Business Loans

According to the official reports, the number of registered startups in India has increased, from 726 in 2016-17 to 65,861 in 2021-22. And there are still many more planning to join the league. If you are one of them, then Business Loan is for you!

A business loan is a loan that is solely for business purposes. Traders and manufacturers require business loans to operate their businesses of selling and purchasing goods or manufacturing and selling products. They require a business loan to cover operating expenses or to purchase plants and machinery.

Generally, such a process requires a request in the prescribed application form with CMA data, invoices for machinery in case of the Term Loan, Promoters background check, and assessment of funds requirement based on realistic projections to see whether the activity is viable.

Sukoba is your one-stop solution for all the paperwork necessary for the preparation of the proposal for lenders to make an informed decision for financing. We arrange for bank facilities like Cash Credit Hypothecation, Export Limits (both pre and post-shipment), Letter of Credit, and Bank Guarantees to meet both short-term and long-term funds requirement of the Unit.