A small business loan, also known as a commercial loan, is a loan product designed especially for investment in a business. Business loans for small businesses cater to the urgent needs that a new opportunity can throw up. These loans can either be secured by collateral or be unsecured, based on the amount needed, the type of loan and the relationship between the business and the lender.
The criteria that you must meet before applying online for a small business loan include:
The procedure for applying for a small business loan is quite simple. You can apply online for a small business loan in 3 simple steps:
The first step before applying online for a small business loan is to check if your application matches the criteria as mentioned above. This will ensure that your loan does not get rejected later in the process.
Submit the business loan application form available online. Our representative will get in touch with you to take the process ahead.
If your profile matches our eligibility criteria, you will be asked to submit the required business loan documentation. After successful verification of your documents as per Fullerton India’s policy, your loan gets approved and the funds get disbursed to your registered bank account.