{"id":13099,"date":"2023-08-28T12:55:55","date_gmt":"2023-08-28T12:55:55","guid":{"rendered":"https:\/\/tata-blog.osian.dev\/blog\/?p=13099"},"modified":"2024-09-06T12:02:17","modified_gmt":"2024-09-06T06:32:17","slug":"how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/","title":{"rendered":"How to Submit Your Business Loan Documents like a Pro and Get Them Approved?"},"content":{"rendered":"\n<p>Back in the day, applying for a business loan seemed like an uphill battle. There was a lot of paperwork involved, and applicants had to run from one counter to another to submit their loan application and necessary documentation. And even after going through all the trouble, applicants had to wait a while for loan approval and disbursal.<\/p>\n\n\n\n<p>But, those days are long gone! Lenders have now relaxed the documentation requirements and simplified the entire loan application and disbursal process. Candidates can even fill out the loan application and submit the necessary documents online.<\/p>\n\n\n\n<p style=\"color:red\"><strong>Additional Read: <\/strong><a href=\"https:\/\/tata-blog.osian.dev\/blog\/business-loan\/business-loan-disbursal-process\/\">Business loan Disbursal process<\/a><\/p>\n\n\n\n<p>Moreover, they can use tools like the business loan calculator to explore different repayment options. With businesses facing liquidity issues and suffering substantial losses because of the Coronavirus pandemic, these reforms are more than welcome.<\/p>\n\n\n\n<p>Given below is a list of <a href=\"https:\/\/tata-blog.osian.dev\/business-loan\/documents-required.html\">business loan documents<\/a> that applicants must get in order to improve their chances of approval.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The duly filled loan application form.<\/li>\n\n\n\n<li>Two passport size photographs of the applicant(s).<\/li>\n\n\n\n<li>Identity proof, which could be any of the following &#8211; Aadhar card, voter ID, driving license, passport.<\/li>\n\n\n\n<li>Address proof, which could be any of the following &#8211; Aadhar card, voter ID, driving license, passport, bank passbook, utility bills, lease agreement, sales tax certificate, trade license.<\/li>\n\n\n\n<li>The company\u2019s bank statements from the past six-month period.<\/li>\n\n\n\n<li>The applicant\u2019s certified bank records for the past six months.<\/li>\n\n\n\n<li>Profit &amp; loss accounts and balance sheet for the past two years.<\/li>\n\n\n\n<li>Income tax returns (including computation) for the past two years.<\/li>\n\n\n\n<li>Documents to prove ownership.<\/li>\n\n\n\n<li>Declaration of sole-proprietorship or a certified copy of the partnership deed.<\/li>\n\n\n\n<li>The company\u2019s KYC documents including memorandum &amp; articles of association, registration of incorporation, PAN card, partnership deed.<\/li>\n\n\n\n<li>KYC documents of the business owner(s).<\/li>\n\n\n\n<li>A detailed report explaining how the loan amount is going to be used.<\/li>\n<\/ul>\n\n\n\n<p>* Note that before submission, applicants must have a registered CA (Chartered Accountant) audit the profit &amp; loss accounts and balance sheets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Business loan eligibility criteria:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The applicant(s) must be between 25 and 65 years of age.<\/li>\n\n\n\n<li>The applicant\u2019s CIBIL score must be 700 or more.<\/li>\n\n\n\n<li>The business must record a profit for three financial years consecutively.<\/li>\n\n\n\n<li>The business turnover must exhibit an upward trend.<\/li>\n<\/ul>\n\n\n\n<p>With <a href=\"https:\/\/tata-blog.osian.dev\/business-loan.html\">business loan<\/a> from Tata Capital, you can work around cash flow issues, upgrade equipment, scale operations, etc. We also offer various tools like the business loan EMI calculator, GST calculator, prepayment calculator, and foreclosure calculator to help you determine which repayment option works best for you to plan your repayment schedule.<\/p>\n\n\n\n<p>At Tata Capital, you can apply for business finance with minimal documentation and flexible repayment tenures. With attractive <a href=\"https:\/\/tata-blog.osian.dev\/business-loan\/rates-and-charges.html\">business loan interest rates<\/a>, dedicated after-sales support and years of experience in the industry, we are the ideal business finance provider for you.<\/p>\n\n\n\n<p style=\"color:red\"><strong>Additional Read: <\/strong><a href=\"https:\/\/tata-blog.osian.dev\/blog\/business-loan\/how-to-apply-for-a-business-loan-in-4-easy-steps\/\">How to Apply for a Business loan in 4 easy steps<\/a><\/p>\n\n\n\n<p>To get more information about our business finance offerings, log on to our website or give us a call today!<\/p>\n\n\n\n<div class=\"wp-block-group alignwide\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/tata-blog.osian.dev\/online\/loans\/business-loans\/home#!\">Apply Now<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Back in the day, applying for a business loan seemed like an uphill battle. There was a lot of paperwork involved. <\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/business-loan\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":13100,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-13099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Business Loan Documents: Know How to submit like a pro &amp; get Approval - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"Here are steps for how to\u00a0get\u00a0a business\u00a0loan\u00a0approval. Know here how to submit your Business loan documents like a pro and get them approved instantly!