Can you tell me am I eligible to take a business loan from a public sector bank?

#1

I want to take a loan for my business.

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#2

Although it depends from lender-to-lender, here’s what most of the lenders will check:

  • The lender will check the financial strength and the stability of the business
  • Background of the owner and the business
  • Credit score
  • The amount applied for and the reason for the same
  • And also if there is any risk related in granting the loan to the borrower
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