5 Factors that Effect Your Business Loan Eligibility

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5 Factors that Effect Your Business Loan
Eligibility
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Business plan

• Like a personal loan, you will not get a loan
  when you ask for without stating your plan. A
  business loan will need a well proof plan to work
  you out. If the loan provider feels that the plan
  will work and will reap profits in the future,
  you are good to go.

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Income

• Your income will be considered. It is an
  important eligibility check done on borrowers. If
  your business is there in the market for a year,
  the loan provider will see the income earned. And
  in case you are starting, the business plan will
  be considered..

4
Credit History

• Your credit score and credit history will be
  considered before approving your business loan.
  If you are having an impressive score, it proves
  your repayment ability.

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Age 

• Age will be an important eligibility check when
  you apply for a business loan. The minimum age
  for taking a business loan is stated as 25 years
  and higher. Anyone who is below that can be a
  little risky, during the repayment. Age is very
  important to understand the mentality and ability
  to repay the loan.

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Documentation

• You need to present every document on the table.
  You cannot miss one as that can delay or reject
  your loan application.
• Identity proof
• Address Proof
• Ownership proof
• Business continuity proof

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Contact Us  

• Address 901b, 9th Floor, Two Horizon Centre, DLF
  Phase V, Gurgaon, Haryana, India 122002
• Telephone No 1800 200 9898
• Email hello_at_clix.capital
• Websitehttps//www.clix.capital/business-loan/

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Thanks!