Business Loan

Fuel Your Growth with Smarter, Faster Finance

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Empowering Your Business Journey

We understand the dynamic needs of businesses. That’s why YesLoans makes securing your business loan efficient, flexible, and transparent.

Access to 100+ Lenders

Gain a competitive edge with hand-picked loan offers from India's leading banks and NBFCs, ensuring you find the perfect match for your unique business requirements.

Rapid Approval & Disbursal

Leverage our advanced AI-powered, contactless process for swift sanctions and quick credit to your account, so your business never misses a beat.

Flexible Funding Solutions

We offer short-term, medium-term, and long-term business loans with adaptable terms to cater to every stage of your business growth.

Collateral-Free Options

Many of our business loan partners offer unsecured financing, meaning you don't have to pledge assets, allowing for quicker approvals and peace of mind.

Flexi Loan Advantage

Opt for a Flexi Loan option to withdraw funds as needed and pay interest only on the amount utilized, giving you ultimate control over your capital.

Streamlined Online Process

Apply and manage your loan with ease from anywhere, anytime. Our digital platform simplifies document submission and tracking.

No Upfront Fees

Your success is our priority. We are committed to transparency and do not charge any upfront fees for our services.

What is business loan?

A Business Loan is a crucial financial instrument designed to support the operational and growth capital needs of a company. It serves as a vital source of working capital for new ventures and facilitates significant expansion for established enterprises, enabling them to scale up and adapt to ever-changing market trends.

The terms and conditions of a business loan are typically customized by the lender based on the specific requirements and financial health of the firm. Key factors considered include the business’s creditworthiness, financial statements, and the intended purpose of the loan, ensuring you receive a tailored financial solution.

Types of Business Loans Tailored for Growth?

YesLoans helps you explore various types of business loans to match your strategic objectives:

Term Loans

Obtain a fixed loan amount repaid over a set period through regular installments. Ideal for long-term investments like asset acquisition, expansion projects, or infrastructure development.

Working Capital Loans

Designed to cover your company’s day-to-day operational expenses, such as inventory purchases, supplier payments, and employee salaries, ensuring smooth cash flow.

Machinery Loans

Specifically proposed to help businesses acquire or upgrade essential machinery and equipment, boosting production capacity and operational efficiency.

Startup Loans

Tailored for emerging and new enterprises, these loans provide initial funding to cover setup costs, early working capital needs, and other essential expenses in the nascent stages of your business.

Small Business Loans (MSME Loans)

Finance for Micro, Small, and Medium-sized Businesses (MSMEs) to support diverse needs, including working capital, equipment purchases, inventory management, or expansion plans.

Export-Import Loans

Specialized financing for businesses involved in international trade, offering pre- and post-shipment funding, working capital for export-focused companies, or support for import-related operations.

Get In Touch With Us

We do not charge any upfront fees.
Find out the best deal we can offer without it affecting your credit score.

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Eligibility Criteria & Documentation: Simplified for Your Business

  • General Eligibility Criteria for Businesses
  • General Documentation Required for Business Loans
  • Business Vintage: Minimum of 1 to 3 years in operation (varies by lender and loan type).
  • Annual Turnover: Varies significantly based on the loan amount and lender.
  • Profitability: Consistent profitability is often a key factor.
  • Credit Score: A healthy credit score for the business and/or promoters is essential.
  • Business Registration: Valid business registration and necessary licenses.
  • Business KYC Documents: PAN Card of the business, Certificate of Incorporation/Registration. 
  • Promoter/Director KYC: PAN Card, Aadhar Card, and proof of address for all key individuals. 
  • Business Bank Statements: Last 6 to 12 months' bank statements. 
  • Financial Statements: Audited financials for the last 1-3 years (Profit & Loss, Balance Sheet), Provisional Financials if the latest audit is pending. 
  • GST Returns: Latest GST returns (e.g., GSTR-3B). 
  • Business Proof: Shop & Establishment Certificate, Udyog Aadhar, Partnership Deed, Memorandum of Association (MoA) & Articles of Association (AoA), etc. 
  • Income Tax Returns (ITR): Business ITRs for the past 1-3 years. 
  • Loan Sanction Letters: If any existing loans.
  • Business Vintage: Minimum of 1 to 3 years in operation (varies by lender and loan type).
  • Annual Turnover: Varies significantly based on the loan amount and lender.
  • Profitability: Consistent profitability is often a key factor.
  • Credit Score: A healthy credit score for the business and/or promoters is essential.
  • Business Registration: Valid business registration and necessary licenses.
  • Business KYC Documents: PAN Card of the business, Certificate of Incorporation/Registration. 
  • Promoter/Director KYC: PAN Card, Aadhar Card, and proof of address for all key individuals. 
  • Business Bank Statements: Last 6 to 12 months’ bank statements. 
  • Financial Statements: Audited financials for the last 1-3 years (Profit & Loss, Balance Sheet), Provisional Financials if the latest audit is pending. 
  • GST Returns: Latest GST returns (e.g., GSTR-3B). 
  • Business Proof: Shop & Establishment Certificate, Udyog Aadhar, Partnership Deed, Memorandum of Association (MoA) & Articles of Association (AoA), etc. 
  • Income Tax Returns (ITR): Business ITRs for the past 1-3 years. 
  • Loan Sanction Letters: If any existing loans.

