Business Loans

businesloanA business needs funds to start or even to carry on its existing operations but the question arises from where can one get these funds. A business loan may be an answer to this question. Thus, one can approach a reputed financial institution and opt for a business loan according to one's need and thus fulfil his /her dream of starting a business or even financing, expanding his/her existing business. These loans can be secured as well as unsecured. Secured business loans generally have lower interest rates. Apart from a business loan a financial institution may have other kind of products like overdraft facilities to take care of the business needs of the individuals. To truly succeed in business, you need a reliable partner to support your every move. Erum can assist / structure / arrange Business Loans to fund your business needs. On-time funding is very important, especially when it comes to making the most of any business opportunity. We strive to meet all your enterprise needs. Our proximity and relations with various finance providers, we are in a position to provide the solution that's right for your business. If your business needs funds, reach out to us for timely service.


Salient features of Business Loan:

  • Minimum Ticket Size 1 Crore.
  • Maximum Ticket Size 5 Crores
  • Average Turnaround Time 7 days after receiving the complete set of documents.
  • Loans subject to credit appraisal at the sole discretion of Provider.
  • Should your business requirement fall in this category, rest assured, we can help with loans as per your requirements.

Who is Eligible for business loan ?

Any person who is running a legitimate business with good earnings can go for a business loan. Banks have certain criteria to validate on how much and whom to give. This is on the basis on.

  • Type of the business- Ie Proprietorship, Partnership, Pvt Ltd or Public Ltd.
  • Turnover of the business.
  • Profit of the business.
  • Cash flow of the business.
  • Track record and type of business.

How much Business loan I can get

Based on the profit and years of business and cash flow- Banks come out with eligibility of the loan amount it can give to business. This is based on how much profit he is making and how he can manage to pay the emi with the cash flow.

Business Loans can be used as:
  • Cash credit /Overdraft for meeting working capital finance requirement.
  • Export credit to provide pre-shipment and post shipment finance.
  • Letter of credit to facilitate trade.
  • Bank guarantees for meeting performance and financial obligations.
  • Term loans for purchase of commercial assets and business expansion needs.
  • Loan amount- up to Rs 50.0 million for working capital and capital expenditure needs.
  • Interest rate is linked to Bank's base rate for fund based facility.

Documents Required for business loan.

  • ID Proof
  • Address Proof
  • Proof of Continuity Of Business
  • Bank Statement 6 Months
  • Board Resolution (If pvt ltd co. is co-borrower/Partnership Authorization Letter {if partnership firm is co-borrower}
  • ITR & Statement Of Computation of Income – for last 2 Years
  • CA Certified or Audited P/L Acc Statement and for >40 Lacs cases Audit report along with schedules of P&L and Balance Sheet – for last 3 years
  • Latest ITR of Co-Applicants – For last 3 Years
  • Ownership Proof of Residence or Office.
  • Company Profile.
  • Collaterals / Security for availing the loan facility.
  • Brief Business Plan.

Important announcement are goes here