A loan that is expressly designed for business needs is known as a business loan. It entails the formation of a debt, similar to all loans, which will be repaid with additional interest. Bank loans, mezzanine finance, asset-based financing, invoice financing, microloans, business cash advances, and cash flow loans are just a few of the several kinds of business loans available.
List of Documents Required for Self-Employed Individuals
Proof of Identity (Pan Card & Aadhar Card Is Compulsory Other Than That Any One of Below)
Proof Of Residance (Any One Required)
Proof Of Ownership Of Residance (Any One)
Proof Of Office Address
Proof of Office Ownership (Any One)
Proof of Business Existence (Any One)
Proof of Income
Income tax returns for the previous two years inclusive of Computation of Income, audit report, balance sheet, profit and loss account, etc.
Bank statement
Savings and current bank statement for the past one year.
Proof of Investment (if Any)
Investments such as fixed assets, fixed deposits, and shares.
Photograph
One passport size color photograph.
