Overview
A business loan is a lifeline for those who are struggling with liquidity issue, financial sickness, and working capital. It also helps business to expand and open new business line etc. There are many types of business loan, which can be suggested according to the requirement and availability.
Eligibility Criteria
- A company should be minimum 1 yr old.
- There should be a business set-up.
- There should be an active company account.
Mandatory Requirements
- A valid copy of Passport, Resident visa, and Emirates ID of all the partners.
- Trade license.
- MOA or AOA.
- 6 months bank statement of the company account.
- Tenancy Contract.
- 3-5 Sales and purchase vouchers.