India, July 18 -- Running a small or medium-sized enterprise takes vision, dedication, and, most importantly, financial resources. If you are a first-time borrower planning to apply for an SME Loan, meeting the right eligibility conditions is crucial.

A loan can help you expand operations, boost working capital, or invest in machinery or manpower. However, before the funds are received, your SME Loan eligibility must be in order.

Here is a detailed checklist that first-time borrowers in India can use to prepare and apply confidently.

Before starting the application process, it is essential to review the fundamental criteria that most lenders look for. If you are looking to apply for an SME Loan with L&T Finance, the following SME Loan ...