Business Loan
To run or grow a business, you need the right kind of financial help, and a business loan lets you handle your expenses, growth, and working capital problems more completely. Business loans give you money and let you pay them back in your own flexible ways. Spend that money to start a new business, help your business grow, buy the new tools you need, or pay for your everyday costs.
Getting one of these loans from a financial agency, Maxima Loanz, means you can apply in minutes and quickly get a decision based on your individual business needs, and in some cases, that means you can get your loan without a lot of paperwork.
Who can request a business loan?
Self-employed people, new companies, MSMEs, and other business owners can request a business loan.
Who is eligible to apply for a Business Loan from Maxima Loanz?
Self-employed, SMEs, startups, and registered business owners.
What documents are required to apply for a Business Loan?
KYC, business proof, bank statements, financials (as per lender).
Do business loans require collateral?
Not all of the time. Countless lenders give out unsecured business loans without any collateral.
Are business loans available for startups?
Yes, a lot of lenders give out loans to startups to allow business owners to start and expand their companies.
What Is A Business Loan?
A business loan is a financial product designed to help entrepreneurs, startups, and established companies meet their financial requirements. These loans can be used for business expansion, inventory purchase, working capital, marketing, equipment buying, or operational expenses.
Business loans are usually offered as secured or unsecured funding, depending on the loan amount and lender policies. They come with flexible repayment tenures and competitive interest rates, making them an effective solution for business growth.
How Can Our Team Help You to Reach Your Goals with Business Loans
Expert Guidance
We understand your business needs and recommend the most suitable loan options based on your purpose — like working capital, expansion, equipment, or daily operations.
Multiple Lender Network
With access to various banks and NBFCs, we compare offers to find better interest rates, flexible tenure, and suitable terms so you get the best deal for your business.
Fast Documentation Support
Maxima Loanz helps you prepare accurate paperwork and complete eligibility checks to avoid delays, making the loan process faster and smoother, simple, quick, reliable.
End-to-End Assistance
From choosing the right lender to application, processing, and final disbursal — we support you at every stage with clear guidance and follow-ups, so you can focus on growing your business stress-free.
Types of Business Loans
No business has a similar capital need as they belong to multiple industries and sectors. Lenders ensure that they effectively cater to the capital needs of every type of business through specialised business loans. Here are some of the most common business loans available to business owners in India.
Term Business Loans
They are straightforward, short-term loans without additional benefits. Such loans have a short loan tenure of 1-5 years. These loans require the borrower to mention the purpose of the loan, and the amount sanctioned is based on the business credit history.
Working Capital Loans
Similar to term loans, working capital business loans are also short-term and come with a tenure of 1-5 years. However, business owners avail of such loans to fulfill short-term and current liabilities such as daily or approaching expenses such as rent or employee salaries.
Equipment or Machinery Loan
This type of business loan is for buying equipment, commercial vehicles, or technology needed for running the business.
Startup Loans
As startups have become widely popular in India, lenders offer startup loans to entrepreneurs who want to expand their current businesses. These loans do not require pledging any valuable asset as collateral and offer repayment flexibility to budding entrepreneurs.
MSME / SME Loan
Loans for supporting the development and enhancement of small and medium businesses.
Business Line of Credit
This is a type of loan that you can take money out of when you want. You only pay interest on the money borrowed.
Secured & Unsecured Business Loan
Secured Loan: Requires certain assets or property to be pledged
Unsecured Loan: No collateral is needed, so interest is usually higher
Eligibility Criteria for Business Loan
Understanding the eligibility requirements that lenders look at during approval is necessary before applying for business loans. Maxima Loanz looks at a variety of financial and business elements and balances them to get you the correct loan with the best terms and quickest processing.
1. Age Criteria
Applicants usually need to be about 21 to 65 years old at the time of the application. This generally means the borrower has a good number of working years left to make the repayments.
2. Business Vintage & Stability
Most lenders want a business that has been operational for at least 1-3 years. A business that has been running for a long time shows a history of reliability and increases the chances of approval.
3. Credit Score
A good credit score is usually 700 and up. This shows the individual is pretty good at financial control and gets you a greater chance at lower interest rates and quicker approval.
4. Income & Financial Performance
Lenders look at the business turnover, profits, and your bank statements to determine if you will be able to pay them back. It’s important to have a steady income and a good amount of cash in the bank.
5. Business Type & Registration
Applicants who qualify generally include:
- Sole proprietorships
- Partnerships
- Private Limited Companies
- Limited Liability Partnerships (LLPs)
- Self-employed people
Your business has to have valid licenses and tax registrations if applicable.
6. Other Financial Commitments
Your outstanding loans, EMIs, and credit card usage are assessed to calculate your debt-to-income ratio and financial stability.
7. Nationality & Residency
Generally, Indian citizens and resident business owners qualify. Depending on the lender’s policy, NRIs can apply.
Documents Required for Business Loan
1. Identity & Address Proof
- Aadhaar Card
- PAN Card
- Passport / Driving License / Voter ID
2. Business Proof
- GST Registration Certificate
- Business Registration Documents
- Trade License or Shop Act License
3. Financial Documents
- Bank Statements (last 6–12 months)
- Income Tax Returns (2–3 years)
- Profit & Loss Statement
- Balance Sheet
4. Additional Documents
- Passport-size photographs
- Loan application form
- Existing loan details (if any
How to Apply for a Business Loan – Step-by-Step Process
Step 1: Check Your Eligibility
To see if you meet lender requirements, look at your credit score, income, and how your business is doing.
Step 2: Decide What Type of Loan You Want
Pick which loan is best for your business: a working capital loan, a term loan, or an equipment loan.
Step 3: Go Apply For Your Loan Now
Go apply either online or in person and submit your documents.
Step 4: Wait for Your Loan to Be Reviewed
The lender will analyze your business’s finances, how stable your business is, and how able you are to pay them back.
Step 5: Your Loan is Approved
After your loan is approved, the money will be sent to your account so you can use it for your business.
