Business / Industry Development Loan

Sabarkantha District Central Co-operative Bank Ltd. offers *Business Loans* to support entrepreneurs, traders, professionals, self-employed persons, and small & medium enterprises in meeting their working capital and business expansion needs. The loan is designed to promote local trade, industry, and economic development within the district.

Key Features

♦  Financial support for starting, expanding, or modernizing business activities
♦  Suitable for traders, manufacturers, service providers, MSMEs, and professionals
♦  Working capital as well as term loan facilities available
♦  Competitive interest rates as per bank norms
♦  Flexible repayment options linked to business cash flows

Purpose of Loan

♦  Purchase of raw materials and inventory
♦  Business expansion or diversification
♦  Purchase of machinery, equipment, and tools
♦  Renovation or improvement of business premises
♦  Meeting day-to-day working capital requirements

Eligibility

♦  Individuals, proprietorships, partnerships, firms, and eligible institutions
♦  Existing business with satisfactory financial performance
♦  Good credit history and banking relationship with the bank
♦  Compliance with bank and regulatory guidelines

Security

♦  Hypothecation of stocks, receivables, or business assets
♦  Mortgage of immovable property, if required
♦  Personal/third-party guarantee as per bank policy

Repayment

♦  Monthly / quarterly installments or overdraft limits
♦  Repayment period based on nature of loan and business viability

Documents Required

♦  Loan application form
♦  KYC documents (Identity & Address proof)
♦  Business registration and licenses
♦  Financial statements / income details
♦  Bank account statements