Your 5-Step Path to Business Loan Approval

Experience a quick and transparent application process with YesLoans

Submit Your Requirements

Tell us your business needs and
desired loan amount.

Explore Personalized Offers

Review and select from the best business loan offers from our extensive network of lenders.

Easy Document Upload

Securely upload your necessary business and financial documents online.

Dedicated Support

Our Relationship Manager will guide you through the process, assisting with any queries.

Rapid Sanction & Disbursal

Receive quick approval and swift transfer of funds to your business account.

Why Businesses Choose YesLoans?

  • Access Best Deals: Get the lowest interest rates and most favorable terms tailored for your business.
  • Free Credit Report: Access your business credit report to understand your financial standing.
  • Live Rate Comparison: Transparently compare loan options from multiple lenders in real-time.
  • Strong Lender Partnerships: Benefit from our tie-ups with 100+ reputable Banks & NBFCs.
  • Quick & Seamless Process: Our digital platform ensures fast processing and quick disbursal across India.
  • Expert Guidance: Our dedicated team is here to provide professional advisory services.
Get Started with Your Business Loan Application

FAQ

Why should you take a business loan?

 A business loan can provide the necessary funds to finance growth initiatives thus leading to business expansion.  It also helps to maintain working capital to cover day-to-day operational expenses, such as purchasing inventory, paying salaries, managing cash flow, and meeting short-term obligations. It enables to bridge the temporary gaps in cashflow.

How can I speed up my loan approval?

Here are some tips that can help:

  • Prepare necessary documents in advance and gather all the required documents for the loan application, such as business financial statements, bank statements, income tax returns, identity proof, address proof, and any other documents requested by the lender.
  • Maintain a good credit by paying bills and existing loans on time, keeping credit card utilization low, and minimizing credit inquiries
  • Have a well-documented business plan which should outline your business goals, financial projections, repayment strategy, and how the loan funds will be utilized. It enhances your credibility as a borrower.
  • Improve your debt-to-income ratio: the ratio of your monthly debt obligations to your monthly income. A lower DTI ratio indicates better financial stability.
  • Consider collateral option helps to increase the chances of approval and expedite the process since secured loans have a lower risk for lenders.
What are the benefits of taking a business loan?

There are several benefits of taking a business loan from us. Here are some key advantages:

  • Financial flexibility: This can include expanding your operations, purchasing equipment or inventory, hiring staff, or meeting working capital requirements.
  • Cash flow management: With a business loan, you can bridge the gap between payables and receivables, ensuring smooth operations.
  • Tax benefits: Interest paid on business loans is eligible for tax deductions, which can help reduce your taxable income.
What is the minimum turnover requirement for a Business loan?

In general, lenders typically prefer businesses with a minimum turnover of around Rs. 10 lakhs to Rs. 25 lakhs per annum for small business loans. However, this requirement may vary significantly depending on the lender, loan amount, and the nature of the business.

Can a salaried person get business loan?

You may be able to obtain a business loan for salaried individuals depending on the lender you choose, subject to any applicable eligibility requirements.

What are the Eligibility criteria for a business loan?

The eligibility is based on factors mentioned below:

  • Last 2-3 years of financials to get an estimate of business’s financial health
  • Nature of the industry the business deals in and how has that industry performed in recent times
  • Obligations of the company for instance the other installments (EMIs), credit limits, etc
  • The company’s past credit history