Launching a startup is exciting, but the reality hits when you face the need for funds — whether it’s for buying equipment, hiring staff, marketing, or developing products. If you’re wondering how to get a business loan for your startup, you’re not alone.
At Bravima Solution Pvt Ltd, we specialize in helping new businesses secure funding through trusted NBFC partners like Bajaj Finserv, HDB Financial Services, and Tata Capital. In this blog, we’ll walk you through everything you need to know about startup business loans in India.
What is a Startup Business Loan?
A startup business loan is a type of funding specifically designed to help new or early-stage businesses cover initial expenses, grow operations, and manage cash flow. These loans are usually unsecured, meaning you don’t need to provide heavy collateral.
NBFCs (Non-Banking Financial Companies) in India offer flexible startup loans that are easier to access than traditional bank loans, especially for first-time entrepreneurs.
Why Do Startups Need Business Loans?
- Working capital for salaries, rent, or utility bills
- Purchasing equipment or technology
- Product development and R&D
- Marketing and advertising campaigns
- Inventory purchases for e-commerce or retail businesses
- Hiring staff and building a team
- Expanding operations or opening a new branch
Who Can Apply for a Startup Business Loan?
Startup loans are ideal for:
- New businesses under 3 years of operation
- First-time entrepreneurs or solopreneurs
- Startups registered under MSME
- Businesses with a solid business plan
- Startups showing early revenue or proof of concept
Key Features of Startup Loans via Bravima Solution’s NBFC Partners
| Feature | Details |
| Loan Amount | ₹50,000 to ₹50 lakhs |
| Interest Rates | Starting from 12% p.a. (varies by NBFC & profile) |
| Tenure | 12 months to 5 years |
| Collateral Required | Usually unsecured |
| Processing Time | 3–7 working days |
| Repayment Options | Monthly EMIs or Flexi repayment plans |
Eligibility Criteria for Startup Loans
While NBFCs are more flexible than banks, here are the usual requirements:
- Age: Applicant must be between 21 to 60 years
- Indian citizenship
- Business registration certificate (if available)
- Basic financial documents: PAN, Aadhaar, GST (if applicable)
- 6 months bank statement
- Business plan or project report
- Good personal credit score (650+ is preferred)
Documents Required
- PAN and Aadhaar of applicant
- Business address proof
- Bank statements for last 6–12 months
- Income proof or ITR (if available)
- Partnership deed or Company Incorporation Certificate (for registered firms)
- Business plan or revenue projections
Tips to Get Approved for a Startup Loan
- Have a Solid Business Plan: Include market analysis, revenue forecast, and strategy.
- Maintain a Good Credit Score: Your personal score matters in early-stage loans.
- Show Proof of Concept: Customer feedback, early revenue, or MVP helps.
- Keep Your Finances Organized: Upload clean bank statements, invoices, or basic P&L.
- Choose the Right NBFC: Bravima Solution helps you match with lenders who specialize in startups.
Types of Business Loans for Startups
1. Term Loans
Fixed loan amount with set tenure and EMI payments. Ideal for one-time big expenses like machinery or setup costs.
2. Working Capital Loans
Used to cover daily operations, payroll, and other short-term business needs.
3. Line of Credit / Overdraft
Flexible withdrawals up to a credit limit. Pay interest only on the amount used. Great for cash flow management.
4. Invoice Financing
Borrow money against your pending invoices. Quick cash for B2B startups with receivables.
5. Equipment Loans
Finance for purchasing assets like laptops, delivery vehicles, or machinery.
Why Choose NBFCs Over Traditional Banks?
- Faster processing
- Easier documentation
- Low-to-no collateral required
- Flexible eligibility
- Personalized offers for startups
- Better customer support through Bravima Solution
Success Story: How One Chennai Startup Got Funded
Ravi, a 28-year-old IT professional in Chennai, had a brilliant idea for a logistics automation startup. With zero funding, he approached Bravima Solution Pvt Ltd.
We evaluated his business plan, revenue model, and early traction — and connected him with Bajaj Finserv, which approved a ₹15 lakh loan in just 6 days. Today, his startup has grown into a 20-person company with national clients.
Startups like Ravi’s are proof that the right funding, at the right time, can change everything.
How Bravima Solution Helps You Secure Startup Loans
- Loan options from multiple NBFCs
- One-on-one loan consultation
- Help with documentation and business planning
- Fast approvals and disbursals
- 100% transparent process, zero hidden charges
Secure Your Business Funding – Apply in Minutes
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