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Home/Business Loan
Business Loan

Grow Your Business.
Fund Your Vision.

Working capital, term loans, equipment finance, MSME schemes — we find the right funding for every type and size of business.

11.00% p.a. onwards  ·  Up to ₹5 Cr unsecured  ·  Secured options available
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Loan Types

Every Business
Every Need

🔄 Working Capital Loan
Cash Credit / Overdraft for day-to-day operations. Pay interest only on what you use.
🏭 Term Loan
Lump sum for expansion, machinery, fit-out, or acquisition. Repaid in fixed EMIs.
🌱 Mudra / Govt-Backed Loans
Up to ₹10 Lakh without collateral. For micro businesses, street vendors, small manufacturers.
📄 Invoice Discounting
Get 70–90% of pending invoice value instantly. No collateral — invoice is the security.
⚙️ Equipment Finance
Finance machinery and equipment. Equipment itself is collateral. Lower rates, longer tenure.
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Documents Required

Business Loan Checklist

👤Proprietorship / Individual Business
Aadhaar Card + PAN Card (owner)
Last 3 years ITR with computation
Profit & Loss + Balance Sheet (3 years)
12 months current account bank statements
GST registration + last 6 returns
Business address proof
Udyam / MSME certificate
Shop & establishment certificate
🏢Company / Partnership Business
Aadhaar + PAN (all directors/partners)
Company PAN card
Certificate of incorporation / Partnership deed
MOA & AOA (for Pvt Ltd)
Last 3 years audited financials
12 months current account statements
GST registration + returns
Board resolution (for Pvt Ltd)
FAQs

Business Loan Questions

What is the minimum business vintage required?⌄
Most banks require 2+ years of stable business operation with positive income. Some specialised lenders accept 1 year for strong profiles. For startups under 1 year, Mudra Yojana and government-backed schemes may be accessible.
Can I get a business loan without collateral?⌄
Yes — up to ₹5 Cr through unsecured term loans for strong profiles. Government-backed credit guarantee schemes allow banks to lend without collateral to MSMEs. Mudra Yojana offers up to ₹10 Lakh fully collateral-free.
What is the Mudra Yojana scheme?⌄
PM Mudra Yojana offers collateral-free loans: Shishu (up to ₹50K), Kishor (₹50K–₹5L), Tarun (₹5L–₹10L). Available from banks and MFIs. No processing fee. Ideal for micro businesses, street vendors, home-based businesses, artisans.
Is GST registration mandatory for a business loan?⌄
GST registration strengthens your application significantly and is practically required above ₹20L loan. For smaller amounts (Mudra), it is helpful but not always mandatory. We advise getting registered if your turnover qualifies.
What is working capital vs term loan?⌄
Working Capital: Revolving credit for daily operations (inventory, payroll, overheads). Cash Credit or Overdraft — use as needed, pay interest on drawn amount. Term Loan: Fixed amount disbursed once, repaid in EMIs. For specific capital expenditure or expansion.
Can a startup less than 2 years old get a business loan?⌄
Traditional bank loans are difficult under 2 years. Options: (1) Mudra Yojana — available to new businesses, (2) Fintech NBFCs — more flexible on vintage, (3) Invoice discounting — if you have customer invoices, (4) Collateral-backed loan against personal property.
How does invoice discounting work?⌄
You submit unpaid customer invoices to a lender. They advance 70–90% of the invoice value immediately. When your customer pays (30–90 days later), you receive the balance minus fees. No traditional collateral needed — the invoice is the security.
What is CGTMSE scheme?⌄
Credit Guarantee Fund Trust for Micro and Small Enterprises provides guarantee coverage (75–85%) to banks for MSME loans up to ₹5 Cr. Banks are more willing to lend since most of the risk is covered. Enables collateral-free lending for eligible MSMEs.
What turnover do I need for a ₹1 Cr business loan?⌄
General benchmark: banks lend 2–3× annual turnover for term loans and 20–25% of turnover for working capital. For ₹1 Cr, annual turnover of ₹40–50 Lakh+ with 2 years of stable profits is typically needed.
How long does business loan approval take?⌄
7–15 working days for standard term loans. Working capital facilities (OD/CC) may take 10–20 days including property valuation if secured. We prepare your file correctly the first time — reducing back-and-forth delays.
Can a woman entrepreneur get special rates?⌄
Yes. Many banks and government schemes offer preferential rates for women-owned businesses — lower interest rate, reduced processing fee, relaxed eligibility. Schemes like Stree Shakti, Mahila Udyam Nidhi specifically target women entrepreneurs.
What is the difference between OD and CC?⌄
Overdraft (OD): Linked to current account. Overdraw up to approved limit. Better for occasional large needs. Cash Credit (CC): Separate credit account. Primarily for working capital with monthly interest on drawn balance. Both are revolving — repay and redraw.

Important Legal Notice

For your guidance and assistance only. Srikara Financial Services is an independent financial guidance and assistance platform. We help individuals understand and access loan and insurance products offered by banks, housing finance companies, and registered insurance providers. We do not lend money, we do not underwrite or issue insurance policies, and we do not make credit or underwriting decisions of any kind.

All loan sanctions, disbursals, and credit approvals are made solely by the respective financial institutions based on their own credit assessment policies. All insurance policies are issued solely by the respective registered insurance companies based on their own underwriting criteria. Approval is never guaranteed. Interest rates and premiums shown are indicative and subject to change.

No liability for financial outcomes. Srikara Financial Services and its representatives are not liable for any financial loss, claim rejection, policy lapse, loan default, or any other financial outcome arising from products accessed through our guidance. All financial decisions are the sole responsibility of the customer. We strongly recommend reading all product terms, conditions, and key information documents before making any financial commitment.

Tax information. Tax benefits and exemptions mentioned on this website are based on prevailing Income Tax Act provisions applicable to resident Indians. Tax rules are subject to change by the government. NRI tax treatment varies by country of residence. Please consult a qualified chartered accountant or tax advisor for personalised tax guidance. This website provides general information only and does not constitute legal, financial, or tax advice.