What you can use it for
- Working capital and cash-flow gaps
- Buying equipment or inventory
- Expanding to a new location or line
- Managing seasonal demand
Who can apply
Lenders differ, but eligibility usually depends on:
- A registered business with a track record lenders can assess
- Business vintage and turnover that meet the lender’s norms
- Filed financials and bank statements
- Owner KYC and business documents
Documents usually needed
- Business registration and KYC
- Recent bank statements and financials
- GST or tax filings, where applicable
Frequently asked questions
What can a business loan be used for?
Common uses include working capital, buying equipment or stock, and funding expansion. Lenders may ask about the purpose during the application.
Is a business loan secured or unsecured?
Both exist. Some business loans need collateral, others do not. FinThread helps you compare the options that fit your profile.
What documents are usually needed?
Typically business registration, KYC, recent bank statements and financials, and GST or tax filings where applicable.
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