Factors That Determine Your Business Loan Approval

1

• Factors That Determine Your Business Loan
  Approval

2

• Business Loan What and Why?
• It helps you raise money from financial
  institutions for your business.
• You must repay the loan with interest over a
  certain time.
• Business loan helps you expand or advance your
  venture.

3

• Different Types of Business Loan
• Secured business loan- Available against an asset
  pledged as collateral.
• Unsecured business loan- Provided based on
  applicants profile, income, credit score.
• Business loan examples- Working capital loan,
  start-up loans, equipment financing and more.

4

• Business Loan Benefits
• No collateral is needed for unsecured business
  loan.
• Loan interest amount is subject to tax deduction.
• Business loans are designed as per your
  requirement.
• Instant disbursal with minimal paperwork.

5

• Factors Affecting Your Loan Approval
• You should be between 25 and 60 years.
• Your business should have stable income and
  promising growth strategy.
• Strong credit history required.
• Business must have sufficient cash flow.
• You must have a proper business plan, goal, sales
  projection.

6

• Business Loan Eligibility Criteria
• Age between 25-60 years.
• Minimum three years in current business.
• Strong credit history.
• Last three years audited financial statements
  and ITR from the preceding year.

7

• Get Your Business Loan With a Few Simple Steps
• Visit your preferred lenders branch or apply
  online.
• Submit the required documents.
• Once your documents are verified, get instant
  loan approval.

8

• Conclusion
• Business loan helps in expansion or setting up of
  a business. The loan process is hassle-free too.
  Apply now.

9
Thank You !Would Love to Hear From You

• Hero FinCorp Limited
• 09, Basant Lok, Vasant Vihar, New Delhi - 110057
• Tel. [phone]
• Email Id Corporate.Care_at_HeroFinCorp.com
• Website https//www.herofincorp.com/
• Know more- Factors That Determine Your Business
  Loan Approval