Business Loan
Services
Fuel your business growth with tailored financing solutions. From working capital to expansion, we have you covered.
What is a Business Loan?
A Business Loan is a financial product designed specifically for businesses to meet their operational or expansion needs. It can be secured (against collateral) or unsecured (based on creditworthiness).
Whether you need funds for purchasing inventory, upgrading machinery, managing cash flow, or opening a new branch, a business loan provides the necessary capital without diluting your equity.
Why Choose Credorra?
We understand that every business is unique. Our experts analyze your cash flow and business model to recommend the right type of loan—be it a Term Loan, Overdraft, or Line of Credit—at the most competitive rates.
Startup Capital
Working Capital
Machinery
Types of Business Loans
Term Loan
Lump sum amount for long-term investments like expansion or equipment. Repaid in fixed EMIs.
Working Capital
Funds to manage day-to-day operations like payroll, rent, and inventory purchases.
Machinery Loan
Specifically for purchasing new plant and machinery to upgrade production capacity.
Overdraft Facility
Access to extra funds up to a limit in your current account. Pay interest only on what you use.
Invoice Discounting
Get immediate cash against your unpaid invoices from customers.
Shop & Establishment
Loans for retailers and traders to manage stock and shop renovations.
Who Can Apply?
| Criteria | Requirement |
|---|---|
| Business Vintage | Minimum 3 years in current business (Some lenders accept 1 year) |
| Annual Turnover | Minimum ₹10 Lakhs per annum (Varies by lender) |
| Profitability | Business should be profitable for the last 2 years |
| CIBIL Score | 700+ Preferred (Both Personal and Business CIBIL) |
| Age of Applicant | 25 to 65 years |
| Entity Type | Proprietorship, Partnership, LLP, Pvt Ltd, OPC |
Documents Required
Keep these documents ready for a smooth application process.
Start ApplicationKYC Documents
- PAN Card (Business & Applicant)
- Aadhar Card / Voter ID / Passport
- Passport Size Photographs
Business Proof
- GST Registration Certificate
- Shop & Establishment Act / Udyam Aadhar
- MOA/AOA (For Companies) or Partnership Deed
Financial Documents
- Last 2 Years' ITR with Computation of Income
- Last 12 Months' Bank Statements (Primary Operating Account)
- Balance Sheet & P&L Account (Last 2 Years)
- GST Returns (Last 12 Months)
Simple 4-Step Process
Consultation
We assess your business needs and financial health.
Document Submission
Submit KYC, Business Proof, and Financials.
Verification & Approval
Lender verifies details and sanctions the loan.
Disbursal
Funds credited to your business account.
Common Questions
It is difficult but possible. Some NBFCs offer loans based on bank statements and GST returns if ITR is not available, but the interest rate may be higher and the loan amount lower.
Typically, the tenure ranges from 12 months to 60 months (5 years). For machinery loans, it can go up to 7-10 years depending on the asset life.
Not always. Unsecured business loans are available up to ₹50 Lakhs - ₹1 Crore based on your credit profile. For larger amounts, collateral like property or FDs may be required.
Regular GST filing shows consistent business activity. Many lenders now use GST data to verify turnover and offer pre-approved loans to compliant businesses.
Scale Your Business Today.
Don't let lack of funds stop your growth. Let Credorra help you find the perfect Business Loan solution.
Apply Now