Checklist for a business loan application

A
Ajay SinghExecutive en Clix Capital
© Clix Capital Services Pvt. Ltd. All rights reserved.
Checklist for a
Business Loan
Application
2
© Clix Capital Services Pvt. Ltd. All rights reserved.
Business stability
Planning an expansion? Whether you
plan for an infrastructure
expansion or an expanding product
line, an instant business loan is
important. It has become
challenging to get approval for a
business loan. Therefore, it is
important to meet all the criteria
of eligibility according to the
checklist. Have you checked out
the business loan application
checklist? Here’s what you need to
fulfil in order to apply for a
business loan.
3
© Clix Capital Services Pvt. Ltd. All rights reserved.
Build a good business plan
Understand business requirements: It is
important to understand the requirements of
business. When you understand the areas of
development, you can invest in the right
area. A business needs a lot of improvement
and development with the help of funds.
Access to capital will help in meeting
business needs and expenses. The
requirements are different for every
business, so try to figure out the
requirements of your business.
4
© Clix Capital Services Pvt. Ltd. All rights reserved.
High business revenue
Business revenue is important for a
successful business loan application. It
is one of the factors considered most
important by loan providers like banks
and non-banking companies. A high income
is an important eligibility criterion
when it comes to the approval of
business loan applications. For self-
employed individuals, business revenue
is the only source of income. If the
source of income is not stable, it will
be difficult to make the repayment.
Therefore, it is important to generate
enough sources of income through
business to get an unsecured business
loan.
5
© Clix Capital Services Pvt. Ltd. All rights reserved.
Business cash flow
Cash flow is important to
understanding business financial
health. If you have debt, it becomes
difficult to take out a new loan. The
cash flow statement should be a
balanced one. It speaks a lot about
your business credit health and
status. Click here for cibil score
check free.
www.clix.capital
This information made available is privileged and confidential and meant for private circulation only. The recipient/reader shall not engage in reproduction or
distribution of this document, in whole or in part, or make disclosure of its contents, without the prior written consent of Clix Capital Services Private Limited
(Clix). This information contained herein is provided strictly for informational and internal discussion purposes and does not create a business or professional
services relationship, nor does it constitute an offer or solicitation of an offer or any advice or recommendation, to purchase any securities or other financial
instruments.
This document has been prepared on the basis of data provided by companies, publicly available information, internally developed data, and other third party sources
believed to be reliable. Whilst no action has been solicited based upon the information provided herein, Clix exercises due care in selection of the information to
avoid inaccuracies and believes the representations contained therein as fair and reasonable. However, it does not guarantee the accuracy of any such information and
has not independently verified the assumptions on which such information is based. Clix along with their respective directors, employees, affiliates, or
representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy, and reliability of such information and none shall be liable
for any direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including lost profits arising in any way from the information contained
in this material.
Recipients of this information should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice
and arrive at an informed investment decision before making any investments. Investments in securities are subject to market risks. No assurances, guarantees, or
representations can be made that the objectives of any of the investments will be achieved. Readers should note that investments will involve significant risks and
the investments may not be suited to all categories of investors.
Certain information contained in this document may constitute ‘forward-looking statements,’ which can be identified by the use of forward-looking terminology. Due to
various risks and uncertainties, actual events or results, or the actual performance of the company and the group may differ materially from those reflected or
contemplated in such forward-looking statements. Clix is not responsible or liable for any loss resulting from the management of any such investments. Willing
investors should have the financial ability and willingness to accept risks and lack of liquidity, which are characteristics of the investments described herein.
Thank You
For more information please contact:
Clix Capital Services Private Limited
Email: hello@clix.capital | Mobile: 18002009898
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Checklist for a business loan application

  • 1. © Clix Capital Services Pvt. Ltd. All rights reserved. Checklist for a Business Loan Application
  • 2. 2 © Clix Capital Services Pvt. Ltd. All rights reserved. Business stability Planning an expansion? Whether you plan for an infrastructure expansion or an expanding product line, an instant business loan is important. It has become challenging to get approval for a business loan. Therefore, it is important to meet all the criteria of eligibility according to the checklist. Have you checked out the business loan application checklist? Here’s what you need to fulfil in order to apply for a business loan.
  • 3. 3 © Clix Capital Services Pvt. Ltd. All rights reserved. Build a good business plan Understand business requirements: It is important to understand the requirements of business. When you understand the areas of development, you can invest in the right area. A business needs a lot of improvement and development with the help of funds. Access to capital will help in meeting business needs and expenses. The requirements are different for every business, so try to figure out the requirements of your business.
  • 4. 4 © Clix Capital Services Pvt. Ltd. All rights reserved. High business revenue Business revenue is important for a successful business loan application. It is one of the factors considered most important by loan providers like banks and non-banking companies. A high income is an important eligibility criterion when it comes to the approval of business loan applications. For self- employed individuals, business revenue is the only source of income. If the source of income is not stable, it will be difficult to make the repayment. Therefore, it is important to generate enough sources of income through business to get an unsecured business loan.
  • 5. 5 © Clix Capital Services Pvt. Ltd. All rights reserved. Business cash flow Cash flow is important to understanding business financial health. If you have debt, it becomes difficult to take out a new loan. The cash flow statement should be a balanced one. It speaks a lot about your business credit health and status. Click here for cibil score check free.
  • 6. www.clix.capital This information made available is privileged and confidential and meant for private circulation only. The recipient/reader shall not engage in reproduction or distribution of this document, in whole or in part, or make disclosure of its contents, without the prior written consent of Clix Capital Services Private Limited (Clix). This information contained herein is provided strictly for informational and internal discussion purposes and does not create a business or professional services relationship, nor does it constitute an offer or solicitation of an offer or any advice or recommendation, to purchase any securities or other financial instruments. This document has been prepared on the basis of data provided by companies, publicly available information, internally developed data, and other third party sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, Clix exercises due care in selection of the information to avoid inaccuracies and believes the representations contained therein as fair and reasonable. However, it does not guarantee the accuracy of any such information and has not independently verified the assumptions on which such information is based. Clix along with their respective directors, employees, affiliates, or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy, and reliability of such information and none shall be liable for any direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including lost profits arising in any way from the information contained in this material. Recipients of this information should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments. Investments in securities are subject to market risks. No assurances, guarantees, or representations can be made that the objectives of any of the investments will be achieved. Readers should note that investments will involve significant risks and the investments may not be suited to all categories of investors. Certain information contained in this document may constitute ‘forward-looking statements,’ which can be identified by the use of forward-looking terminology. Due to various risks and uncertainties, actual events or results, or the actual performance of the company and the group may differ materially from those reflected or contemplated in such forward-looking statements. Clix is not responsible or liable for any loss resulting from the management of any such investments. Willing investors should have the financial ability and willingness to accept risks and lack of liquidity, which are characteristics of the investments described herein. Thank You For more information please contact: Clix Capital Services Private Limited Email: hello@clix.capital | Mobile: 18002009898