•An age proof
•A residential proof
•Documents related to facts and figures of the business.
•Documents related to the security that is being offered as security
•In case of a person with bad credit history, the credit report
There may be need of other documents which could be subject to the profile of the person who takes the secured business loan.
Once all the formalities are completed, the last step in the process would be the application made for the loan. Once that is submitted, the loan is generally approved in a few working days.
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