Best Business Loans in Lucknow
Lucknow has been a city of industry and labour despite its reputation as a laid-back city. There has been a lot done in the city since ancient times and trade has been an essential part of the rise of the city. I recent times many machinery, aero, chemical and other industries have called the city home employing a great workforce. Recent times has seen the rise of commercial businesses which focus in different sectors like furniture making, bio-tech, software and other areas. There is also the booming textile industry which is something that is expanding through the contributions of new and existing players. The need to fund such ventures is acute with business people looking to avail finance for operational and capital expenditure. Most banks and NBFCs offer this facility through unsecured business loans. Private lending is also another popular route to accessing business loans in the city.
Banks and NBFCs have been providing this facility to people and business houses in Lucknow for a long time. With the advent of private banks and NBFCs like HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton it has become easier than ever for small and medium establishments to get a business loan. These organized financial institutions prescribe eligibility factors like 3 years of establishment, over 50 lakh revenue and profitability before they lend so you have to be meet these before being considered for a loan. Statements like the ITR etc are required to back your eligibility. Some NBFCs might consider a revenue as low as 10 lakh to 20 lakh for eligibility.
Some of the documents required are a business loan in Lucknow are company ID proof, IT returns for 3 years, your bank statements, audited financials, address proof, Board resolution, etc.
If you are looking for business finance in Lucknow then you can approach banks and NBFCs like HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital and Fullerton through our website. You can also look at securing private finance to fund your entrepreneurial dreams through business loan in Lucknow.
Banks and NBFCs offering business loans in Lucknow
ICICI Bank - is the second largest private sector bank in India which has approximately about 24 full and part service branches in the city of Lucknow
HDFC Bank - is the largest private sector bank in the country and operates in Lucknow from approximately about 23 branches
Axis Bank - is the third largest bank in the country in the private sector and operates about 13 branches in the city of Lucknow
Kotak Bank - is a large bank in the private sector which works in about 6 branches in the city
Citibank - is operating out of about 1 branch in the city of Lucknow
Bajaj Finserv - is one of the largest NBFCs in India with 2 branches in Lucknow city
Tata Capital - is again a well-known NBFC with about 1 branch in Lucknow
Fullerton - services the entire city of Lucknow through their 1 branch