\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Loan Documents: Know How to submit like a pro &amp; get Approval - Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Here are steps for how to\u00a0get\u00a0a business\u00a0loan\u00a0approval. Know here how to submit your Business loan documents like a pro and get them approved instantly!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-28T12:55:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-06T06:32:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/12\/business-loan-documents-like-a-pro-and-get-them-approved.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/\",\"name\":\"Business Loan Documents: Know How to submit like a pro & get Approval - Tata Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2023-08-28T12:55:55+00:00\",\"dateModified\":\"2024-09-06T06:32:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Here are steps for how to\u00a0get\u00a0a business\u00a0loan\u00a0approval. Know here how to submit your Business loan documents like a pro and get them approved instantly!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapital.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to Submit Your Business Loan Documents like a Pro and Get Them Approved?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"TATA Capital Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\",\"name\":\"Tata Capital\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"caption\":\"Tata Capital\"},\"sameAs\":[\"https:\/\/tata-blog.osian.dev\/blog\"],\"url\":\"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Business Loan Documents: Know How to submit like a pro & get Approval - Tata Capital Blog","description":"Here are steps for how to\u00a0get\u00a0a business\u00a0loan\u00a0approval. Know here how to submit your Business loan documents like a pro and get them approved instantly!","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"Business Loan Documents: Know How to submit like a pro & get Approval - Tata Capital Blog","og_description":"Here are steps for how to\u00a0get\u00a0a business\u00a0loan\u00a0approval. Know here how to submit your Business loan documents like a pro and get them approved instantly!","og_url":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/","og_site_name":"TATA Capital Blog","article_published_time":"2023-08-28T12:55:55+00:00","article_modified_time":"2024-09-06T06:32:17+00:00","og_image":[{"width":770,"height":400,"url":"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/12\/business-loan-documents-like-a-pro-and-get-them-approved.jpeg","type":"image\/jpeg"}],"author":"Tata Capital","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tata Capital","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/","url":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/","name":"Business Loan Documents: Know How to submit like a pro & get Approval - Tata Capital Blog","isPartOf":{"@id":"https:\/\/www.tatacapital.com\/blog\/#website"},"datePublished":"2023-08-28T12:55:55+00:00","dateModified":"2024-09-06T06:32:17+00:00","author":{"@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a"},"description":"Here are steps for how to\u00a0get\u00a0a business\u00a0loan\u00a0approval. Know here how to submit your Business loan documents like a pro and get them approved instantly!","breadcrumb":{"@id":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tatacapital.com\/blog\/loan-for-business\/how-to-submit-your-business-loan-documents-like-a-pro-and-get-them-approved\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tatacapital.com\/blog\/"},{"@type":"ListItem","position":2,"name":"How to Submit Your Business Loan Documents like a Pro and Get Them Approved?"}]},{"@type":"WebSite","@id":"https:\/\/www.tatacapital.com\/blog\/#website","url":"https:\/\/www.tatacapital.com\/blog\/","name":"TATA Capital Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a","name":"Tata Capital","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","caption":"Tata Capital"},"sameAs":["https:\/\/tata-blog.osian.dev\/blog"],"url":"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/"}]}},"featured_image_url":"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/12\/business-loan-documents-like-a-pro-and-get-them-approved.jpeg","_links":{"self":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/13099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/comments?post=13099"}],"version-history":[{"count":5,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/13099\/revisions"}],"predecessor-version":[{"id":44404,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/13099\/revisions\/44404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media\/13100"}],"wp:attachment":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media?parent=13099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/categories?post=13099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/tags?post=13099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}