements.

However, due to their unsecured nature, these loans may carry higher interest rates than secured financing options.

 

Uses of Business Loans

 

Business loans can be utilized for a wide range of purposes, including:

• Business Expansion: Fuel your company’s growth with additional funding.
• New Office Setup: Establish new locations or upgrade your workspace.
• Marketing & Branding: Strengthen your market presence with strategic campaigns.
• Business Improvement: Invest in operational efficiencies and technology upgrades.

 

Eligibility Criteria for SME Business Loans

 

Your eligibility for a business loan is determined based on:

1. Financial Health: Last 2–3 years’ business financials.
2. Business Tenure & Activity: Years in business and current operational levels.
3. Industry Analysis: Nature of your industry and recent performance trends.
4. Location & Obligations: City of business operations and current financial commitments (e.g., EMIs, credit cards, credit limits).
5. Credit History: Financial history, including CIBIL score and repayment track record.

 

Want to check your eligibility or apply now?

Call us at +91 7016422730 or email us at office@finbizz.co.

 

Documents Required for SME Business Loans

 

• Identity proof: Aadhaar card, Pan Card
• Residence proof: Passport,  Aadhaar Card
• PAN card (Individual & Business)
• For salaried applicants, salary slips of the last 3 months and last 6 months’ bank statements
• Self-employed applicants have to submit the ITR for the last three years with P&L, Balancesheet and Audit Reports (If AQpplicable) and Bank statements for past 12 Months ( Current & Savings Accounts)
• Business Registration proof ( GST Certificate, MSME , Gumastadhara )
• GSTR 1 & 3B for past 12 M (Business man)
• Business Continuity Proof 
• A letter stating the end use of the business loan funds on a company letterhead

 

 

 

Why Choose Finbizz for Your SME Business Loan? 

 

1. Simple Documentation & Fast Processing: Enjoy a hassle-free application process with minimal paperwork.
2. Doorstep Convenience: Experience personalized service with end-to-end assistance delivered at your doorstep.
3. Competitive Interest Rates: Get access to the best market rates for your business loan.
4. No Collateral Required: Secure funding without the need for collateral or guarantors.
5. Balance Transfer Option: Save on your current EMI by transferring your loan to us. Slash your interest rate by up to 2% and reduce your repayment burden.

 

Get Started with Finbizz Today

 

At Finbizz Financial Solutions, we are committed to supporting SMEs with financing solutions that drive growth and operational success.

 

Contact Us Now to explore your loan options or check your eligibility. Let us help you take your business to the next level!