I want to apply for a business loan? Things I need to be careful about?

I need business loan urgently.

Apart from knowing the eligibility criteria and the documents needed by the lender, you should be careful about the following:

  • Make sure that there is no default in your credit report.
  • Make sure that the information you provide of the business is correct.
  • Give some details about your business.
  • Go for a business loan only if your business has been active for at least a year (or else the application can get rejected)