Business Loan
Funding for working capital, stock, equipment and growth, usually without property as security.
Documents to keep ready
Nayaasa is a loan advisor, not a lender. This is what lenders typically ask for, and yours may differ. Approval is the lender's decision.
Applying jointly? Each person gives their own documents. Choose each type in turn.
What to expect
Typically; each lender sets its own.
A settled business
At least 3 years in the current business and 5 in total, profitable for the last 2 years, with turnover of at least ₹40 lakh.
Age
21 when you apply, and up to 65 when the loan ends.
Shorter terms
12 to 48 months.
Dropline overdraft
An overdraft whose limit falls each month, with no guarantor or collateral.
Rules and schemes that apply
No collateral on small loans
Since 1 April 2026, banks may not take collateral on loans up to ₹20 lakh to micro and small enterprises.
PM Mudra
Collateral-free: Shishu up to ₹50,000, Kishore up to ₹5 lakh, Tarun up to ₹10 lakh, and Tarun Plus up to ₹20 lakh for those who repaid an earlier Tarun loan.
Credit guarantee
Micro and small enterprises can be covered by the CGTMSE guarantee up to ₹10 crore.
Who counts as an MSME
By investment and turnover. Micro: ₹2.5 crore and ₹10 crore. Small: ₹25 crore and ₹100 crore. Medium: ₹125 crore and ₹500 crore.
Figures last checked November 2026.
Who it suits
- Proprietors, partnership firms, LLPs and private limited companies
- Manufacturers, traders and service businesses
- Businesses with a few profitable years behind them
How it works
Tell us what you need
What the money is for, the amount, and how the business has been doing.
We look at the business
Your statements, returns and running loans, set against what lenders ask for.
Gather the documents
We give you the list for your firm and check each file before it goes to a lender.
The lender assesses
Mostly a credit check and a look at the business's cash flow.
Sanction and agreement
If the lender agrees, it sets the terms and you sign.
Disbursement
The lender releases the money to the business account.
Common questions
Do I need to give property as security?
Usually not. Banks may not take collateral on loans up to ₹20 lakh to micro and small enterprises, and many business loans go beyond that without it.
My business is new. What then?
Lenders usually want a few years of record. A new unit may fit Project Loan better.
Does Nayaasa approve the loan?
No. Nayaasa is a loan advisor, not a lender. The final decision and the terms are the lender's.
Other loans we arrange
Let's Build Your Brighter Tomorrow
Get in touch with our advisors for guidance on the loan that fits your plans.