My son has been working for many years, and now he wants to start his own business


Will he get loans more easily because he has professional experience?


Yes, it most definitely will help him get a loan more easily than someone who does not have any professional experience at all. If your son has experience of working in a particular industry and wishes to start his own business in the same industry, he will most likely be given preference over others. There will be certain criteria by the NBFC/ bank which will need to be fulfilled, but remember that your son has a big advantage because of his experience and that will help him in securing a business loan.